“Obama plans to slash deficit in half” is the title of this AP story. The attribution of fiscal responsibility to our current president is rather misleading. Here’s a graph from a Wall Street Journal article of the annual federal budget deficits over the last 30 years. Graph Source: http://online.wsj.com/article/SB123457407865686565.html Bush’s worst deficit was less than $500 […]
We’re taxing successful, competently run businesses to subsidize irresponsible, poorly run businesses. Until we realize this simple fact, the previous trend of increased productivity and standards of living will only be a memory.
Those who say “These are extraordinary times. We can’t afford to worry about the national debt now. We’ll be in a better position to deal with that later.” should check out these projections.