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Archive for the ‘Taxes’ Category

I.O.U.S.A.

For an easy to understand (and scary) review of our nation’s debt problem, check out the film, “I.O.U.S.A.”. The documentary is a couple of years old now and in the time that has passed since its production, our nation’s debt has almost DOUBLED.

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A recent article written by Shawn Tully at Fortune.com helps explain the trouble with the current administration’s economic policies. Tully interviewed Allan Metzer, a person he describes as “one of the most influential monetarists of the past 50 years.

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Due to unprecedented spending by members of both political parties over the past decade, the U.S. government’s debt has now grown to approximately $13 trillion.  That number is only expected to increase over the next ten years as the government produces massive annual budget deficits (a fancy word which means the government is spending more money than it is bringing on a yearly [...]

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