Tag Archives: debt

What should Congress do? #3 Eliminate Small Programs

Posted on June 22, 2013 by Jim

Given President Obama’s abdication in presenting select priorities to the Congress, Selfish Citizenship took the initiative to spell out the top seven legislative priorities for 2013 at the beginning of the year. The federal government funds many small programs unrelated … Continue reading →

Posted in Congress | Tagged Corporation for Public Broadcasting, debt, deficit reduction, entitlement reform, HBCUs, Higher Education Act, Mitt Romney, National endowment for the Arts, National Endowment for the Humanities | 4 Comments

Is the Great Recession really over?

Posted on June 16, 2013 by Jim

I did not realize that we are many years into President Obama’s economic boom times. Reportedly, the Great Recession ended only a couple months after our President took office, but that must be former President Bush’s fault. Yet, to me, … Continue reading →

Posted in Economics, Questions | Tagged Barack Obama, Bureau of Economic Analysis, Commerce Department, debt, deficits, GDP, George W. Bush, Great Recession, John Allison, National Bureau of Economic Research, recession | Leave a comment

NJ Gov. Christie Evades Government Spending in Union Giveaway

Posted on March 6, 2013 by Jim

Bloomberg reports that New Jersey’s unfunded public employee pension liability increased by $5.5 in 2012, which is a 13% increase in the states total unfunded pension liability. As I have written before in the case of Obama’s $761.5 billion accounting … Continue reading →

Posted in Election, Political Discussions | Tagged Barack Obama, Bloomberg, Bosch Fawstin, Chris Christie, corruption, debt, debt ceiling, deficit hawk, deficit reduction, deficits, Elise Young, New Jersey, pensions, public employee unions, Terrance Dopp, unfunded liabilities | Leave a comment

Obama Using Accounting Cheat to Hide $761.5 Billion in Deficit Spending

Posted on February 21, 2013 by Jim

Federal Times reports an OPM announcement that the unfunded liability for federal employee pensions is $761.5 billion– the size of a TARP bailout. Today private companies, like Ford, have been pouring their profits into pension liabilities instead of new jobs, … Continue reading →

Posted in President | Tagged Barack Obama, corruption, debt, debt ceiling, deficit hawk, deficit reduction, deficits, pensions, unfunded liabilities | 5 Comments

Raising the Debt Ceiling, a False Controversy

Posted on February 20, 2013 by Jim

In January 2013, our Congress voted to temporarily suspend the federal debt ceiling [HR 325]. This political grandstanding was designed to stick President Obama with the tar baby of our federal debt and distract Americans from that fact that Congress … Continue reading →

Posted in Congress, Political Discussions | Tagged appropriations, Balanced Budget Act, Barack Obama, debt, debt ceiling, deficit hawk, deficit reduction, deficits, Frank Wolf, John Boehner, Mo Brooks | Leave a comment

Obama Attacks Free Speech Again

Posted on February 18, 2013 by Jim

Is there anything that Barack Obama hates more than freedom of speech? If you can think of anything, please comment. In any point of domestic public controversy related to the freedom of speech has the Obama Administration ever taken the … Continue reading →

Posted in President | Tagged Barack Obama, bill of rights, citizen's united, debt, financial crisis, freedom of speech, rating agency, Standard & Poor's | 13 Comments

Thank LBJ and Altruism for Our Federal Deficit and Debt

Posted on January 6, 2013 by Jim

In the fiscal problems that our country currently suffer, as created by our Congress, it is valuable to go back in time and experience the errors as they are about to be made. One such moment is LBJ’s address to … Continue reading →

Posted in Congress, President | Tagged altruism, debt, deficits, Great Society, LBJ, Lyndon Johnson | 2 Comments

Question #1: Why haven’t Libertarians been electorally successful in face of growth in government?

Posted on July 28, 2012 by Jim

The following question was in response to the Selfish Citizenship post Open Letter to Gary Johnson: Going back to the Reagan Administration through today, why is it that the Republicans and Democrats have been able to grow government without an … Continue reading →

Posted in Election, Questions | Tagged Alan Greenspan, bonds, budget, Bull Moose Party, capital gains tax, cargo cult, Cold War, debt, defense spending cuts, deficit reduction, deficits, Democratic Party, Dick Cheney, Dick Gephardt, divided government, election, Gary Johnson, George H. W. Bush, Graham-Rudman-Hollings, Greenspan Commission, Kemp-Roth, Leon Penetta, Libertarian, Libertarian Pary, Occupy Wall Street, payroll taxes, Prop 12, read my lips no new taxes, Reagan tax cuts, Republican Party, revenue, Ronald Reagan, Ross Perot, Secretary of Defense, Social Security, Social Security Trust Fund, spending, spending cuts, surplus, taxes, Tea Party, Theodore Roosevelt, U.S. Treasuries | 3 Comments