Tag Archives: debt

8 in every 10 Americans are in debt

Pew Charitable Trusts released a report which examined debt through the generations.  Below are some of the key findings from the report.  Click on this link if you want to read more details about the report. Key Findings 8 in 10 Americans have debt, with mortgages the most common liability. Although younger generations of AmericansContinue Reading






How Much Debt does McCrory want to Issue?

Last night in the State of the State address, McCrory laid out some of his plans for the upcoming legislative session.  Not surprising, he suggested issuing bonds to pay for transportation and he elaborated on his previously stated objectives of improving outdated state infrastructure.  What needs to be addressed is if these requests are realistic. Continue Reading






NC’s Debt Picture






NC Debt has grown over the years






Theory: any story with “trillion” in it contains more bad news for the American people

That’s my operating assumption after just a little over a week into 2013 (examples here and here), though my concern is much older. Here’s the latest — an idea to “solve” the debt crisis by having the U.S. Mint print a trillion-dollar platinum coin. God have mercy, that’d be a “solution” akin to the oldContinue Reading






Reducing the deficit: a “balanced” approach won’t cut it

In his recent speech in Roanoke, Virginia, President Obama has once again renewed his commitment to a balanced approach to shrinking the federal government’s fiscal deficit. So I’m going to reduce the deficit in a balanced way. We’ve already made a trillion dollars’ worth of cuts. We can make another trillion or trillion-two, and whatContinue Reading






Can Democrats give a little?

Live Blog Wells Fargo economist John Silvia says the US is following the road to fiscal ruin set by Greece and Portugal unless government cuts back. Silvia told CNBC that the US must recognize that the moderate economic growth forecast by most economists for the country will fail to generate the tax revenue necessary toContinue Reading






Some Liberal “Advice”

I always find it interesting when liberals give advice to conservatives on what conservatives should do to help the conservative movement. It’s also interesting when they try to describe why conservatives think the way they do. Both of these phenomena were on display today over at the Huffington Post college page, along with a substantialContinue Reading