Category — US Budget

Here are three interesting articles from the Niles Weekly Register, pertaining to the War of 1812. In the first, we see the exuberance brought about by the early victories of the US Navy in several single-ship actions. In the second we have a silly calculation purporting to show that prosecuting the war was good for the country economically speaking. And finally, we conclude with a brief article on the state of the nation's credit.   Read the rest of this entry »

Why is it so hard to cut government spending? Because there are just so many reasons we can’t. Here are top ten excuses carried on a 3X5 card by nearly every politician.   Read the rest of this entry »

Periodically, I get so busy working and trying to stay on top of what I need to do to fend for my family, that I forget that Obama and the American Left have declared war on me. I have to be reminded from time to time.   Read the rest of this entry »

This has not been a particularly joyful season inside the beltway. All we’ve seen is a lot of clamoring, to little effect. In the hinterlands, we hear the echoes of the politicians' raucous debate about government spending, government borrowing, and government intrusion into our homes and business. One side yells that the only solution is to tax the rich until they squeal, while the other side of the aisle insists we must reform entitlements or go the way of Greece. What would the Founders think about all this? Here is what they said in their own words.   Read the rest of this entry »

Concentrated political power frightened the Founders. They believed that only by limiting government could liberty survive the natural tendency of man to dictate the habits of other men. The balanced separation of power with checks was designed to prevent tyranny. The first outsized words of the Constitution read We the People. It’s our document. It was always meant to be ours, not the government’s. It is each and every American’s obligation to preserve, protect, and defend the Constitution of the United States.   Read the rest of this entry »

In the first of our Constitution Day (week) posts, Jim looks at the speed bumps specified by the nation's charter document to restrain government.   Read the rest of this entry »

If you read the financial press, you can almost hear the gurus scratching their heads. They study past business cycles and can’t understand why robust growth isn’t the order of the day. Since WWII, strong recoveries have always followed recessions. And the deeper the recession, the faster the climb back to prosperity. Considering the depth of our latest crash, we should be rip-roaring into the stratosphere by now. What’s going on?   Read the rest of this entry »

Although the man in the White House is blaming everyone except the tooth fairy for the nation’s economic woes, he might consider looking in the mirror.   Read the rest of this entry »

British blogger Ana The Imp is nearly always erudite and she has proven to be so again in her most recent piece on the "Debt Crisis." We share her desperation and frustration.   Read the rest of this entry »

The Founding Fathers recognized the burden of large debt and the importance of paying it off. After the American Revolution, the debt equaled 35 to 40 percent of GDP at a time when government spending and taxes were just 2 percent of GDP. Today the debt is more than 80% of GDP, taxes are about 25% of GDP, while spending is higher still.   Read the rest of this entry »