Can we inflate the debt away?

By Robert Romano After a brief slowdown in fiscal year 2013 that ended September 30 — when the national debt grew “only” by $671.9 billion at a 4.18 percent rate — 2014 is shaping up to be another year awash in red ink. So far, since October 1, the debt has skyrocketed another $537.9 billion. And we’re not even halfway […]

10.25.2013 in Economy, Featured, Government Spending, Misguided Economics by Rick Manning 1

A time for debt vigilance

By Rick Manning Ten years ago, the national debt was an astounding 6.8 trillion dollars, fifteen years ago, it was 5.5 trillion and twenty years ago, it was 4.4 trillion.  After all the accounting tricks ended, the 2013 fiscal year ended with just over a 17 trillion dollar national debt.   Figure 1: National debt growth from 1993 – 2013, […]

National Debt jumps $328 billion after debt ceiling lifted

By Tom Toth President Obama claimed that lifting the debt ceiling did not cause increased indebtedness, and while this is technically true, not even the prince of prevarication himself could claim that the day after the debt ceiling was lifted, the national debt jumped by $328 billion. This jump answers the question that had bothered many debt watchers – how […]

Jack Lew is a terrible choice for Treasury

Jacob “Jack” Lew, Obama’s choice to replace Timothy Geithner as the Secretary of the Treasury, is a terrible choice for a department that has such a powerful role in the national debt. As Obama’s budget director, he has been entirely unsuccessful in drafting budgets that take any step towards lowering the debt. Further, the two budgets he was responsible for […]

09.28.2012 in Elections 2012, Politics by Rick Manning 1

Obama ads continue debt lie

NRD Editor’s Note: This column originally appeared at TheHill.com. By Rick Manning — Sen. Jeff Sessions (Ala.), the ranking Republican on the Senate Budget Committee, explains in better terms than I can muster why Obama’s campaign claim that his budget plan would pay down the debt is 10 Pinocchios false. Here’s what Sessions said recently in the weekly Republican address: […]

07.31.2012 in Economy, Featured, Federal Reserve, Government Spending by Bill Wilson 3

Will a black September lead to QE3?

By Bill Wilson — Sep. 2012 looks to be an interesting month, with a confluence of factors that pose considerable downside risks not just for the U.S., but the global economy — any of which could send us, with anemic growth of just 1.5 percent for the second quarter, right back into a tailspin. They also make further quantitative easing, […]

06.13.2012 in ALG Videos, Media by Frank McCaffrey 0

After Five Years Of Economic Turbulence, We Look Back At Five Years Of Poor Leadership

By Frank McCaffrey — The last five years have featured a recession, bailouts, a boom in national debt and a feeling of hopelessness. It’s seemed as if our leaders have only made it worse. Check out this collection of statements from recent years.

Obama’s imaginary multiplier

By Bill Wilson — As the global financial crisis has spread from defaulting mortgages, to crashing mortgage-backed securities, to interbank contagion, to then a full-blown sovereign debt crisis, the  apologists for the Keynesian order have pretty much had their way  in responding to the economic fallout. They gave us the Troubled Asset Relief Program (TARP), trillions of dollars of bank […]

Debt officially larger than the economy

By Robert Romano — Feb. 9, 2012. You can put it in the history books now. That was the day the $15.6 trillion national debt surpassed 100 percent of the $15.4 trillion Gross Domestic Product (GDP). Based on the latest data by the Bureau of Economic Analysis, the economy just grew by $142.2 billion in the first quarter, or an […]

All debt is future taxes

Please check out the latest infographic from the RSC:

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