Romney isn’t wrong about everything.
Romney is correct in his criticism of both Biden and Trump with respect to spending and entitlements.
Tagged: national debt
Overspent and overdrawn.
The federal government is spending more while taking in less. Understanding the consequences doesn’t require an Ivy-league degree.
The eyes of Texas are on Congress (and McCarthy).
Contrast the Texas Legislature to the U.S. Congress. It has been decades since Congress actually passed a budget.
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.
$20 trillion for what?
No nation has ever borrowed so much money. No nation has ever spent so much money. Never in human history has so much money been spent with so little to show for having spent it.
Uncle Fed’s magical computer.
Uncle Fed lives upstairs. He has a magical computer that lets him create money out of thin air.
The worst possible way to fund the government.
We keep hitting the debt limit and therefore keep having government “shutdown” dramas because the Congress has stopped functioning as it should as keeper of the purse.
On KFXK FOX51: Ben Franklin on wealth and poverty.
The amount of money expended by the federal government on anti-poverty programs since 1965 is almost exactly equal to the national debt, currently approaching $17 trillion.
We’re getting the Medicare we deserve.
On Monday, the 2012 Trustees Report on Medicare was released and the news isn’t as bad as you might think. It’s worse.
Who really sets the debt limit?
Bill and Marge have been hitting the VISA card each month to close the gap between what they earn and what they spend. Their reckoning is coming. The U.S. Government needs to learn from Bill and Marge.
Wealth must be created in order to be consumed.
Anyone who so chooses can live for a time as if he or she is wealthy. But for how long? Time is the critical variable.