Why do Democrats Want to Raise Taxes?
Debt / Economy / Fiscal Cliff / Tax

Why do Democrats Want to Raise Taxes?

Last Thursday, Treasury Secretary Tim Geithner presented Congress with the Obama administration’s plan intended to avert the impending fiscal cliff. The plan was, quite literally, laughable. It called for $50 Billion in new stimulus spending, the end of Congressional authority to raise the debt limit, $1.6 Trillion in new revenues from higher taxes on the … Continue reading

Cult of Uncertainty: The Catalytic Hysteria Surrounding the Fiscal Cliff in Europe
America / Debt / Europe / Fiscal Cliff / Taxes

Cult of Uncertainty: The Catalytic Hysteria Surrounding the Fiscal Cliff in Europe

The attention surrounding the Fiscal Cliff has escalated it from an issue of domestic panic to international concern. While the direct impact of the event involves strictly domestic policies, the resulting uncertain economic forecast stateside has created detrimental consequences for European markets that are reliant on the United States for trade. The suggested calamity results … Continue reading

The National Debt: Factors Contributing to Growth and Decline
Debt / Economy / Fiscal policy / U.S. Domestic Policy

The National Debt: Factors Contributing to Growth and Decline

Our elections may be over, but our growing national debt remains. It is also approaching unprecedented levels—last year, it exceeded 100% of GDP for only the fourth time in history. The other three times were during World War II, when we were fighting a war on all seven continents. Yet the economy is recovering from … Continue reading