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
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