Richard Maybury, in his January newsletter (subscription), provides his estimated timing for the collapse of the US government: My guess on the odds of the… Read More »Maybury on Federal Government’s Actuarial Table
On August 23, I had the pleasure and of discussing the financial condition of the federal government on The Brian Wilson Show. Here is the… Read More »Monty Discusses The Financial Condition of The Federal Government
This from Alexandra Scaggs of the Wall Street Journal arguing that the Fed will not play politics: While some economists argue the Federal Reserve won’t introduce more quantitative easing… Read More »Big Government Is The Enemy of Privacy, Truth and Freedom
The questions he asks are legitimate. To terminate someone ostensibly for such inquiries is truly terrifying, especially if the termination was motivated by government pressure.
By Judge Andrew P. Napolitano
What if the government never took the Constitution seriously? What if the same generation — in some cases the same human beings — that wrote in the First Amendment, “Congress shall make no law … abridging the freedom of speech,” also enacted the Alien and Sedition Acts, which made it a crime to criticize the government? What if the feds don’t regard the Constitution as the Supreme Law of the Land?
What if the government regards the Constitution as merely a guideline to be referred to from time to time, or a myth to be foisted upon the voters, but not as a historic delegation of power that lawfully limits the federal government? What if Congress knows that most of what it regulates puts it outsideRead More »The End of The Country
The US government believes that the Social Security and Medicare promises are not legal liabilities. The rationale, as stated by the Government, is that the government has the right to alter (or eliminate) these obligations at their sole discretion.
This rationale provides the basis for not showing these social obligations as liabilities in federal accounting reports. That enables the government to report debt in the range of $15 Trillion (the funded debt), ignoring the $100 Trillion estimated to be the present value of the future liabilities of these programs.
It is a convenient interpretation for the political class whose natural tendency is to avoid problems by hiding them and/or deferring them for another generation. How natural it must be for legislators, primarily attorneys, to think of all problems in legal terms. “If it is not illegal, it must be OK” seems to be the ethical code of Washington. Most of us don’t believe that illegality is even considered a constraint by government these days.
But legal and economic concepts areRead More »Government Promises Lead to Economic Dark Age
Glen Harlan Reynolds opines on why our country is in such economic trouble: A federal government that actually operated within the limits intended by the… Read More »Another Reason Why The Economy Will Not Recover
Economic conditions are deteriorating rapidly. Obama, in full campaign mode, continues to spend money as if we have it. He talks about the deficit problem… Read More »On The Path To Bankruptcy Turn Left toward Madness