New York Post, September 5, 2023 The media is finally waking up to the sham stats behind Biden’s economy boasts by James Bovard How could Washington’s “best and brightest” be so clueless for so long? After perennially and uncritically repeating President Biden’s false claims about cutting the federal budget deficit, The Washington Post admitted Sunday […]
According to the last public opinion poll, the trust of Lithuanian residents in the National Armed Forces is continuously growing, and NATO membership is viewed in a highly positive light. The more so, it states that 88% of respondents support allied presence on the territory of Lithuania. It should be said, that the last report published […]
NEW YORK — On the afternoon of December 31, 1999, I boarded a flight from Chicago O’Hare airport for San Francisco International and found myself seated next to a bear of a man, who, at 6 feet 6 inches tall, and more than 300 pounds, squeezed into the middle seat of an emergency row. His unkempt sandy blonde beard contrasted with a ratty, tent-sized red plaid shirt. As we hit cruising altitude, he introduced himself as “Gary” and began to tell me his life’s story.
Goldman Sachs expressed its concern over the matter of the continuing huge budget overruns the United States Government amasses every year. CNBC reported that Jan Hatzius the chief economist at Goldman, predicted the annual budget deficit rising to over $2 TRILLION by 2018, an amount that is projected to be about seven percent of the Gross Domestic Product (GDP) for that year.
He further noted:
Mark my words, America’s war spending will bankrupt the nation. For that matter, America’s war spending has already bankrupted the nation to the tune of more than $20 trillion dollars.
While tax experts continue to exclaim with horror as they sift through the “legislative monstrosity” Republicans rammed through the Senate last week, Sens. Elizabeth Warren (D-Mass.) and Bernie Sanders (I-Vt.) on Wednesday hosted a Facebook live event aimed at detailing the next steps in the fight against both the GOP’s tax plan and the party’s broader economic agenda.
Politicians who exist to spend. If the money's there, they'll spend it. What ultimately powers spending and borrowing is the wealth of the citizenry that sadly gifts politicians with surging revenue streams that enable endless spending and borrowing. Rich countries can borrow, and they do. The fix is constitutionally limited government. Always.
Wouldn’t it be a nice change to see Republicans promote tax relief that penalizes American workers less while also reining in politicians?
