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 […]
With federal spending and the national debt already at dangerously high levels, the Trump administration just posted another milestone: The biggest budget deficit since 2011.
In Thomas Jefferson’s view, running up huge debts in the name of “funding” was a massive rip-off of future generations
In aviation, a death-spiral describes the downward, corkscrew-motion of a disabled aircraft that’s unrecoverably headed for a crash. If you pilot an aircraft, you never want to find yourself in a death-spiral — for obvious reasons. Well, The federal government may well be in a death spiral of its own – or perhaps we should call […]
While all eyes are distracted by the Kavanaugh political circus, other things keep getting worse.
If you don’t understand what’s going on with the Federal Reserve, the national debt and rising interest rates, you don’t understand what going to happen to the economy. Hint – it isn’t good news. Another hint – Trump ain’t gonna fix it. Tom Woods and David Stockman break it down. Editors Note: This post was…
I’m starting the weekend a little early here – looking for some humor in a situation that isn’t really all that funny… The GiN Joint’s Bartender thinks we may need to get a special dartboard for Nebraska’s First District Representative Jeff Fortenberry; he’s making so many appearances in our “Deserving of Darts” feature. One visitor [...]
I read the news online each morning and sometimes become inspired to post comments concerning certain of the articles I encounter. I recently got drawn into a discussion on the Lincoln Journal Star website about public employee unions and collective bargaining in Nebraska. A fellow who identifies himself as “World’s End” accused me of being [...]
In 1995, Oklahoma voters were tired of the continual debt state legislators were accumilating in the state. As a result, Oklahoma passed the “Balance- Budget Amendment” which required Oklahoma to only spend the money it collected and not a penny ...
By Shelli Dawdy This is a continuation from yesterday’s article about the Tax Cut Compromise. If Democrats’ want to play class warfare, perhaps the debate should include such vivid examples of where this kind of rhetoric can ultimately lead if it is allowed to stand unchallenged. In Soviet Russia, upper-middle class peasants known as kulaks [...]