Think Freely Media presents Common Sense with Paul Jacob

Archives

puertoRico

Puerto Rico’s Debt, Our Problem

“We have an important choice to make,” presidential candidate and Senator Bernie Sanders recently wrote to Congress. “[D]o we stand with the working people of Puerto Rico or do we stand with Wall Street and the Tea Party?” The bill in question has been dubbed Paul Ryan’s “first big victory






national debt, debt, deficit, debate, Republican, Democrat, Tea Party, CommonSense

Bankrupt Leadership

Sen. Rand Paul wasn’t the only thing absent from the GOP presidential stage last Thursday. Also missing? Any meaningful talk about reducing federal spending and avoiding a sovereign debt crisis. The debt looms over all our heads. But you wouldn’t know it to listen to the GOP hopefuls. (And the






New Year, 2016, resolutions, Common Sense, illustration

re: Solutions

Today’s the traditional day for New Year’s “Resolutions,” but instead of resolutions, how about some solutions? Sure, Thomas Sowell has sagely reminded: there are no solutions in social life, only trade-offs. But, utopian perfection aside, let’s agree that some changes would be better than others, and, let us resolve to






caution, danger, debt, social security, collage, photomontage, illustration, JGill, Paul Jacob, Common Sense

Assuming the Fix

Social Security, like similar systems in Europe, is on a trajectory to insolvency, which could lead to a sovereign debt crisis. The reason for the crisis? Social Security has always been a pay-as-we-go system, dependent on many workers paying in to a system that sends their contributions to a smaller






tax, taxes, debt, national debt, truth, collage, photomontage, JGill, Paul Jacob, Common Sense

Raising Taxes & Truth

Sheila Weinberg wants to raise your taxes. So fervent is her money-lust that she even threatens to run for president, and only half-jokingly, on that single issue. More surprising: I would enthusiastically vote for her. What gives? Well, Weinberg isn’t demanding a tax increase or a spending cut, per se






future, predicting the future, political, politics, collage, photomontage, illustration, prophecy, fortune teller, mistake

Failing in the Future Biz

If you can’t sell us the future, you’re doing it wrong. We all want to get there in one piece. Right now, a horde of Republican presidential candidates and a small cohort of Democrats vie to present themselves as visionaries, leaders. Yet, what they all have in common is that






Greece Surprised, Greek, spending, crisis, debt, EU, collage, photomontage, Paul Jacob, http://cognitivebiasparade.prosite.com/, political, politics

Shocking Consequences

Five years into (the latest phase of) the Greek debt crisis, a former bureaucrat who was unable to withdraw her money from an ATM when the government declared a bank holiday had this to say: “How can something like this happen without prior warning?” It’s always a surprise — to






The State of the Union of the States

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






Townhall: The Politic Path of Least Resistance

The looming debt load will some day come a-crashing. But politicians are doing nothing — or nest to nothing — to stop the growth of the debt, and thus keep on piling on the extent and severity of debt. So click on over to Townhall.com, to read this weekend’s column






Death by a Thousand Non-Cuts

As I write this, the United States of America is $16,275,179,205,442 in debt. By the time you read this, we’ll have piled up millions more. Much debt is of recent vintage. When George W. Bush became president in 2000, the national red ink totaled $5.7 trillion. In eight years, Dubya






Slowest Spending in Decades?

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,”






Down and Out and California

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






© 2016 Common Sense with Paul Jacob, All Rights Reserved. Back to top