Tag: federal debt
“The Biggest Threat We Have to Our National Security Is Our Debt”
Says Admiral Mike Mullen, Chairman of the Joint Chiefs of Staff. Mullen notes that within two years the annual interest on the debt will be almost as much as the bloated annual Department of Defense Budget of $700 billion. Well said. Even better if Mullen would have pointed out that the debt is only...
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Homebuyer Tax Credit: Debt Financed Public Policy
As expected by many economists, the Homebuyer Tax Credit did little to nothing to encourage new home purchases and only shifted the purchase of new homes from May to April. Howard Gleckman over at the Tax Policy Center reports on the waste and fraud afforded by deficit financed public policy of this sort, noting...
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Anti-Big-Government DC Demonstration Draws Huge Crowd: “Don’t Tread on Me”
According to ABC News, Washington D.C. police initially estimated that a crowd of 60-70,000 people traveled from across the U.S. to participate in a massive demonstration (in the rain) not just against ObamaCare but the overall, huge explosion of federal power, spending and debt. Updated estimates (see London Daily Mail and San Francisco Examiner)...
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