by Victor Davis Hanson Tribune Media Services As a senator and presidential candidate, Barack Obama said that he detested budget deficits. In 2006, when the aggregate national debt was almost $8 trillion less than today, he blasted George W. Bush’s chronic borrowing and refused to vote for upping the debt ceiling: “Increasing America’s debt weakens …
by Victor Davis Hanson PJ Media On the One Hand… These should not be foreboding years. The US is in the midst of a veritable energy revolution. There is a godsend of new gas and oil discoveries that will help to curtail our fiscal and foreign policy vulnerabilities — an energy bonanza despite, not because of[1], …
by Bruce Thronton Frontpage Magazine Looking back over 2012, one could be forgiven for thinking that if America goes on at this rate, the nation must be ruined. But as Adam Smith replied to a young man who said those same words about British losses during the American Revolution, “there is a great deal …
A New Year in America: Will We Continue Down the Road to Decline? Read More »
by Victor Davis Hanson National Review Online George W. Bush left office in January 2009 with one of the lowest job-approval ratings for a president (34 percent) since Gallup started compiling them — as compared to Harry Truman’s low of 32 percent, Richard Nixon’s of 24 percent, and Jimmy Carter’s of 34 percent — and …
by Victor Davis Hanson Tribune Media Services Who exactly were the rich who, as the president said, were not “paying their fair share”? The rapper Jay-Z (net worth: nearly $500 million)? The actor Johnny Depp (2011 income: $50 million)? Neither seems to have heard the president’s earlier warning that, “at a certain point you’ve made …
by Bruce Thornton Frontpage Magazine The on-going negotiations over avoiding the tax hikes and spending cuts we call the “fiscal cliff” are simply the latest act in a farce of self-serving political denial. For decades now both parties have overseen and nurtured the expansion of the entitlement state all the while ignoring the slow-motion economic …
A Nation of Takers Hurtles Toward the Fiscal Abyss Read More »
by Victor Davis Hanson Tribune Media Services We are still borrowing more than $1 trillion a year. Barack Obama has added more than $5 trillion to the national debt in just his first term alone. Such massive borrowing is unsustainable. Someone somehow at some time has to pay it back. Share This