Tag Archives: National Debt

National Debt Part III: Radical Reform of Social Security

Radical Reform of Social Security requires starting at the root, and that root is its real purpose and goals today, in 2010.  What are we really trying to accomplish with this program?  What are the basic problems for which we ...Read more

Addressing National Debt by Reforming Social Security

FDR Signing Social Security Act August 14, 1935

Government deficits and debt have reached alarming levels today, and the unfunded liabilities of tomorrow are even more staggering.  The key to attaining fiscal sobriety is entitlement reform, and Social Security is as good ...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

Made with China

I dreamed I was a butterfly

…Now I wonder: Am I a man who dreamt of being  a butterfly, or am I a butterfly dreaming that I am a man?

Barack Obama, our first (soi-disant) Pacific President, has just been ...Read more

Debt, Deficits and Dangerous Economic Times Ahead

When President Barack Obama signed the American Recovery and Reinvestment Act on February 17, 2009, among other things he declared that …

“While we need to do everything in the short term to get our economy moving again, we must recognize ...Read more