Deficit Future

Friday, October 8, 2010

Congressman Phil Hare disputes existence of national debt

Posted by kiehacker at 7:20 AM 1 comment:
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RECOMMENDED READING

  • The Coming Generational Storm By Laurence J. Kotlikoff and Scott Burns
  • Gray Dawn By Peter G. Peterson
  • Running on Empty By Peter G. Peterson

Quotes

  • “The US government has a technology, called a printing press… that allows it to produce as many US dollars as it wishes at essentially no cost.” – Ben Bernanke
  • "Central banking is the most brilliant device of profit-seeking monopolists and oligopolists in human history. Nothing else comes close. Hardly anyone understands it, so there is no organized opposition." - Gary North
  • "If our policymakers wait to address these growing debts until they are out of control, the solutions will be drastic and painful" Villarreal.
  • "Obama's team employed one of the oldest budget tricks in the books — exaggerating economic growth — to hide the true cost of his tax and spending plans." IBD
  • "Never allow a crisis to go to waste. They are opportunities to do big things." Rahm Emanuel
  • "Obama’s Trillion Dollar Debt Plan is not a ‘change’ from Bush, it is Bushonomics on steroids." The Heritage Foundation
  • "A stimulus bill should stimulate, not grow government" IBD
  • "What we have done is kicked this can down the road; we are now at the end of the road and are not in a position to kick it any further" Obama
  • "What’s good for the country my children will inherit?" Obama
  • "Is it a safety net, or a hammock?" Lazarovici
  • “If deficit spending stimulated the economy, with $2 trillion already out there, the economy should be performing like a double shot of espresso.” J.D. Foster
  • “Whenever you bail something out, you have to take resources from people doing well. It’s a zero sum game.” Arthur Laffer

Links

  • 2009 Budget - Whitehouse
  • CMS
  • Debt clock
  • FAQ about Public Debt
  • Federal Budget Browser
  • Trade Deficit Clock
  • Treasury Report
  • US Treasury

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