Browsing the archives for the debt tag
compiled & edited by Daniel Hagadorn Proving that not everything gets better with age—especially the U.S. Post Office—consider this article from 1985… James Bovard, “The Last Dinosaur: The U.S. Postal Service” http://www.cato.org/pubs/pas/pa047.html Then compare it to this article from 2010… Doug Bandow, “Postal Bankruptcy” http://www.cato.org/publications/commentary/postal-bankruptcy And then try to figure out what has changed since 1985. Consider [...]
compiled & edited by Daniel Hagadorn To see the national debt statistically visit http://www.usdebtclock.org/ To see the national debt visually visit http://demonocracy.info/infographics/usa/us_debt/us_debt.html WARNING: Viewing these facts may cause swelling of the face, lips, tongue, and/or throat, difficulty breathing or swallowing, anemia, decreased levels of potassium or sodium, dizziness, excessive bleeding, facial flushing, fainting, rapid heartbeat, heart attack, hypertension, hypotension, [...]
compiled & edited by Daniel Hagadorn Presidential approval ratings since 1950:[1] George W. Bush…was rated a HIGH of 90% and a LOW of 29%. George H. W. Bush…was rated a HIGH of 89% and a LOW of 29%. Harry S Truman…was rated a HIGH of 87% and a LOW of 23%. John F. Kennedy…was rated [...]
compiled & edited by Daniel Hagadorn It will certainly come as no surprise to anyone who has been conscious since 2008 that the United States economy is…ah…struggling to put it nicely. High unemployment, market insecurity, government overspending, and the declining dollar are just a few of the problems plaguing the nation. Lost amidst this gloomy [...]
compiled & edited by Daniel Hagadorn Since 2001, the Los Angeles Unified District (LAUSD) has spent $1.2 billion (2009 USD) to “educate” 8,400 students at a cost of $142,857.14 per student. [1] [2] [3] [4] $578 million to build the Robert F. Kennedy Community School which houses 4,200 students and opened in 2010. $377 or [...]
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.”[1] The price of history…[2] [3] [4] 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 [...]
