By Randall Holcombe | Thursday December 2, 2010 at 7:20 AM PST | 2 Comments
Even President Obama, the architect of our $1.4 trillion deficit, sees that it is a problem. One indication is his call for a two-year pay freeze for federal workers. (This seems like a tactical error, in that it will have hardly any actual effect on the deficit, and will antagonize federal workers, who would...
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Tags: Bernanke, Budget and Tax Policy, Deficit Reduction Commission, Economics, Federal Reserve, federal workers, government borrowing, Humor, Money and Banking, Obama, Politics, The State, Treasury securities, Video, YouTube
By William Shughart | at 5:36 AM PST | 3 Comments
A Fox News report broadcast on November 28 supplies means of stanching the unprecedented effusion of budgetary red ink overseen by presidents George W. Bush and Barack Obama. In that report, talking-head Chris Wallace interviewed Jeffrey Post, curator of the gem and mineral collection at the Smithsonian Institution’s Museum of Natural History. The story...
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Tags: Budget and Tax Policy, budget deficit, federal spending, George W. Bush, Hope Diamond, National Debt, Obama