"debt limit"
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EconomicsMediaPolitics
An Astronaut’s View on: An ‘Adolescent’ White House, the Debt Limit, and Space
by Harrison Schmitt May 17, 2011(Reactions to recent events by Harrison Schmitt — Heartland Institute Board member, former U.S. Senator (R-N.M.), and the last man (and first scientist) to set foot on the moon. (Cross-posted at America’s Uncommon Sense): bin…
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EconomicsMediaPoliticsTaxes
An Astronaut’s View on: Osama bin Laden, the Debt Limit, Space and the Economy
by Harrison Schmitt May 9, 2011Reactions to recent events by Harrison Schmitt — Heartland Institute Board member, former U.S. Senator (R-N.M.), and the last man (and first scientist) to set foot on the moon. (Cross-posted at America’s Uncommon Sense): bin Laden…
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Budgets/Taxes
A Paternalistic Government Solution to Payday Loan ‘Debt Traps’
by Joe Barnett August 13, 2019Government paternalism consists not only of giving people things they didn’t pay for, but also in preventing people from making decisions that, in the benevolent judgment of superintending bureaucrats, aren’t in their best interest.
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It seems that every generation or two, fundamental economic ideas are questioned and challenged.
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Budgets/TaxesClimate ChangeEconomicsEnvironment/EnergyFeaturedGovernmentHealth CarePodcastTaxes
In The Tank (ep176) – Frigid Weather and Reliable Energy, Medicare for All Polls, $8.41 Tax Debt
by Donald Kendal February 1, 2019Donny Kendal and Isaac Orr, Policy Fellow at the Center of the American Experiment bring you episode #176 of the In The Tank Podcast. Today’s episode features work from the Center of the American Experiment, the Mackinac Center, the Pacific Research Institute, and the Pacific Legal Foundation.
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Budgets/Taxes
Tied to the Mast: Connecticut Imposes a ‘Debt Brake’
by Barry Poulson and John Merrifield July 12, 2018In Homer’s Odyssey, sailors are lured to the rocky shores of an island by an irresistible siren song. To prevent his ship from succumbing to the song, Odysseus orders his sailors to fill their ears with wax and tie him to the ship’s mast.
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Budgets/TaxesEconomics
The Debt Ceiling Hysteria and Profligate Government
by Richard Ebeling February 9, 2018Once again, the financial fears have been ratcheted up due to recent announcements by the U.S. Treasury Secretary, Steven Mnuchin, and the Congressional Budget Office (CBO) that by the middle of March 2018 the Federal government will have run out of room to continue borrowing due to the official debt ceiling.
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Budgets/Taxes
Our Debt Crisis Calls for a New Fiscal Paradigm
by Barry Poulson and John Merrifield August 23, 2017In the coming weeks, Congress will again debate increasing the debt limit.
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Budgets/TaxesGovernment
Dare to Dream of a World Without Endless Debt-Ceiling Hikes
by Jesse Hathaway June 21, 2017After legal limits on how much federal government debt could be issued returned in March, President Trump’s advisers began calling on lawmakers to increase the federal government’s authority to borrow and spend.
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Uncategorized
Can a New Homestead Act Solve the Debt Crisis?
by Barry Poulson and John Merrifield June 9, 2017President Donald Trump released his full budget request, outlining priorities for this year and the subsequent decade
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Budgets/TaxesFeatured
America’s National Debt Bomb Caused by the Welfare State
by Richard Ebeling February 10, 2016The news is filled with the everyday zigzags of those competing against each other for the Democrat and Republican Party nominations to run for the presidency of the United States. But one of the most important issues receiving little or no attention in this circus of political power lusting is the long-term danger from the huge and rising Federal government debt.
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Budgets/TaxesFeatured
Congress is Worthless for Limiting Spending
by Edmund Contoski November 6, 2015It is hard for people to grasp the magnitude of the U.S. debt problem—and what the ultimate “day of reckoning” will be. The national debt reached $1 trillion for the first time in 2009. It is now well over $18 trillion. That’s the official total; the real total is much higher. Lawrence Kotlikoff, a professor of economics at Boston University, has calculated that based on Congressional Budget Office data the real debt is $202 trillion, more than eleven times the official debt. It is also about 3 times what the entire world produces, that is, global gross domestic product (GDP), which is $72 trillion. In 2013 Kotlikoff updated his debt calculation to $222. That’s $700,000 per person, $1.9 million per household.
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Budgets/TaxesFeatured
How the States Can Make the Debt Ceiling Debate Real
by Nick Dranias February 11, 2015For the past year or so, there has been no statutory limit on how much the federal government borrows. The debt ceiling was abandoned in the last budget deal. But in the coming weeks, it is scheduled to return—along with the predictable illusion of a debate over whether to lift the ceiling or not.