Tag: National Debt
Dr. Emily Skarbek Talks about the Government Cost Calculator on Taking Back America

Dr. Emily Skarbek, Director of the Independent Institute’s Government Cost Calculator was interviewed on the nationally syndicated, web, radio blog, “Taking Back America”.  During the interview, Dr. Skarbek uses MyGovCost.org to explain the specific effects of rampant government spending for any individual in America. Dr. Skarbek illustrates how an individual can find out what…
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The Jason Lewis Show Interviews Emily Skarbek on the Government Cost Calculator

Dr. Emily Skarbek, Director of the Government Cost Calculator was interviewed on the nationally syndicated radio program, “The Jason Lewis Show” (Premiere Radio Networks). In the program, Dr. Skarbek uses MyGovCost.org to explain the specific effects of rampant government spending on the personal situation for any individual in America. [audio:2010_09_29_skarbek_lewis.mp3] Download audio file (18…
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Regime Uncertainty: Reports Keep Coming In

Each summer, Wall Street strategist Byron Wien convenes a meeting of high rollers to discuss the outlook for investment. This year’s meeting brought together fifty individuals, including more than ten billionaires.  Their expectations, as reported by CNBC, are gloomy: “They saw the United States in a long-term slow growth environment with the near-term risk of recession quite…
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“The Biggest Threat We Have to Our National Security Is Our Debt”

Says Admiral Mike Mullen, Chairman of the Joint Chiefs of Staff.  Mullen notes that within two years the annual interest on the debt will be almost as much as the bloated annual Department of Defense Budget of $700 billion.  Well said.  Even better if Mullen would have pointed out that the debt is only…
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Onion News Network: U.S. Stages Fake Coup to End National Debt

The Onion News Network hilariously and insightfully satirizes the escalation of the gigantic spending, debt, and disregard for constitutional law by the U.S. government, “U.S. Government Stages Fake Coup to Wipe Out National Debt:” U.S. Government Stages Fake Coup To Wipe Out National Debt To understand the folly of Barack Obama’s New, New Deal,…
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The National Debt versus the Deficit

A student recently asked me “why do the annual federal budget deficits not match increases in the national debt.” It is an excellent question, since the national debt is a stock, and the deficit (or surplus) is the annual flow altering that stock. As we will see, the answer takes on particular significance in…
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