Browsing the archives for the deficit tag
compiled & edited by Daniel Hagadorn Since politicians are such easy targets for our derision, it almost makes you feel bad pointing out their numerous shortcomings…almost. After all, if you can’t laugh at yourself, make fun of other people. From Jay Leno… “Energy Secretary Stephen Chu testified before Congress yesterday that he thought it was [...]
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 Though the sheer size of our national debt makes it difficult to grasp, perhaps the following illustration will help: NOTE: All dollar amounts are expressed in 2010 USD In 2010, the annual interest on the U.S. national debt was $414 billion. [1] To put that number in perspective, remember [...]
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 [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 “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 …If you were a contemporary of Jesus Christ and began spending $1 million every day from the time of His death until now…you would still not have spent $1 trillion. …If you laid one trillion dollar bills end to end, it would form a chain that stretched from the [...]
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 [...]
