State Budget Disasters Are A Good Thing
By Wes Keene | February 24, 2010 | In Category: Government Debt
State governments across the country are facing mounting deficits. Legislatures from California to New Jersey are facing difficult decisions about sustainable tax burdens, and the viability of spending programs. Those lessons are good for States to learn and our Federal government should take notes.
Debt Commission
By Wes Keene | February 17, 2010 | In Category: Health Care, Tax Policy
Obama is suddenly worried about debt. Since we elect leaders to Congress and the White House, one might think they have the power to cut spending. Evidently, that’s a common misconception. A debt commission wouldn’t reduce spending though. It will only raise taxes.
Special Report: America’s Debt Disaster
By Wes Keene | February 6, 2010 | In Category: Economy
America has a national debt crisis. We’ve reached a tipping point. Years of imbalanced budgets and zero focus on fiscal discipline have landed the country in a situation where our credit rating could soon be downgraded, or new debt couldn’t be sold on the market.
Crack Is Whack
By Wes Keene | February 1, 2010 | In Category: Economy
Those of us who listen to news in the mid-day were treated to an educational opportunity (a teachable moment?) On how to manage a checkbook. The session made some great points about how debt can really bury you. The only problem with the class was its teacher. Call me cynical, just one of those bitter [...]