Tag: "government debt"

May the Farce Be With You:Lessons for 2012 from Lincoln and Louis
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May the Farce Be With You:Lessons for 2012 from Lincoln and Louis

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Karl Marx famously quipped that great historical events and personages appear twice, first as tragedy and second as farce. The tragedy he had in mind was the French Revolution and the farce was its pale successor that took place in France in 1848. To the contrary, events leading up to the revolution turn Marx’s formulation […]

Swindling America's Youth
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Swindling America’s Youth

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We older Americans have saddled our youth with a mind-boggling public debt—over $20 trillion already spent ($14.3 trillion of “official” national debt plus various off-budget expenditures, according to the U.S. Treasury); trillions more of projected deficit-spending over the coming decade; and tens of trillions of dollars of unfunded liabilities. By the time today’s toddlers can […]

What Would Jesus Cut?
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What Would Jesus Cut?

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That is the question asked by the left-leaning Christian organization, Sojourners, in its campaign of the same name. It is a most appropriate question given the battle over the budget and given this time of year, not long after the most holy holiday of the year for Christians. Sojourners claims that, despite record budget deficits […]

The Church and the Deficit
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The Church and the Deficit

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For a long time I supposed that social issues — abortion, same-sex marriage, and the rest — were the great dividing line in American politics, with the collapse of natural law thinking at the root of the problem. While I still see the culture war resulting from this as a large part of what ails […]

Is the Party Over?
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Is the Party Over?

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Let’s not kid ourselves: The policy train in American government has largely been driven by powerful special interests.  These enterprises invest enormous amounts of time and money in political campaigns in order to ensure that their agenda is advanced on Capitol Hill.  Over the years, particular interests have become allied with particular parties, becoming entrenched […]

Downgrading America: S&P Declares the Obvious
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Downgrading America: S&P Declares the Obvious

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If you had been living on another planet the last three years, you would be shocked to learn that the credit-rating agency, Standard and Poor’s (S&P), has placed the current AAA credit rating for the debt issued by the U.S. Treasury on a “negative watch” status. Most of us who live on planet earth had […]

Do We Have the Gumption to Take Our Medicine?
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Do We Have the Gumption to Take Our Medicine?

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With Washington’s budget showdown over – for now, at least – attention has shifted to the next major government funding crisis on the horizon.  With a mere $80 billion between the government and default, lawmakers, lobbyists, and Obama officials are scrambling to make the case for an extended line of credit. But just as with […]

How "Radical" is the Ryan Plan?
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How “Radical” is the Ryan Plan?

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Question for those of you concerned about the size of federal debts and deficits: Would you endorse a plan which would add another five or six trillion dollars to the federal debt over the next decade while increasing Uncle Sam’s annual expenditures by $1.1 trillion? If so, you’re in luck. House Budget Committee Chairman Paul […]

Cool Hand John
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Cool Hand John

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House Speaker John Boehner has succeeded in making the largest cut to the bloated federal budget in American history. In this he surpasses even the great Ronald Reagan, who still deserves all honor and praise for defeating the Evil Empire and ushering in tax reform and economic dynamism in political economy. The Speaker has initiated […]

It’s Not About the Money; It’s About the Killing!
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It’s Not About the Money; It’s About the Killing!

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Okay, so the government is about to shut down.  Partially. Good. Because if we don’t stop the killing of innocents in the womb inthis country,  if we don’t at least show our Almighty and Most Holy and Just God, that we are seriously willing to bear some cost, some pain, or at least some  inconvenience […]

America's March of Folly
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America’s March of Folly

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The budget deficits from the first two years of the Obama administration are of sufficient magnitude to spring Dr. “Billions and Billions” Carl Sagan from his grave. Sagan could sue for copyright infringement for misuse of astronomical numbers. On second thought, the figures now being bandied about are in the trillions, which no doubt would […]

Ryan Takes the Battle to Obama
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Ryan Takes the Battle to Obama

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The Democrats in the Senate have been fighting a rear guard action, trying to obstruct the House Republicans in their drive for budget reform through a series of continuing resolutions (CRs) which are necessary to keep the federal government in operation during the current fiscal year. Some $10 billion has been cut from that budget […]

The Morality of the Growing Public Debt
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The Morality of the Growing Public Debt

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If we promote the family and the related idea of generosity with life, we have to be concerned with the ability of young couples to form and raise their families. In order to raise children, a family needs a degree of economic stability; and even more it needs a real non-inflationary economic growth that steadily […]

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