What to do About the National Debt

Brian Riedl for Prager University discusses the national debt – the fact that every year, like clockwork, it continues to grow.

No matter who is in the White House or who controls Congress and the Senate doesn’t seem to matter at all. Deficit spending continues to grow and the national debt continues to balloon.

And no one seems to care. read more

On Spending – the Republicans are the Democrats

Fiscally speaking, we conservatives have for years been saying there’s not a dime’s difference between the two parties. Well, here’s further proof.

from Conservative Review:

The bipartisan spending binge is now worse than under Bush and Obama

We’re now $22 trillion in debt, yet despite all that red ink, the Mexican cartels have control of our border and we’re not one bit closer to spending money on our own security. We’ve gone into deep debt for everything except the core function of the federal government. read more

Janet Yellen sees Nothing Wrong with Massive Entitlement Spending

by: Brent Smith at the Common Constitutionalist

Scroll Down for Audio Version

In 2015, about 65% of the entire federal budget of $3.8 trillion was spent on entitlements like Social Security, Medicare, Medicaid, housing assistance, and such. But this can’t possibly be the cause of the national debt and permanent deficit spending. No – of course not. It’s the Trump tax cuts that are killing us. The fact that they’re only months old is completely immaterial.

The socialist Nanny-State has been constructed over a period of about 80 years, where as tax cuts have been few and far between, happening only four times since JFK initiated the first. Yet are we expected to believe that it is not entitlements which are blowing up the budget, but tax cuts.

Now what idiot would believe such a thing? Unfortunately, considering the source of the claim, many will tend to believe such a ridiculous assertion.

And the source is none other than Janet Yellen, former Chief of the Federal Reserve. She also served as Chair of President Bill Clinton’s Council of Economic Advisers – so she’s got that going for her. read more

Right and Left Just Keep on Spending

from Rand Paul for the Washington Examiner:

Sen. Rand Paul: The debt and the decline of empire

I ran into a couple of GOP senators the other day. They were talking about the fall of the Roman Empire (who knew senators might actually discuss history?). One senator made the point that Rome’s fall corresponded with a loss of values, which of course has some merit. But that’s missing the bigger picture. I responded that perhaps their decline had something to do with being overextended militarily, knowing that they would likely reject this point since it might imply that the United States, also, might be faced with the same future.

History certainly has lessons, but it’s amazing that after 2,000 years we still draw different conclusions. I couldn’t resist to jab them a little: “You know our own decline will ultimately come when we can’t manage our debt.”

read more

Podcast – Global Debt at Record Level – Smartphones can Damage the Neck and Back

The world is teetering on the edge of a global financial meltdown. That’s a bit of a downer, isn’t it? But unfortunately it’s true. Global debt has risen to a new record of $217 trillion. That’s almost a quarter of a quadrillion – an unimaginable number. Even worse – it may be too late to fix it.

Smartphone users may be affecting the long term health of our necks and backs due to protracted use of smartphones while walking. And it also makes all look like 80 years olds – shuffling down the street, trying to avoid running into, or falling into something. read more

Look for Honest Economic Reporting to Begin Again

by: the Common Constitutionalist

No Audio Version

2017 will prove to be a very interesting year. Oh sure, Trump’s first 100 days will be chock full of excitement, controversy and consternation. But we should also look forward to, or be prepared for reports from the left on a whole host of issues that have gone unreported or misreported for eight long years.

All of the sudden we should begin to see some honest reporting, now that they will no longer need to shield the public from the folly which has been the Obama presidency and the Obama economy.

Isn’t it funny that Janet Yellen and the Federal Open Market Committee (FOMC) have decided now to begin raising interest rates. In the eight years of the booming Obama economic recovery, this is only the second interest hike. The first was a year ago, almost to the day, and that was the first since 2006. And one could easily argue that this last hike of 0.25% is barely on Obama’s watch, as it will have no effect on his presidency.

But they had no where else to go but up. Not that I’m a fan of rate hikes, but prior to last years pitiful 0.25% hike, the Fed’s interest rate had been at 0.0% for the previous seven years, when the FOMC knocked it down to zero in December 2008. read more

Are “Lawmakers” Pro-American?

The least dispiriting moment of another grim week in Washington was the sight  of ornery veterans tearing down the Barrycades around the war memorials on the  National Mall, dragging them up the street and dumping them outside the White  House. This was, as Kevin Williamson wrote at National Review, “as excellent a  gesture of the American spirit as our increasingly docile nation has seen in  years.”

Indeed. The wounded vet with two artificial legs balancing the Barrycade on  his Segway was especially impressive. It would have been even better had these  disgruntled citizens neatly lined up the Barrycades across the front of the  White House and round the sides, symbolically Barrycading him in as punishment  for Barrycading them out.

