Debt and Deficits

When Big Deficits Became Good

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 …

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A New Year in America: Will We Continue Down the Road to Decline?

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 …

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The Great New Year Stampede

by Victor Davis Hanson Tribune Media Services There is a new-year stampede developing that we have not seen for a long time. Gun stores are swamped with panicking customers. They are looking for handguns, semi-automatic rifles and as much ammunition as they can afford. Share This

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Bush Reconsidered

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 …

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Ripples from the Election

by Victor Davis Hanson National Review Online Now that the election is over, we are starting to see the contours of what lies ahead for the next four years. Here are some likely consequences from the Obama victory. Share This

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Let the Real Fat Cats Pay Their Fair Share

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 …

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A Nation of Takers Hurtles Toward the Fiscal Abyss

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 …

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The Kingdom of Fairness

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

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Secretaries Gone Wild

by Victor Davis Hanson NRO’s The Corner We’ve had some unusual cabinet secretaries in past administrations — Earl Butz, John Mitchell, and James Watt come to mind — but never anything quite like the present bunch. Share This

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