How Broke Is the Federal Government? It’s Penniless!
The federal government’s financial report shows it is de facto bankrupt, with assets of $4.9 trillion and expenses and debts of $40 trillion.
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Shrink Your Bloated Government With This One Easy Trick
It’s time for Congress and the president to recognize they have a spending addiction. It is time also for our government to recognize it is incapable of managing the nation’s finances. In Fiscal Year 2022, the United States collected $4.8 trillion in revenue and spent $6.32 trillion. Our federal government spent $1.47 trillion more in…
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Yes, Virginia, The Federal Government is the Real Santa Claus
The Christmas season is a time of giving. Young children sit on Santa’s knee and provide him with a list of presents for under the tree. While it’s rewarding to see children happy with gifts, there is a dark downside to their expectations. Children grow up to be businessmen and women or social activists and…
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Republicans Win the House. It’s Time to Honor their Commitment to America
Dear Republicans, the talking heads and the pollsters were very wrong about the definite red wave. Fortunately, you won control of the House of Representatives by a few seats. It will be a trying time since the loudest voices will seek retribution against Democrats through much-needed investigations. Undertake a few very well-structured investigations to expose…
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Reducing National Debt by Trillions with a 5-Step Diet
Americans are obsessed with weight loss, but generally, they are getting heavier each year. The same is true for an obese federal budget. Congress pontificates about reducing its massive national debt of $30 trillion, but each year it gets bigger. Diet books don’t help one lose weight. Only by reducing food intake can weight be…
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$30 Trillion National Debt is an Unjust Law to Our Children
Welcome to 2022, the year the U.S. exceeds $30 trillion in National Debt. While the federal government and most citizens simply ignore it, some young person somewhere in the U.S., must be asking who will pay off the massive debt run up by the current generation. Certainly, that is not a discussion within my generation….
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Who Pays When the US Government Defaults On its Debt?
The Biden Administration and the Federal Reserve somehow believe the national debt does not matter. The spin is that spending keeps the economy growing as long as the credit card can be paid off in U.S. dollars, so why worry? The federal government truly treats Americans as 328 million “suckers.” Unfortunately, reality will hit when…
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I’ll Take My Share of the Money, Now! MMT Part II
How much money can our government give away and still remain viable? How much money can Americans spend without being tired of spending? How many subsidies is the business community willing to accept without recognizing its addiction to socialism? So far, the federal government, under the guise of Covid relief, has passed five laws that…
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Are We Proving Ben Franklin Right by Voting Ourselves Money?
Benjamin Franklin prophetically stated, “When the people find that they can vote themselves money, that will herald the end of the republic.” Polls establish a large majority of Americans certainly support the federal government spreading money to all who want it, all who apply for it, and all the businesses using the Federal Reserve as…
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Is Socialism Acceptable Under the US Constitution?
Socialism, a political/economic theory advocating government ownership or regulation of the means production, distribution and exchange. Citizens reject socialism, but with the coronavirus crisis, they increasingly support universal health care (45%-41%) and are now almost split on providing citizens a basic level of income support (40%- 43%). Both political parties spend and regulate as if…
