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.
Apr 1, 2018 ~ National Review Editorial Board, The Omnibus Disgrace - Loaded with Pork - fiscally irresponsible and not what conservatives want - had to give dems everything just to get some additional military spending.
Jan 8, 2018 ~ America Needs a Balanced Budget Amendment now more than ever - Transfer payments are now about 70 percent of federal spending - as long as politicians are allowed to spend borrowed money, they will beat politicians who try to be responsible
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 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
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
Tag Cloud
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