Sustainable Government Archive

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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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 Rest of the Story

By John Lumbard, CFA. Miley Cyrus was scratched by a cat. A man tickled two girls on a playground slide, and he didn’t even know the girls.  TV newsrooms judged that these recent stories were more important than world crises, voter anxiety and rebellion, student debt, or the federal debt. Ah yes,...
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An Irresistible Force

By John Lumbard. In the upper left corner of this page you'll see a pretty little girl wearing a sign saying that she's $38,375 in debt.  That number is now $57,764, if you're willing to use the Enron accounting standards of the federal government, which don't acknowledge that she's carrying liability...
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Debt Is Rising All ‘Round The World

By John Lumbard. Populism sounds like such a friendly and democratic word.  Only the grumpiest blogger would complain about politicians doing things that make them popular ....  Unhappily, the word "populist" has come to mean a politician who promises cash, services, or benefits to voters.  He doesn't offer to pay for these things...
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It’s The Economy, Stupid . . .

By James Schaefer. House Budget Chairman Tom Price just released his draft for the new federal budget (WSJ, Opinion: The GOP's Budget Test, March 18, 2015).  It sets a blueprint for the federal budget in the coming fiscal year, and will reduce federal spending by $5.5 trillion over the coming decade.  If...
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$18 Trillion!!!

    Chinese Citizens Gather In Beijing Square To Watch U.S. National Debt Clock Strike $18 Trillion News in Brief • World • foreign affairs • money • finance • china • News • ISSUE 50•45 • Nov 14, 2014   BEIJING—Celebrating the milestone with hugs, jubilant cheers, and singing, over 600,000 Chinese citizens...
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