spending cuts

A Formula for Dealing With the $21 Trillion Federal Debt

by
A Formula for Dealing With the $21 Trillion Federal Debt 1

It is official; the national debt has now exceeded $21 trillion. The tragic news comes just six months after it hit $20 trillion last September 8. This problem is obviously not going away. By voting to suspend the debt ceiling, Congress has allowed the government to borrow as much as it needs until … Read more

Stop the Debt Fire!

by

The continuing debate over the debt ceiling raises matters of such a magnitude that it is easy to be overwhelmed and confused. Everyone can agree that there is obviously something terribly wrong about a nation that must survive by borrowing against its future. Elementary economics teaches us that we cannot live beyond … Read more