An article in the Wall Street Journal today again reminds us of the real U.S. debt — and the real financial burden NC imposes on taxpayers. To look at NC, let’s turn to a study earlier this year from the Institute for Truth in Accounting. It analyzed the real financial liabilities of all the states, [...]
If the president takes you to lunch, expect to pay
While commemorating Father’s Day by eating a celebratory lunch with two members of the military and two barbers (quite the combination), a peculiar thing happened to the President. According to a news report, Obama enjoyed a meal of pork ribs, collard greens, red beans and rice and cornbread. I wonder if Michelle had counted the [...]
It’s the Spending, Stupid
In this new video (just under 3 minutes in length) made by the Learn Liberty project of the Institute for Humane Studies, economist Antony Davies breaks down the national debt and makes the case that the debt is the result of a spending, not a revenue, problem. Davies clearly makes the case, presents the data, [...]
Hello My Name is Barack Obama, and I’m a Spendaholic
The Heritage Foundation’s Brian Riedl has this lengthy summary of President Obama’s budget in the Wall Street Journal. An excerpt: When he released his new budget proposal on February 1, President Barack Obama asserted that the government “simply cannot continue to spend as if deficits don’t have consequences; as if waste doesn’t matter; as if [...]
