Tag Archives: National Debt

Government health-care diagnosis: Dependency

The claim: The United States is the richest nation in the world, and as a matter of decency should pay for the health care of all Americans who can’t afford to pay for their own.

The truth: The United States is not the richest nation in the world; we are the richest debtor nation in the world. We literally owe trillions of dollars — not just in the national debt, but also in unfunded liabilities for various entitlements.

The problem: The United States doesn’t really pay for anyone’s health care with its own cash supply, but rather requisitions money from individual taxpayers and appropriates it to someone else’s medical bill.

The solution: An educated populace. As Thomas Jefferson noted, education gives “to every citizen the information he needs for the transaction of his own business.” In this case, such education would help citizens to understand that their business — their personal needs — cannot rightly be  advanced at the expense of some other citizen’s life, liberty or property...

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U.S. debt sinkhole: How did it get so deep and how deep will it get?

Most economists agree that the current pace of U.S. spending is unsustainable in the longrun, but how did it get this bad?

How did the U.S. manage to spend its way out of a surplus and into massive debt inroughly a decade, putting itself 17 trillion U.S. dollars in the hole? Moreover, as nationsworldwide eye Washington's debt nervously, how will the world's largest economy pay itoff?...

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