by Michael Lotfi. Gov't overspent by nearly $530 billion anyway. According to a monthly treasury statement, through the first eleven months of fiscal year 2015 (Oct. 1, 2014 – end of August), the United States federal government has collected a record-breaking haul in tax revenue. In total, the feds have collected over $2.8 trillion so far, which ... MORE
Showing posts with label debt. Show all posts
Showing posts with label debt. Show all posts
Feds Collect Record 2015 Tax Haul: $19,346 Per Worker
by Michael Lotfi. Gov't overspent by nearly $530 billion anyway. According to a monthly treasury statement, through the first eleven months of fiscal year 2015 (Oct. 1, 2014 – end of August), the United States federal government has collected a record-breaking haul in tax revenue. In total, the feds have collected over $2.8 trillion so far, which ... MOREJohn W. Whitehead: The Real Issues That You Won't Hear From The 2016 Presidential Candidates This Election Year
Government's stealth tyranny. We now have less than one year until the 2016 presidential election. Despite the dire state of our nation, however, you can rest assured that none of the problems that continue to undermine our freedoms will be addressed in any credible way by the presidential candidates—certainly not if doing so might ... MOREEconomic Liberty Vs. Big Government Illusions
by John Hayward. Economic freedom is the practical expression of liberty – if we’re not free to sell our goods and labor, spending and investing the proceeds as we see fit, we’re not truly “free” to do anything except complain about how the government treats us. And if we don’t have access to valid information about the government, and ... MOREJohn W Whitehead: The Real Issues You Won't Hear From The 2016 Presidential Candidates This Election Year
The tyranny behind the curtain. We now have less than one year until the 2016 presidential election. Despite the dire state of our nation, however, you can rest assured that none of the problems that continue to undermine our freedoms will be addressed in any credible way by the presidential candidates—certainly not if doing so might ... MOREAfter Budget Deal, A Sense Of Futility Grows In Congress
by Nick Timiraos. Cowards kicking the can. Congress ended an 11th-hour showdown when the Senate passed a bill Friday that raises the debt ceiling for the last time during Barack Obama’s presidency. Many policy makers wish it could be the last such standoff in a long-running drama over the nation’s borrowing limit. The
brinkmanship has grown so ... MORE
Senator Mike Lee: Let's Be Honest About The Debt Limit
Here we go again. The federal government has predictably maxed out its credit card for the fifth time in the last four years. The Treasury Department now insists there will be “catastrophic economic consequences” unless the debt limit is raised by Nov. 3. If that wasn’t depressing enough, consider that Congress has less than two ... MOREStephen Moore: Winning the Debt-Limit Fight
Putting the brakes on exploding debt. During his eight years in office, Barack Obama is on pace to have increased the national debt by a horrific $8 trillion — and, ironically, the folks on Wall Street and the mavens of the media still portray congressional Republicans as the fiscal bad boys for trying to slow down the blizzard of borrowing. ... MOREStephen Moore: America's $12 Trillion House of Cards
A precarious situation indeed. What is the price tag for the audacious Obamanomics experiment? How much has it all cost — the bailouts, the debt, the stimulus plans, the printing of cheap money, Obamacare and all the rest? The answer to that question is just shy of $12 trillion. That's the sum of the $8.3 trillion added to the national ... MORE
Peter Schiff: Currencies Depend On Faith, Gold Doesn’t
Considering the intrinsic value of paper. In his July 17th Blog, Let’s Get Real About Gold, author and Wall Street Journal columnist Jason Zweig likened investor interest in gold with the “Pet Rock” craze of the 1970’s, when consumers became convinced that a rock in a box would provide continuous companionship, elevate their social standing, ... MOREJoshua Krause: Americans Embrace Debt As New Norm
7 in 10 believe that debt is necessary. America’s debt problem has been widely documented over past few years, and not just the public kind. The average American is swimming in trillions of dollars in medical fees, car payments, mortgage liabilities, as well as credit card statements and college tuitions. However, none of that is shocking ... MOREHow Bad Are Things For The People Of Greece?
by Lucy Rodgers & Nassos Stylianou. Big government debt is crushing the people. The people of Greece are facing further years of economic hardship following a Eurozone agreement over the terms of a third bailout. The deal included more tax rises and spending cuts, despite the Syriza government coming to power promising to end what it ... MOREVeronique de Rugy: States Must Confront Pension Costs
State-Based Accounting 101: ranking fiscal condition. One of the most boring classes I took in college was on accounting. Over the years, however, I've come to understand the importance of proper and transparent accounting. As the disastrous examples of Greece, Puerto Rico, Detroit, and Chicago demonstrate, dodging long-term ... MORE5 Things You Need To Know About The Shitshow In Greece
by Ed Krayewski. Greeks want big government but they want someone else to pay for it. Last week, the Greek government walked away from the negotiating table with its creditors and enablers—the European Commission, the European Central Bank, and the International Monetary Fund, called the "Troika." The group wanted Greece to commit ... MORE
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