Politicians know all about lying with statistics. But it’s more effective to lie with anecdotes — using stories to ignore the biggest Statistic in the Room. President Barack Obama delivered his constitutionally obligatory State of the Union address to Congress last night. He told a lot of stories, and most
Government tends to grow in spurts, with budgets not decreasing after each spurt. This “ratchet effect” of fast growth then tapering off amounts to a long-term trend: growth. You’ve probably seen Rex Nutting’s MarketWatch squib, the subject of many a Tweet and Facebook post. Entitled “Obama spending binge never happened,”
Barring drastic action, the Golden State will run out of cash in March. There is no provision in the Constitution for dealing with a bankrupt state. But then, there’s nothing explicit dealing with federal bankruptcy, either. The founding fathers didn’t expect their republic to permanently accumulate debt. Indeed, Thomas Jefferson
For several years now I have worried — here on Common Sense and on Townhall — about the unsustainability of politician-incurred debt. I’ve used the word “unsustainable” quite a few times. But too often I’ve simply called it “government debt.” I think I like “politician-incurred debt” better. For it’s politicians
Say it with me: We told you so. Over the years, I’ve tried to help citizens regain control over their prodigal representatives. Sometimes I got called a radical for these activities. An extremist. But I think of myself as a moderate, as someone promoting moderation. In government spending, for example.