So why do we have so much debt? The federal budget can help answer that question. The largest items in the federal budget are Medicare and Medicaid, which account for…
Why the U.S. Is Broke: Part Two
Second of four parts. Defense Spending, Tax Reform and Debt But why are we in so much debt? Some have blamed defense spending. For example, Doug Bandlow, who served as…
Why the U.S. Is Broke
First of four parts. We should have been alarmed when the accumulated federal debt reached $1 trillion. Ronald Reagan was president then. Today, our deficit regularly exceeds $1 trillion each…
The Globe’s New Math
The headline in a recent edition of The Boston Globe read, “White House proposes $4.4 trillion budget that adds $7 trillion to deficits.” That a $4.4 trillion budget could produce…
What Yellen Should Have Said
The question reporters should be asking now is, what did the Federal Reserve Board’s Open Market Committee do for two days last week? The statement it issued based on its…
AP Poll: Americans Want Less Economic Growth
Well, here’s a shocker. A new AP poll shows that a majority of Americans want a higher minimum wage. They also want paid sick leave and parental leave, free community…
Embrace the Bailout, Reduce the Federal Debt
Finally, the U.S. Treasury Department has figured out a way to reduce the federal debt – by giving money away. That may not make sense, but keep in mind that…
Goodbye, Middle Class
With all of the talk in Washington about equality, you have to wonder how the gap between rich and poor has widened to the point where even The New York…
No, We Can’t
Someone had blunder’d: Theirs not to make reply, Theirs not to reason why, Theirs but to do and die. …