Our debt right now is about $16.5 trillion. Projections of the current budget and extrapolations of the administration’s programs bring the debt to $20 trillion in five years. This assumes the GDP remains at 4% […]
The federal government and the states pay a combined $1 trillion for welfare recipients. The average is $20,000 per person and over $30,000 per family. This comes from hundreds of programs, everything from food stamps […]
There’s an insidious new “fix” to Social Security making the rounds in Congress called “chained CPI.” It’s been a popular option with both parties in Congress lately as they hash out ways to lower the […]
Young people new to politics find it baffling how the conservatives have drawn a line in the sand over tax cuts for the wealthy. How can anybody possibly justify a stand like that? It’s political […]
Even the conservative media outlets like Fox News and the Wall Street Journal are desperate to pass the Senate’s $6 trillion tax increase ($600 billion over ten years). There are so many falsehoods in their […]
House Minority Leader Pelosi told CBS News “Face the Nation” on Sunday that she wants additional revenue from higher taxes. Her goal is an annual increase of $160 billion, only $60 billion of which was […]
September 16, 2026Comments Off on Democrats in the House Offer a Bill to Abolish the Debt Ceiling
The Hill reports this morning that House Democrats plan to submit a bill tomorrow that abolishes the debt ceiling, “saying uncertainty surrounding the hikes causes unnecessary pain to the economy.” Holy Moses – no limit […]
September 16, 2026Comments Off on Then Senator Obama’s 2006 Emotional Defense of NOT Raising the Debt Limit
Here is a speech then Senator Obama gave on the floor of the U.S. Senate in the debate over raising the debt ceiling. In clear and unequivocal terms, he voiced THE EXACT SAME ARGUMENTS USED […]
It has to be intuitively obvious to the most casual observer that the U.S. has a bad debt problem. I know people are used to living in debt – mortgages, car payments, credit card payments, […]