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!
Bailout? More like throwing money into sinking ships Repayments from institutions which received federal funds during the bailouts of 2008 and 2009 have lessened the total of the programs cost to taxpayers. In total the federal government injected cash into more than 700 institutions. While proponents of central planning point to the repayments as success, it’s…
Every election cycle the calls will be heard: Americans demand a third party! The two party system has to go! Only they really don’t want a third party and American politics will always be dominated by two major parties. First, let’s set the record straight. There are more than two political parties in the United…
Photo by mbs120898 10. Thomas Jefferson President Jefferson was publicly accused of fathering the children of his slave Sally Hemings, by journalist James Callender (who had also publicized Alexander Hamilton’s affair) in the Jefferson–Hemings controversy. Hemings was the half-sister of Jefferson’s wife Martha, and based partly upon DNA evidence, there is now a scholarly consensus…
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…
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…
When government assumes the role of certifying or approving products it limits consumer protection and increases the probability of corruption. The Federal Food and Drug Administration, for example, is charged with the protection of consumers, and all food and drug products require their stamp of approval before hitting shelves. But is this the best way…