P. J. O’Rourke once remarked that if you think healthcare is expensive now, wait until you see what it costs when it’s free. [...]
Browsing the archives for the debt tag
DEFINITION: Collection of self-interested federal employees working desperately to (1) save their salaries and benefits and (2) er…provide a public service. [...]
compiled & edited by Daniel Hagadorn [What would JFK do?] President John F. Kennedy appeared to have an excellent grasp of fiscal reality and perhaps ALL members of Congress would do well to heed his advice concerning the immutable relationship between raising taxes and ruining the economy.
compiled & edited by Daniel Hagadorn Given our nation’s precarious financial condition, I hope that ALL Americans can agree with the following… “Mr. President, I rise today to talk about America’s debt problem.” “The fact that we are here today to debate raising America’s debt limit is a sign of leadership failure. It is a [...]
compiled & edited by Daniel Hagadorn Once upon a time, 50,000 people went to a baseball game, but sadly the game was rained out. A refund was then due. The home team was about to mail the refund checks when Congress intervened and suggested that they send out refund amounts based on the federal government’s [...]
compiled & edited by Daniel Hagadorn “Debt is the fatal disease of republics, the first and the mightiest to undermine governments and corrupt the people.” –Wendell Phillips (1811-1884) OVERALL… From 1790 to 2010 the DJIA increased by 29,373%. From 1790 to 2010 the NYSE price of gold per fine ounce increased by 389%. From 1790 [...]
compiled & edited by Daniel Hagadorn “I, however, place economy among the first and most important republican virtues, and public debt as the greatest of the dangers to be feared.” The price of history…   The Revolutionary War (1775-1783) cost $101,000,000 or $1,258,000,000 (2009 USD). The Louisiana Purchase (1803) cost $23,000,000 or $324,600,000 (2009 [...]