Category Archives: Budget Deficit

George Will, increasingly intelligent

“I’ve lived in Washington now for 44 years, and that’s a lot of folly to witness up close,” says Washington Post columnist George Will. “Whatever confidence and optimism I felt towards the central government when I got here on January … Continue reading

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Stock market near all time high…so is money supply

(Freakonomics) U.S. stock markets* are flirting with all-time highs (it may happen today) but I am hearing and reading very little about it. Why is that? I can think of a few possible reasons, and am eager to hear yours. … Continue reading

2007-08 Crisis, Austrian School, Budget Deficit, Bureaucracy, Capitalism, Competition, Complexity, Currency, Current Events, Economic Policy, Economic Theory, Free Market, Frontier Thesis, Game Theory, Inflation, Interdependency, Motivation, National Debt, Taxes, Wealth, Welfare Statism, Zero-sum | Leave a comment

The Fiscal Cliff blame game

(Cafe Hayek) If you only read the Washington Post and certain bloggers, the Republicans are to blame if we go over the fiscal cliff. They’re unwilling to compromise–they refuse to raise taxes and only want spending cuts. Compromise is a … Continue reading

Budget Deficit, Bureaucracy, Closed System, Competition, Consumerism, Culture Divide, Current Events, Debt Ceiling, Economic Policy, Federal Budget, Interdependency, Keynesianism, Marxism, Motivation, National Debt, Perpetuity, Political Theory, Public Choice Theory, Wealth, Welfare Statism, Zero-sum | Leave a comment

When in the Course of human events…

In the wake of the latest election, several states have petitioned the White House to peacefully secede from the United States. Sometimes, that is all that seems to be left in a system that is overgrown and overbearing. The US … Continue reading

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The irony of choice

(Mark Steyn) So this is America’s best and brightest – or, at any rate, most expensively credentialed. Sandra Fluke has been blessed with a quarter-million dollars of elite education, and, on the evidence of Wednesday night, is entirely incapable of … Continue reading

2007-08 Crisis, Autarchy, Budget Deficit, Bureaucracy, Capitalism, Closed System, Competition, Culture Divide, Current Events, Debt Ceiling, Economic Policy, Economic Theory, Education, Federal Budget, Free Market, Interdependency, Keynesianism, Legal Theory, Marxism, Motivation, National Debt, Perpetuity, Political Theory, Specialism, Systems Theory, Welfare Statism, Zero-sum | Leave a comment

American exceptionalism pronounced at Republican National Convention

Transcript: When the Supreme Court upheld Obamacare, the first words out of my mouth were: I still think it is unconstitutional! The leftwing blogs were merciless. Even my wife said — can’t you pleeeease count to ten before you speak? … Continue reading

2007-08 Crisis, Austrian School, Autarchy, Budget Deficit, Bureaucracy, Capitalism, Closed System, Competition, Complexity, Culture Divide, Currency, Current Events, Debt Ceiling, Federal Budget, Free Market, Inspiration, Interdependency, Motivation, National Debt, Political Theory, Polycentrism, Self-Government, Self-Rule, Solutions, Systems Theory, Taxes, Trade, Wealth, Welfare Statism | Leave a comment

Greece–a portent of things to come?

Moodys Investors Service considers Greece to have defaulted per its default definitions. The announcement comes despite Athens reaching a deal with private creditors for a bond exchange that will shave €107 billion from its €350 billion debt. The agency pointed … Continue reading

Budget Deficit, Capitalism, Competition, Complexity, Consumerism, Currency, Current Events, Debt Ceiling, Economic Policy, Euro Crisis, Federal Budget, Foreign Aid, Free Market, Inflation, Interdependency, Keynesianism, Marxism, Motivation, Perpetuity, Political Theory, Poverty, Public Choice Theory, Systems Theory, Welfare Statism | Leave a comment

Signs of a new de-urbanization?

After the fall of the Roman Empire in the 5th century, a great de-urbanization took place when city dwellers realized that the centralized system was unreliable and even dangerous. Smaller, local bands arose to meet the needs formerly promised by … Continue reading

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The bane of representative government

(Reuters) Lawmakers abandoned their high-profile effort to rein in the country’s ballooning debt on Monday in a sign that Washington likely will not be able to resolve a dispute over taxes and spending until 2013. This whole procedure brings to … Continue reading

2007-08 Crisis, Budget Deficit, Closed System, Competition, Complexity, Culture Divide, Current Events, Debt Ceiling, Federal Budget, Keynesianism, Perpetuity, Political Theory, Public Choice Theory, Systems Theory, Welfare Statism | Leave a comment

Why would people want to raise taxes but not be willing to donate to the treasury?

