Monty Pelerin's World

Economic, Financial and Political Analysis

Tag archives for Federal Spending

Use The Debt Ceiling as Leverage

The incredible debt levels of the US government are shown in the graph below: The graph appeared in a Letter to Congress which advocated aggressive action on the spending problems in the US. The debt ceiling decision is to be used as leverage to exact oversight of federal spending with line-item authority for an independent [...]

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Socialists or Jerks

As we plummet, out of control, toward sovereign bankruptcy there are those that believe it is all intentional, an attempt to consolidate power at the Federal level with controls over the states and citizens never before dreamed of in America. An article entitled Bait and Switch: Raising the National Deficit by Stealth makes a strong [...]

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Social Security Goes from Political Penthouse to Doghouse

The darling of the politicans in Washington has become not-so darling. Social Security, for decades a hidden slush fund that allowed pols to spend beyond what they taxed, has turned into an albatross. The Ponzi Scheme has unraveled. According to the NY Times, less than two years ago, Social Security Trustees projected the fund would have [...]

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