Posts Tagged ‘government debt’

House Rejects Raising National Debt Ceiling from $14.3 to $16.7 Trillion


Saturday June 4th, 2011   •   Posted by David Theroux at 7:01pm PDT   •   3 Comments

In the Washington Post, Lori Montgomery and Paul Kane report that with strong public support and White House opposition, the “House rejects proposal to raise debt ceiling” by voting down a measure that would raise the national debt ceiling by 16.8% from the current $14.3 trillion to a whopping $16.7 trillion. With an August…
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In a new agreement reported by William Boston in the Wall Street Journal, “Want to Buy a Piece of a Greek Island?”, the government of Greece is taking steps to sell off and privatize a small amount of its enormous holdings of government-owned property. Will this properly begin the process of divesting to the…
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Social Security is a Sinking Ship


Friday February 4th, 2011   •   Posted by Emily Skarbek at 11:05am PST   •   3 Comments

A wonderful graphic by Third Way is available here showing the path of Social Security towards insolvency. Jim Kessler and David Kendall advocate: “a ‘Savings-Led’ Social Security reform plan that actually increases the programís progressivity. Our plan makes roughly two dollars in benefit reductions for every one dollar in revenue increases, and achieves solvency…
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The Lessons of History


Thursday December 30th, 2010   •   Posted by Craig Eyermann at 8:15am PST   •   2 Comments

Now that we’re almost to the end of the year, where many look back at the previous twelve months to find lessons to learn and apply in making their New Year’s resolutions, what can we learn from history where the U.S. national debt is involved? Quite a lot actually, as Arnold Kling recently did…
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Closing the Books on the Worst Congress


Sunday December 26th, 2010   •   Posted by David Theroux at 8:37pm PST   •   1 Comment

In a new editorial in the Washington Examiner, “Closing the books on the worst Congress,” the 111th U.S. Congress is described as “reckless and destructive.” This is the Congress that passed Obamacare, against the wishes of a substantial majority of the public, on Christmas Eve of last year. In the dead of night, Democratic…
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