Tag Archives: Deficit

The fantasy of unlimited money

It never ends. Tuesday, House Speaker Nancy Pelosi unveiled her vision for the next round of congressional action to respond to the COVID-19 pandemic, and it is a vision of mountains of cash. Pelosi’s plan would spent $3 trillion, which would make it far and away the largest coronavirus relief spending package to date from […]

Washington will never take debt seriously

Monday, to the apparent notice of no one, congressional leaders and the president came together and agreed to something: spending a lot more money, and putting it on the credit card. Again. The agreement, which was negotiated between House Speaker Nancy Pelosi and the White House led by Treasury Secretary Steve Mnuchin, forestalls any debt […]

Ross Perot changed American history

This week, H. Ross Perot, the enigmatic Texas billionaire, two-time presidential candidate and reform party founder passed away at the age of 89. Most of us have long since forgotten about Perot, and many adults today are too young to remember him, or fully understand the impact he had on the last 30 years of […]

A pox on both political parties

So, I’ve been a bit hard on the new liberal regime in Augusta recently. I’ve been giving Gov. Janet Mills and her allies in the Legislature unsolicited advice, telling them to do things that I am well aware they will never have any intention of doing. Things like controlling spending, lowering taxes, and continuing to […]

If you are truly serious about the national debt, tax reform is irrelevant

I hate debt. Really hate it. In 2010, one of the most encouraging things that I thought came out of the Tea Party movement, was a focus on the issue of the budget deficit and the national debt. That year, candidates who promised to address those issues managed to gain 63 seats in Congress. For Democrats, […]