National Debt

Washington just added another $2.4 trillion to an already exploding debt of $14 trillion. The accumulated obligations of the U.S. now exceed 100% of America’s Gross Domestic Product. We’ve reached that point at which we are trapped in an economic catch-22.

Congress doesn’t have the stomach to do what’s necessary to cut spending and put our economy back on track.

50% of the people in the United States receive a government check of some kind. That is a direct transfer from one taxpayer to another. Subtract the cost of the government program making the transfer and you get the government’s “take” for administering and processing the transfer.

I wish the President’s Jobs Act could turn around our economy and put people back to work. Like most Americans, we want the President to be successful. But wishful thinking won’t make it so.

It is no secret that the U.S. is facing a debt crisis today. The national debt has risen to $14 trillion this year and is expected to go up to $16 trillion in 2012. High interest rates and budget deficit problems are among the main reasons why the national debt [...]

During this the 100th anniversary of the sinking of the Titanic it is worth remembering the technological marvel she was for her time. Whether apocryphal or not she was believed to be unsinkable. Of course she did sink and in the process became an enduring metaphor for all matters of seemingly [...]

In yet another slight to rule of law, the Obama Administration has asked a federal court to put a press conference pronouncement above official regulation. Last week, the Department of Justice filed a legal response to one of numerous lawsuits currently challenging the constitutionality of the Obamacare anti-conscience mandate. The Administration [...]

IN CELEBRATION of Shrove Tuesday, some Christians (and many indulgent atheists) cook pancakes. The tradition derives from the practice of using up all the fat in the cupboard in a great binge, before the 40-day fast of Lent began. To honour this we have constructed a comparison of the costs [...]

Many Republican House members, and the bloggers and tea partiers who cheered their victory in gaining a majority in November 2010, seem to be seething with discontent and eager for confrontation. They believe, reasonably, that their victory represented a repudiation of the vast expansion of government by the Obama Democrats. They want [...]

Mitt Romney has had a tough week, Newt Gingrich a tough month, Barack Obama a tough three years. But hey, they could be Ron Wyden. Ticked off by Washington’s failure to tackle big problems? Spare a moment for Oregon’s senior senator. Mr. Wyden is the Democrat who in December had [...]