Tag: Debt

The Ignorance of Our Times

In his August 8, 2016 column, Time to Borrow, economist Paul Krugman asks: “So what should she (Hillary Rodham Clinton) do to boost America’s economy, which is doing better than most of the world but is still falling far short of where it...

Jumping on the Debt Wagon

If you ever wondered why we are in debt up to our eyeballs, it is because we buy many things today with a zero investment in them. “Zero down.”  You can buy cars, furniture, appliances and many advertised products with nothing down and...

Public Debt and Moral Bankruptcy

The American left, led by President Barack Obama, his heir-apparent Hillary Clinton and union/Soros-financed radical social activists, has brought the nation to moral bankruptcy and dangerous racial unrest. If you think this statement is just right...

Our Burgeoning National Debt

The alarming growth of the U.S. Federal Government debt over the past several years is being accompanied by the unsustainable levels of private debt due to the sub-par real growth rate for the last several years. In respect to this dismal...

What Happened to Economic Common Sense?

I can remember the days before refinancing, adjustable rate mortgages, student loans, automobile leasing and multiple credit cards. Sounds like a long time ago but it actually wasn’t that long ago – sometime in the 1960s. Now maybe for some people...

Economic Insanity

What is the definition of insanity? Doing the same thing over and over again and expecting a different result. I can’t believe what I am reading regarding our Presumptive Presidential Candidates – Hillary Clinton and Donald Trump. It is possible to...

Yes, Dorothy, the Cyclone is Heading Our Way

Every politician elected to Congress should be required to take a mandatory course in macroeconomics before he or she can even run for office. The second mandatory change I would propose would be a balanced budget by Congress and the President...

Unhappy Days are Here Again

Not quite the same words that the old Roosevelt song read but the reality of today’s sad situation is that it took 8 years but the Obama administration will leave office with the nation in a severe recession after having spent trillions of dollars...