Tagged: debt

The problem that’s not going away.

Start with the debt that he inherited and add to it the $2.5 trillion that it is now estimated that he will add by the end of 2019 and you find that President Trump is racking up debt at a pace only slightly less than that of Barack Obama.

iou note

Will we ever get serious?

The government has borrowed money over your signature and made promises in your name to the point that your household now owes $520,000.

A funeral procession.

NASA did its best to dress its deliveries of retired space shuttles to their respective final resting places as victory laps. They were no such thing. They were funeral processions.

Let Obama have his “Buffett Rule.”

Fine, Mr. President. We’ll give you what you want. But only if you agree to go out in public and accept responsibility, in advance, on behalf of the Democratic Party and liberals everywhere, for the results.

At least the Brits admit there’s a problem.

There’s no money left in the U.K. and there’s no money left here. The only difference is that the coalition government is admitting as much in Britain while politicians on both sides of the aisle here in the U.S. talk of our dismal finances only in oblique terms.

Following Europe’s dangerous path.

Self-reliance means possessing and maintaining the ability to defend one’s self, something of which Europe is now utterly incapable. The president’s proposal to dramatically cut defense spending reveals disturbing parallels for the U.S.

When the goodies stop coming.

The civil unrest earlier this year in Greece, the protracted fight over public employee unions earlier this year in Wisconsin and now a crippling strike in London during the holiday season all serve to illustrate a very important truth. Once the government starts handing out goodies, it’s hard to stop.

Forgiving student debt? Bad idea.

At over $1 trillion, total student debt in the United States now tops total credit card debt.Many debt-laden graduates will never get the money they paid out of their degrees.

Reality acceptance.

The human capacity for self-delusion is the only thing that explains why the left continues to cling to a tired and discredited belief system.

The useful Tea Party

The useful Tea Party.

Administration apologists are blaming the Tea Party for the recent downgrade of U.S. debt by Standard & Poor’s. I disagree. I think the Tea Party forced a useful debate exactly as the founders would have hoped.