Fourth of four parts. New Spending? Given the level of U.S. debt, you’d think politicians would be spending less and seeking ways to at least slow the speed at which…
Why the U.S. Is Broke: Part Three
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…