Washington — Two dozen “patriotic millionaires” traveled to the Capitol on Wednesday to demand that Congress raise taxes on wealthy Americans. The Daily Caller attended their press conference with an iPad, which displayed the Treasury Department’s donation page, to find … Continue reading

Austrian School, Budget Deficit, Capitalism, Culture Divide, Current Events, Economic Policy, Game Theory, Keynesianism, Marxism, Motivation, National Debt, Political Theory, Systems Theory, Wealth, Welfare Statism, Zero-sum | Leave a comment

Does forgiving debt reduce economic stress?

(Christian Science Monitor) President Obama on Wednesday is launching a new plan to lower the cost of paying back student loans for millions of borrowers – the latest installment in his bid to move a jobs agenda that bypasses a … Continue reading

Budget Deficit, Complexity, Current Events, Debt Ceiling, Economic Policy, Federal Budget, George Mason School, Interdependency, Keynesianism, Motivation, National Debt, Perpetuity, Political Theory, Public Choice Theory, Systems Theory, Welfare Statism, Zero-sum | Leave a comment

I could be wrong, but I’m not

Part of the 99%: Part of the 53%:

2007-08 Crisis, Autarchy, Budget Deficit, Closed System, Competition, Complexity, Culture Divide, Current Events, Economic Policy, Economic Theory, Federal Budget, Inflation, Interdependency, Keynesianism, Marxism, Motivation, National Debt, Perpetuity, Political Theory, Poverty, Resources, Self-Reliance, Self-Sufficiency, Sociology, Systems Theory, Wealth, Welfare Statism, Zero-sum | Leave a comment

The debt debate goes back long before Nov. 2010

(Reuters) – White House and congressional negotiators are racing against the clock to forge a deficit reduction deal that would clear the way for Congress to raise the $14.3 trillion U.S. debt ceiling by Aug. 2 and avert an unprecedented … Continue reading

2007-08 Crisis, Austrian School, Budget Deficit, Culture Divide, Current Events, Debt Ceiling, Economic Policy, Federal Budget, Interdependency, Keynesianism, National Debt, Public Choice Theory | Leave a comment

The debt ceiling as a perpetual soufflé

As Veronique de Rugy explains, the debt ceiling was initiated in the U.S. in 1917 as a way to ensure responsibility in congress. Since then, government has raised it nearly 100 times. In the last ten years, they have raised … Continue reading

Budget Deficit, Closed System, Current Events, Debt Ceiling, Economic Policy, Economic Theory, Federal Budget, George Mason School, Inflation, Interdependency, National Debt, Perpetuity, Public Choice Theory | Leave a comment

This may bring my presidency down, but I will not yield on this.

President Barack Obama on the negotiations for short term extension of the debt ceiling. (Dow Jones)- President Barack Obama threatened to veto any short- term extension of the debt ceiling, according to several Democratic congressional aides, in what was described … Continue reading

Budget Deficit, Culture Divide, Current Events, Debt Ceiling, Economic Policy, Federal Budget, National Debt, Perpetuity | Leave a comment

Why stop at the 51st state?

An interesting, albeit daunting, prospect has recently received some momentum in Southern California–one that would make several of its counties its own state. (Christian Science Monitor) Thirteen mostly conservative California counties would break away to create a 51st state known … Continue reading

Autarchy, Budget Deficit, Closed System, Competition, Culture Divide, Current Events, Free Land, Frontier Thesis, Interdependency, Political Theory, Polycentrism, Self-Government, Self-Reliance, Self-Rule, Self-Sufficiency, Solutions, Specialism, Trade | Leave a comment

Planned economy or planned destruction?

The more things change, the more they stay the same. This cartoon was published in the Chicago Tribune in 1934.

Budget Deficit, Current Events, Debt Ceiling, Economic Policy, Federal Budget, Inflation, Inspiration, Keynesianism, Motivation, National Debt, Perpetuity, Political Theory | Leave a comment

What will it take to save the American Dream?

(The Heritage Foundation) Saving the American Dream is The Heritage Foundation’s plan to fix the debt, cut spending and, above all, restore prosperity. It balances the nation’s budget within a decade—and keeps it balanced. It reduces the debt and cuts … Continue reading

Budget Deficit, Current Events, Debt Ceiling, Economic Policy, Federal Budget, Inflation, National Debt, Solutions | Leave a comment

The remedy for Fox and CNN

Beck Bennett charges America’s Youth with the challenge of dissecting the big issues and news and politics.

2007-08 Crisis, Budget Deficit, Current Events, Debt Ceiling, Economic Policy, Federal Budget, Keynesianism, National Debt, Sociology, Wealth | Leave a comment

Death of the Dollar?

(Money Morning) At 12:15 p.m. April 27, at the conclusion of a two-day Federal Open Market Committee (FOMC) meeting, we’ll find out whether U.S. Federal Reserve Chairman Ben S. Bernanke and his policymaking posse opted for a sharp increase in … Continue reading

Budget Deficit, Current Events, Inflation, Keynesianism, National Debt | Leave a comment