Debt, debt and more debt: Final Boehner budget blew it sky-high
(BigGovernment.news) In one last parting act of betrayal to small-government types, parents concerned about their children’s future and anyone else who sees the danger our massive national debt poses to the long-term viability of our country, former House Speaker John Boehner of Ohio made sure he aided and abetted the most free-spending president in the history Read More
USA sets economic milestone – $19 trillion national debt record
President Barack Obama has managed to set another milestone during his tenure: He has presided over the greatest accumulation of government debt in the history of the country. What’s more, with help from a spendthrift Congress, his record of excess is only going to go higher. As reported by The Blaze, the national debt has Read More
Waste not, want not: Report exposes hundreds of BILLIONS every year in duplicate govt. spending
(BigGovernment.news) There is no better entity on the face of the planet for wasting valuable taxpayer resources than the U.S. government, as a recently released report proves yet again. In fact, the government wastes hundreds of billions a year on duplicate spending, even as Congress and the president rack up trillions in debt and turn tone-deaf ears Read More
It’s time for a balanced budget amendment
[BigGovernment.news] I’ve long made a joke that credit cards are evil. But that’s not true. When a person who is responsible with their money uses a credit card responsibly, credit cards are not evil at all. Try renting a car or making a hotel reservation without a credit card. Credit cards also offer a level Read More
What happens if we’ve run out of cash?
During the Great Depression, people would pay for services with food because they had no money and no credit. The situation was so bad that in some areas of the country, local governments issued their own currencies called depression scrip. The scrip were often pieces of paper used as money because government currency was nowhere to be seen. Read More
Trillion-dollar deficits on the horizon, experts warn worst is yet to come
Experts warn that the economy will revert to swelling deficits and unsustainable debt by 2018 as government spending swells. “The growth in debt is not sustainable,” said Keith Hall, Director of the Congressional Budget Office. “At some point, it’s going to get to a very high level. Obviously, you can’t predict tipping points, but at Read More
