Tag: national debt
Don't raise Uncle Sam's credit limit
April 2, 2017 | Post
Once again, the United States government is rapidly approaching a fiscal debt ceiling. After March 16, 2017, Uncle Sam is not legally allowed to borrow any more money to cover its budget deficits, unless Congress votes to raise the debt limit like it has every time in the past. Uncle Sam’s debt has been growing […]
Entitlement reform key to fixing America’s fiscal future
March 18, 2017 | Post
Without substantive entitlement reform, it will be exceedingly difficult to address the country’s long-term fiscal problems, and it will only get harder if needed changes are delayed.
Government Goes into Debt to Help the Poor, Ends up Stealing from Them Instead
June 16, 2016 | Post
We all know government debt is bad for the young. But it’s also bad for the poor. Hurting the Kids to Help the Elderly The well-known political philosopher Loren Lomasky recently reminded us of why debt is bad for the young. We might be able to justify spending now, and borrowing to finance the spending, […]