Introduction Congress has returned to its frequent discussions about raising the debt ceiling. They believe, and rightly so, that most voters think the government runs like a business or individual. They make a big show of running around trying to figure out, “Where can we get the money to pay for all the spending?” But … Continue reading The Burden of Government Debt
Category: Government Financing
Federal Finance Made Easy
It never ceases to amaze me how people seem to misinterpret what happens in the process of federal finance. At the head of the list stands this ridiculous economic stimulus program that the government has adopted. The chatter about the federal deficit probably stands second in line. To provide a basis for conversations about these … Continue reading Federal Finance Made Easy
Deficits and Debt Confusion
My comments may prove elementary for many readers, but for others (and most politicians), they should prove highly informative. I frequently hear people refer to "debt and deficit" as if they were one thing. I don't know if they know the difference, but if they do, using them together may confuse others. The Distinction To … Continue reading Deficits and Debt Confusion