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US debt

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3.4 “VAT” Until We’re Debt Free

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All the measures we’ve discussed up until now: tax reform, entitlement reform and adjustments to military spending, are urgent and necessary in order to bring the Federal budget in balance or slight surplus. But even if we were to balance the budget tomorrow, the American public would still have 15 trillion dollars in national debt. […]

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Supercommittee kicks the can on down the road…

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Not to be outdone in stupidity and intransigence by European leaders, the members of the bipartisan Supercommittee officially admitted their failure to reach an agreement to trim $1.2 trillion from the national debt in 10 years. This comes as no surprise to anyone who had followed the press releases of the committee’s deliberations over the […]

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“Our obligations to our country never cease but with our lives.“

John Adams

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