Tag: national debt
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A Question to Ponder
I really did not need to focus on any serious topics today (or yesterday for that matter – notice the lack of a post) so I have to thank my brother for providing a humorous but thought provoking question on Facebook last night. I thought that the question deserved to be freed from the walled…
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The Paradox of Government
Today I read Paul Krugman writing about the paradox of thrift. As is often the case, I found it interesting to read and to notice the assumptions that Krugman bases his positions on. While anyone can go read what he wrote I’ll give a quick overview of the paradox of thrift – increases in personal…
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A Managed Economy
I try not to focus on political or economic issues on Sunday, but I had a hard time when I noticed the figure "$700 Billion" yesterday. I was particularly worried by this statement: . . . it would allow Treasury to act unilaterally: Its decisions could not be reviewed by any court or administrative body…
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American Debt is No Accident
The fact that Americans have allowed themselves to be led down the rosy path of false economic hopes for a rosy tomorrow – where we can borrow now for anything we want with no thought for the fact that we are paying more by mortgaging our futures all the time – is not surprising. What…
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Federalist No. 7
My first reaction to Federalist No. 7 was that it was applicable to the nation at the time it was written, but had little insights to offer us at present. Later it occurred to me that the issues being addressed would be applicable at any time we might consider the possibility of dissolving the nation…