Another Year, Another Trillion

The federal debt has crossed $22 trillion. That's $67,278 per American, including babies---and a rapidly-growing population of elderly citizens who receive checks from the government but no longer pay FICA. Their lifelong contributions to Social Security and Medicare were spent during their working years, and all that's left...
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A Balanced Budget Amendment to the Constitution

If we were to  pass a balanced-budget amendment to the Constitution ("BBA"), the federal debt would still go up each year.  Congress has a bagful of tricks that it uses to skirt any form of discipline, from "off-budget" spending to the cleverness of the  "Unified Budget" (which effectively seized the...
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Interest

Average student loan debt in New Hampshire is more than $33,000, and the national total is now $1.5 trillion.   But it's those same young college graduates who will bear the burden of our national debt, now $21 trillion, up from just $2.5 trillion in 1988.  The debt doubled to $5...
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Your Future

A few weeks ago the debt passed 21 TRILLION DOLLARS, but I was out to lunch with the rest of America.  Pollsters say that hardly anybody cares about the debt any more.  Deficits stimulate the economy, right?  Doesn't that mean jobs? Ummm, that sort of "stimulus" is a dubious way to try...
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It Wouldn’t Cost Anything At All

The United States spends as much government money on health care as do the socialized health care systems of Europe.  States and our federal government now spend nearly two trillion dollars a year on health care.  That’s more, as a % of GDP, than Canada and the U.K. spend on...
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Fairness

The rising cost of health care is driving more and more citizens into Medicaid, the program for the poor. Medicaid, in turn, drives up the cost of health care by under-paying doctors. HealthAffairs.org says that it doesn’t even pay half of the discount price that your insurance company would pay. A...
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$20 Trillion!

The federal debt is now larger than Twenty Trillion Dollars.  That's $124,000 per American, if you're counting just the younger half of the population. The older half of the population has benefited from the growth of the debt---we paid lower taxes and got more services, for decades---and we won't have...
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Facts and Figures

The debt-clock number you see in the upper-right-hand corner of this page is the federal debt, according to conventional accounting.  You can make it look smaller by counting only the debt that the government owes to the public, and not the debt (held by the Federal Reserve and the "trust...
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Welfare for The Middle Class

  “The U.S. program that pays elderly Americans’ hospital bills will exhaust reserves in 2028, two years sooner than last year’s estimate, trustees of the program said on Wednesday.” -- Reuters. In 2015 the federal government collected an all-time record of $3.25 trillion in taxes.  According to the White House Budget Office (see table...
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The War On Poverty

“The official poverty rate in the United States, defined as lacking resources for life's basic needs, was 19% in 1964. It had fallen to 12.1% by 1969, the year Johnson left office. Last year, it stood at 15%.” -- USA Today. ... What would a victory in the War on Poverty look like? ...
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