As the United States grapples with a staggering national debt surpassing $34 trillion, which grows by further trillions every year, it’s imperative to address the root cause of this fiscal irresponsibility. Over the past century, we’ve witnessed a concerning trajectory, with the federal debt ballooning from $403 billion in 1923 to a staggering $33.17 trillion...
Of all the bad economic policies I’ve seen in government — and boy, let me tell you, I’ve seen a lot — the decision to “forgive” student debt is, by far, the worst by degrees of comparison. It is intellectually dishonest, it is morally indefensible, and it screams louder than any other thing the Biden administration has done, that...
The thought never occurred to us that our debts were the responsibility of others or that someone else might pay our bills, forgive our mortgage, or pay our student debt.
After the global “surprise” of a Covid pandemic, it is vital to prepare for events once thought unthinkable. Unchecked, America is headed for default. Economic experts now predict double-digit inflation before the end of the year. Massive trillion-dollar deficits are estimated to push the nation’s debt to a staggering $30 trillion at the same time....
No one wants to get into debt. Families don’t plan on a financial crisis upending their lives. Yet, life is not always fair, people don’t always make good decisions, investments go sour, and unexpected expenses crop up. When someone finds themselves in crisis, they need help; options to get out of trouble. That’s what debt...
What’s the theme for limited government, personal responsibility, opportunity and freedom across North Carolina for the 2018 election cycle? Keep on keepin’ on. Reforms since 2011 have transformed our state into an economic powerhouse, creating jobs and opportunities like never before. Tax cuts begun in 2011 have put $5 billion back into the economy; $10 billion by 2022. All North Carolinians...
The State Health Plan is “on life support” and will require more state and employee contributions to meet massive unfunded obligations, state Treasurer Dale Folwell said Monday in his first Ask Me Anything monthly teleconference call with reporters. Since taking office in January, Folwell said, he has been churning out calls to investment fund managers...
Rocky Mount city officials on Dec. 12 moved ahead with plans to build a community center that could cost taxpayers more than $50 million despite the area’s slumping population and declining property values. The Rocky Mount Downtown Community Facility was introduced in 2012 as a plan to boost the local economy by providing a youth...
A system that omits health care and retirement obligations for government workers underestimates the potential impact for taxpayers.
Jeanette Doran on a website devoted to analyzing lawsuits against N.C.'s election reforms; lawmakers hear about N.C.'s unemployment benefit debt owed to the feds; Tony Almeida on N.C. efforts at job creation; Richard Vedder on reforming higher education; Katherine Restrepo on problems ahead with ObamaCare
An important new law on state debt emerges from the 2013 N.C. legislative session.
