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Despite the obvious unsustainablilty of our federal government's spending and financial promises, the debate and demagoguery continues. A case should be made to the voters that every dollar spent now on able working people is one less dollar available in the future for the truly needy. Read More »
Despite the obvious unsustainablilty of our federal government's spending and financial promises, the debate and demagoguery continues. A case should be made to the voters that every dollar spent now on able working people is one less dollar available in the future for the truly needy.
Our elected representatives don't seem to have gotten the message yet. Federal spending, deficts, and debt are still going up. Deficit spending for 2011 will be $1.5 trillion, or $4.1 billion per day. Read More »
Our elected representatives don't seem to have gotten the message yet. Federal spending, deficts, and debt are still going up. Deficit spending for 2011 will be $1.5 trillion, or $4.1 billion per day.
All social, civic, and community associations are governed by basic rules which are learned and followed by the board members. If you've served on a board, you are familiar with these common sense rules. You follow the bylaws, keep the organization financially sound, and treat members equally. Not surprisingly, our United States Congress, the most important organization in our country, hasn't learned these simple rules. Read More »
All social, civic, and community associations are governed by basic rules which are learned and followed by the board members. If you've served on a board, you are familiar with these common sense rules. You follow the bylaws, keep the organization financially sound, and treat members equally. Not surprisingly, our United States Congress, the most important organization in our country, hasn't learned these simple rules.
Our elected representatives and voters have chosen not to learn from history but have instead sought to fulfill their short term self interest. This is the last post in a series on the financial situation of our Federal government. If you have not read the prior posts, I recommend you do so before reading this post. (ATTENTION: Deficit Disorder, beginning 9/7/10. Read More »
Our elected representatives and voters have chosen not to learn from history but have instead sought to fulfill their short term self interest.
This is the last post in a series on the financial situation of our Federal government. If you have not read the prior posts, I recommend you do so before reading this post. (ATTENTION: Deficit Disorder, beginning 9/7/10.
Our representatives have acted to fulfill their own agendas without regard to results and problems seen from the policies of other governments from around the world. Read More »
Our representatives have acted to fulfill their own agendas without regard to results and problems seen from the policies of other governments from around the world.
The Federal debt everyone talks about is only the tip of the iceberg. There are also other unfunded liabilities that aren't often mentioned but are just as scary. These are promised or expected future costs, such as pensions, medical benefits, guarantees, or major contingent costs. These unfunded liabilities come to several times the current national debt amount. Read More »
The Federal debt everyone talks about is only the tip of the iceberg. There are also other unfunded liabilities that aren't often mentioned but are just as scary. These are promised or expected future costs, such as pensions, medical benefits, guarantees, or major contingent costs. These unfunded liabilities come to several times the current national debt amount.
Our Federal government has been borrowing money over the last forty years like a credit card junkie. The primary purpose of consistent defict spending and borrowing has been to allow us to live beyond our means. In political terms, that means keeping the voters happy. However, future voters won't be so happy, as interest cost rise and deficit spending is no longer an option. Read More »
Our Federal government has been borrowing money over the last forty years like a credit card junkie. The primary purpose of consistent defict spending and borrowing has been to allow us to live beyond our means. In political terms, that means keeping the voters happy. However, future voters won't be so happy, as interest cost rise and deficit spending is no longer an option.
The finanical and housing crises have helped the Federal government set all kinds of records for deficit spending. The voters of this country sure picked a bad time to give the Presidency and both Houses of Congress to the most liberal leaders of our time. Sadly, the future outlook for reducing deficit spending doesn't look too positive, at least with the current bunch in the White House and Congress. Read More »
The finanical and housing crises have helped the Federal government set all kinds of records for deficit spending. The voters of this country sure picked a bad time to give the Presidency and both Houses of Congress to the most liberal leaders of our time. Sadly, the future outlook for reducing deficit spending doesn't look too positive, at least with the current bunch in the White House and Congress.