Tag Archives: deficits

Federal Borrowing to Pay for State Spending

Posted on March 24, 2024 by Jim

A few months ago before Google Bard was rebranded as Gemini, I asked it several questions to assess the state of AI. Like any “expert” the answer from an AI needs to be verified by human intelligence and may include … Continue reading →

Posted in Political Discussions | Tagged AI, deficit hawk, deficit reduction, deficits, welfare | Leave a comment

What should Congress do? #5 Tax Reform

Posted on June 25, 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. I recall Rep. Frank Wolf tell us at … Continue reading →

Posted in Congress | Tagged Affordable Care Act, deficits, eat the rich, Frank Wolf, John Roberts, Laffer Curve, ObamaCare, punitive taxation, tax reform, taxes | 2 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