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…
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…
U.S. Without a Budget for Four Years and Counting
As of April 29, the U.S. government will have operated without a budget for four years. Based on the budget he proposed this week, President Obama intends to keep the…