But, in a town where an unarmed woman can be left a bullet-riddled corpse  merely for driving too near His Benign Majesty’s palace and nobody seems to  care, one appreciates a certain caution. read more

To the Moon

The country’s national debt is now so high,  over $16.7 trillion, that if the figure was converted into $5 bills it would  stretch almost to the moon.

According to the latest available data  from  the U.S. Treasury, the total public debt outstanding is  $16,738,105,803,858.21,  while the distance between the earth and the  moon is 238,857 miles.

Since President Obama took office the figure  has increased by more than $6 trillion, the largest increase to date under any  U.S. president.

A graphic representation of how far the U.S. national debt would reach to the moon if pile up in $5 bills - 2013 vs 1981
A graphic representation of how far the U.S. national  debt would reach to the moon if pile up in $5 bills – 2013 vs 1981
During the eight-year presidency of George W.  Bush, the debt soared by $4.9 trillion.

On January 20, 2009, the day President Obama  took office, the debt stood  at $10.626 trillion. The latest posting reflects an  increase of over $6  trillion.

The current national debt figure is also the  highest since the end of the second world war. Every man, woman and child in the  U.S. currently owes $55,091 for their share of the U.S. public debt.

Of the $5.1 trillion dollars of debt owned by  foreign governments, nearly half is owned by China and Japan.

In 1981, President Ronald Reagan famously  said that a stack of $1,000  bills equivalent to the U.S. government’s debt  would be about 67 miles  high. In $5  bills that would only have reach 13,400 miles.

 Under President Obama the debt has increased more than  $6 trillion, while President Bush added $4.9 trillion


  • The national debt currently stands at  $16,738,105,803,858.21
  • A dollar bill is .0043 inches in  thickness
  • $16,738,105,803,858.21 multiplied by .0043  equals 71,973,854,956.59 inches
  • 71,973,854,956.59 divided by 12 is  5,997,821,246.38 feet
  • A mile is 5,280 feet in length
  • In $1 bills the national debt would stretch  1,135,951 miles into the air
  • In $5 bills that equates to 227,190  miles
  • The Earth is 238,855 miles from the  moon
  • Difference 11,665 miles

Source: CNSNews.com

Attribution: Mail Online

Is Fed Now Making Its Next Big Mistake?

Ben Bernanke has a message for Wall Street  and Main Street: Don’t worry, expect no big changes in Fed policy — unless the  economy changes in a major way. Don’t hold your breath.

No question, the nation’s top banker has a tough job convincing investors,  producers and lawmakers he’s doing the right thing for the economy. The problem  is, the Fed has a long track record of making big mistakes, but often doesn’t  know until years later.

And it might be making one now.

While some speak of the Fed’s “success,” holding interest rates at zero and  buying $85 billion a month in Treasuries — the Fed now owns more than $3.5  trillion in U.S. debt, up from $900 billion just a few years ago — this hasn’t  brought us a normal economic recovery.

Indeed, despite the incredible stimulus, inflation remains below the Fed’s 2%  target. GDP growth is averaging an anemic 1.7% in the past year.

All told, the economy is just 3% bigger than at the end of 2007, when the  recession began. By comparison, in a normal recovery GDP is usually up 16% or  more this far into a recovery.

Unemployment of 7.6% isn’t close to satisfactory. And since last year all of  the net U.S. jobs created have been part-time positions; it’s obvious we’re in  an unprecedented employment crisis.

Continue Reading

Food Stamp Advertising

Senate Democrats Endorse Continued Advertising of Food Stamps in Mexico

Are things not  good for you and your family in Mexico? Come on! Cross the border and we will  fix that. We are roughly 17 trillion in debt but as long as there are  printing presses, monopoly money and socialist idealism we will feed you.

Enough is  enough. If people cannot see the real agenda of the socialist movement in  America then they are more than ignorant. They are just plain stupid. I’m sorry  but certain things make no sense.

On Thursday  there was a proposed amendment sponsored by Senate Republican Jeff Sessions of  Alabama. The amendment never made it out of committee and if a common sense idea  doesn’t make it out of committee, it doesn’t exist in this country, at least in  the eyes of the mainstream liberal media. I am neither a journalist nor a  liberal so I will certainly share it with you.

Sessions offered  a common sense proposal to cut off advertising for the food stamp program on  foreign soil. OK now, show of hands… How many people even know that we  advertise our government benefits in foreign countries? What I am about  to tell you is exactly why you cannot trust anything the left proposes for  immigration reform.

Continue Reading