Persistent U.S. Federal Budget Deficits

In various posts as well as seen in the “America’s Trojan Horse” discussion, I have discussed various aspects of both the federal deficit and federal debt.  Both of these issues remain highly problematical in many ways.  At the same time, many aspects of the problems and their future implications lack recognition, either partially or fully. … Read morePersistent U.S. Federal Budget Deficits

Four Erroneous Phrases

Over the last few months, four phrases have been used frequently in describing our economic condition.  I find these phrases to be inaccurate and misleading. Here are the four phrases (in italics) and some brief commentary: “the Great Recession” Many people have labeled the economic weakness (ended by the subsequent purported economic recovery) as “the … Read moreFour Erroneous Phrases

Editorial Of Note: “Greece’s Crisis: A Warning To Profligate U.S.?”

On February 10th an editorial by Scott S. Powell appeared in Investor’s Business Daily titled “Greece’s Crisis: A Warning To Profligate U.S.?”  The link can be found here. I am highlighting this editorial as it discusses many important issues, most of which I have previously mentioned on this blog.  As well, it compares our current … Read moreEditorial Of Note: “Greece’s Crisis: A Warning To Profligate U.S.?”

Tax Increases And Our Economic Situation

Lately there has been quite a bit of activity in either increasing or proposing increasing taxes (also increases in fees, fines, etc).  This activity is occurring at all levels, i.e. local, state, and national. These tax increases are very noteworthy given our current period of economic weakness.  I will be addressing various aspects of this in the future. For … Read moreTax Increases And Our Economic Situation

The National Debt and Deficits

John Taylor wrote the following article “Exploding Debt Threatens America”: http://www.ft.com/cms/s/0/71520770-4a2c-11de-8e7e-00144feabdc0.html?nclick_check=1 Although I don’t agree with some of his figures and reasoning, the central point is important:  This debt level is a serious problem. It also illustrates the difficulty of  ridding ourselves of this level of indebtedness.   These issues will likely get greater attention now that sovereign debt … Read moreThe National Debt and Deficits