We all know the U.S. government has a debt problem. This raises a couple of questions most people seem to be ignoring. Who’s going to finance all of this debt and what will it mean to the economy? The national debt increased by $1.27 trillion in fiscal 2018. If you expected the pace of borrowing […]
Before the massive growth of our welfare state, private charity was the sole option for an individual or family facing insurmountable financial difficulties or other challenges. How do we know that? There is no history of Americans dying on the streets because they could not find food or basic medical assistance. Respecting the biblical commandment […]
In Thomas Jefferson’s view, running up huge debts in the name of “funding” was a massive rip-off of future generations
WASHINGTON (Oct. 2, 2018) – America has a major spending problem. 2018 was one of the worst in history. Sept. 30 marked the end of the federal government’s 2018 budget year. According to data released by the U.S. Treasury Department, the federal debt grew by nearly $1.3 trillion in fiscal 2018 – $1,271,158,167,126.72 to be exact. […]
Michael Boldin and Mike Maharrey discuss the massive amount of spending and debt that’s being piled up year after year - plus a ramping up of the surveillance state.
There was a recent move to cut a pittance out of the federal budget and the Republicans in Congress couldn’t even get that done. The GOP talks a good game when it’s not in power. For eight years, Republicans promised they were going to repeal Obamacare. After controlling both houses of Congress and the White…
Are you depending on Social Security and Medicare for your retirement? You might want to rethink that plan. These unconstitutional government programs are going broke even faster than expected. For the first time since 1982, Social Security will have to dip into its $3 trillion trust fund in order to cover benefits this year. In…
A federal agency created under the Dodd-Frank Act unconstitutionally gets to determine its own budget. In 2010 the Dodd-Frank Wall Street Reform and Consumer Protection Act was passed and signed into law. In our copy, the act has 833 pages. Portions starting on page 573 through almost create the Bureau of Consumer Financial Protection (BCFP).…
Coming in at over 2200 pages, votes are already starting on a budget that no one in congress has actually read.
On Mar. 1817, President James Madison vetoed the Bonus Bill of 1817 – a plan that called for the federal construction of various roads, bridges, and canals throughout the country. In a letter to Congress, the president explained his rationale. Out of all historical writings on constitutional interpretation, I believe it stands today as one…