The national debt is at an all-time high of around $16 trillion. That’s scary enough. But it turns out that number is just piercing the surface. If you include all the unfunded federal obligations to Social Security and Medicare it would add up to near $116 trillion!
Most often, legislatures enact laws intended to address perceived societal problems by setting rules or establishing agencies to correct the problem. While we may, to be generous, presume good intentions, the normal, real world outcome is that the perceived problem is either made real or if actually real, is exacerbated. Photo by drewleavy Federal Hiring…
There’s a lot of talk about money in politics. As we have previously discussed, a lot of the concern is misplaced or based on misconceptions. The urge to construct more laws to make things fairer is a popular one among Americans. The idea is that more regulation will stem some of the money flowing into…
Midterm elections are fast approaching. Here’s what makes midterms unique and what you can expect to see as November nears. 1. Low Turnout Voter turnout during non-presidential election years is traditionally low. The presidential election usually brings out between 55-65% of registered voters. Midterms, however, generally see only 40% of registered voters. This is not…
Photo by agrilifetoday 1. Your taxes will go up drastically We often hear about Scandinavian countries as some kind of a model of health care distribution. Let’s look at the example of Norway. The average Norwegian household pays roughly $70,000 per year in tax. The vast majority of taxes go toward financing the country’s health…
They’re ruthless and powerful beyond measure. Some say they’re worse than ISIS. Here’s 10 facts you should know about Mexican drug cartels and that country’s bloody drug war. 1.Mexican Cartels rake in $19-$29 billion annually in just U.S. drug sales. That number is astronomically high. Such high profits make buying politicians and law enforcement easy….
Photo by 401(K) 2013 Taxes- Americans don’t like taxes very much, but that doesn’t stop them from having to pay them. And there are a lot! There are payroll taxes, income taxes, property taxes, car taxes, sales taxes, luxury taxes, inheritance taxes, gift taxes, and more! When Americans buy a product at a store, they…