Some Common Cents for October 30th 2015

November 2, 2015, by John Norris

To read the headlines this week, you would think the US Treasury stood at the precipice of defaulting on its debt. Nothing could be further from the truth. The US won’t default on its debt until it absolutely can’t finance it any longer, and that is some years away. After all, for the fiscal year to date ending in August 2015, the Treasury has raked in $2.883 trillion and paid out $381.346 billion to service...

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December 6, 2012, by John Norris

Should Washington focus more on raising taxes or cutting spending to deal with the deficit? Washington will not be able to balance its budget by cutting spending alone. It will not be able to do so by simply raising taxes on the highest income earners in the country. Further, it won’t be able to get its books in order by a combination of the two. Unfortunately, that is what it seems heck bent on doing....

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