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Courage and Wisdom on the Debt Commission:   Economist Alice Rivlin and Senator Tom Coburn Make Statements

Courage and Wisdom on the Debt Commission: Economist Alice Rivlin and Senator Tom Coburn Make Statements

Precious little about the way American “leaders” are facing the looming fiscal catastrophe inspires confidence.  The very fact that a commission was established to disarm our ticking debt bomb is itself a retreat from legislative responsibility.  And our our legislators, ...Read more

“Something the Founding Fathers Never Expected”

“Something the Founding Fathers Never Expected”

The Fiscal Solutions Tour led by David Walker, former US Comptroller General, drove in to Portsmouth, NH, for a group breakfast this morning.  The event was sponsored by the Concord Coalition, a flock of fiscal hawks launched in 1992 by ...Read more

When a Bull’s Eye is a Badge of Courage:  Congressman Ryan and His Roadmap for America

When a Bull’s Eye is a Badge of Courage: Congressman Ryan and His Roadmap for America

President Obama submitted a budget earlier this year that includes soaring debt and deficits that even White House Director of Management and Budget Peter Orszag admitted are “unsustainable.”   Perhaps not wanting to showcase an equally irresponsible budget, Congress is not ...Read more

Congressional Democrats to Bail on Budget for 2011

Congressional Democrats to Bail on Budget for 2011

“Budget?  We don’t need no stinking budget.” That is what Congressional Democrats seem to be saying, kind of like the classic line from The Treasure of the Sierra Madre (“Badges?  I don’t have to show you no stinking badges!”).  Until ...Read more

Blind Men and Elephants in the Room: How Much Should We Worry about the Public Debt?

President Obama is expected to announce today a $3.8 trillion budget with a $1.2 trillion deficit for FY2011.  Here’s the context within which he will reveal his plan.  For decades now, the federal debt acquired through years and years of ...Read more