Apr 30, 2020 ~ Washington Post puts out Fake story saying Trump might cancel debt obligations the US owes China. Anon sources as usual. Kudlow, 'The answer is absolutely not. The full faith and credit of U.S. debt obligations is sacrosanct'. Hassett, 'never entertain any default on U.S. debt.'
Feb 11, 2020 ~ Stephen Moore, 'Defusing the Debt Bomb'. Debunks myths like 'Trump caused these deficits'. No they were 'baked into the cake' from decades of passing unaffordable programs. 'Trump tax cuts caused the deficit'. No, the tax cuts increased, not decreased tax revenue. Dems worse.
Jan 31, 2020 ~ Neil Patel 'Our Coming Debt Crisis'. Patel demonstrates why the party is almost over. The level of borrowing that started with Bush is clearly unsustainable for much longer. Our debt to GDP ratio is now over 100%. Addressing it is political suicide so neither party is willing.
Jan 25, 2020 ~ A voter exposes the unfairness of Warren's student loan forgiveness program. Says it makes suckers out of people who sacrificed to save while rewarding people that lived it up. 'We did the right thing, and we get screwed.' Dan Crenshaw, 'That's the definition of buying votes.'
Jan 23, 2020 ~ Robert VerBruggen, 'Why Pay Off Your Student Loans if the Government Will Do It for You?' Many people predictably taking advantage of these programs, running up big debt and just paying the minimum required until the rest is forgiven after 10 or 20 years depending on job.
Dec 11, 2019 ~ John Stossel, 'The Forgotten Debt'. Stossel rightly reminds us that the debt is $23 trillion and increasing about $1 trillion a year. This is clearly unsustainable but it is politically impossible for anyone to address it. Even talks of slowing the growth are met with howls.
Sep 13, 2019 ~ Deficit exceeds $1 Trillion dollars. Highest in 7 years. Dems blame on the tax cuts but tax revenues are actually up since the tax cuts. The unsustainable spending must be reduced. But all dem campaign promises would lead to much higher spending. The opposite of what's needed.
May 21, 2019 ~ Hank Adler, Like so many liberal ideas, forgiving student loans punishes responsible people and rewards irresponsible people. Those who scrimp and save for decades to pay for college become suckers and people who live large and run up huge debts receive a windfall from taxpayers.
Apr 9, 2019 ~ Maxine Waters looked like a total fool hauling big bank CEOs before congress to grill them on the 'student loan crisis' caused mostly by government. She had NO IDEA that those banks exited the student loan business 10 or more years ago because Obama took over student loans.
Mar 19, 2019 ~ Kevin Williamson article, 'Just Stop Spending'. He points out the GOP used to be for balanced budgets. Some economists say deficits are useful during recessions or war but now we run them continuously. But dems vilify any cut no matter how small. Cuts can't compete with free.
Oct 24, 2018 ~ Stossel again sounds the alarm over underfunded state and local pensions - why is no one addressing a foreseeable disaster - '10 years from now, they're gonna have a problem but 10 years from now somebody else is going to be in office'
Oct 21, 2018 ~ Deficit hits $779 billion for FY2018 - Controlling the Debt Is Gonna Be Painful - It is a lie that the deficit is mostly caused by the tax cuts - but it is true that disaster awaits if unsustainable entitlements are not addressed.
Sep 22, 2018 ~ Tax cuts already paying for themselves but new spending has outpaced the revenue gains - On track for Trillion dollar deficits again - current debt $21T - on track to top $30T by 2025 - unsustainable
Jul 29, 2018 ~ GOP apparently no longer interested in fiscal responsibility and debt now that in power - Only a few like Rand Paul take a stand against irresponsible budget - pols have no incentive to cut. In a debt death spiral but no one seems to care.
Feb 20, 2018 ~ CNN and other news reports that Obama reduced the deficit by two thirds - Stephen Moore 'Obama's Real Debt and Deficit Legacy' - 'this takes data torturing to new heights' - complete opposite - Obama was the worst debt accumulator of any President ever.
Dec 28, 2017 ~ Social Security Beneficiaries Hit Record 62 million people including those on disability and dependents - now just 2 workers for every beneficiary, trillions in unfunded liabilities - no politician willing to address the shortfall.
Sep 28, 2017 ~ Pedro Nicolaci da Costa, "Puerto Rico faces a 'death spiral' that goes way beyond the humanitarian crisis" Racked up massive debt - going through a bankruptcy plus other problems before Hurricane Maria hit.
Sep 18, 2017 ~ National Debt Right Now exceeds $20 Trillion - good break down of how serious a problem it is - soon the interest itself will swamp us as interest rates must eventually rise - spiraling toward bankruptcy
Aug 12, 2017 ~ Michael Tanner, 'Entitlements Are Out of Control. We are entering an economic death spiral' Totally unsustainable and getting worse. People rebel at the slightest cut back or slowdown in growth no matter how small. Bankruptcy is almost inevitable.
Jun 27, 2017 ~ Stephen Moore, 'The Banana Republic of Illinois' - Careening toward bankruptcy - $15 Billion in debt - government and benefits too big - keep raising taxes forcing more tax payers out so hole keeps getting bigger - other states not far behind
Mar 24, 2017 ~ Entitlements - The Most Dangerous Addiction of Them All - Krauthammer, Will and Prager explain why entitlements are so difficult or even impossible to repeal even when it is obvious they are fiscally unsustainable. Anyone who tries to cut is vilified. Political suicide.
Mar 1, 2017 ~ Stephen Moore, 'States Are Going Broke Because They Broke the Bank' Many States, mostly blue Are Going Bankrupt. Combination of slow Obama economy growth, additional Obamacare spending and out of control budgets. Can't tax their way out. People leaving as they raise taxes.
Feb 26, 2017 ~ George Will, "Big Government' Is Ever Growing, on the Sly" - The Federal Government is 3.5 times as big (10 million employees) as it was in the 1950s - cleverly disguised to with contractors and grants to state governments to not look as big as it is - spending way up too.
Dec 17, 2016 ~ Teresa Mull, 'Teacher Pension Crisis Is Punishing Children and Taxpayers' - $500 Billion shortfall - further proof that public sector unions and pension systems in general are unsustainable