Tag: Debt

Friday Facts: June 7, 2013

 June 7, 2013  It’s Friday!  Quotes of Note “Good intentions will always be pleaded for every assumption of authority. It is hardly too strong to say that the Constitution was made to guard the people against the dangers of good intentions. There are men in all ages who mean to govern well, but they mean to govern. They promise to be good masters, but they mean to be masters.” – Daniel Webster  “The ‘private sector’ of the economy is, in fact, the voluntary sector; and … the ‘public sector’ is, in fact, the coercive sector.”  – Henry Hazlitt  “Georgia Tech’s online degree, powered by Udacity, is such a game-changer. For the same $7,000 a year that New York City… View Article
Millennials (ages 18 to 34) are starting to save for retirement earlier than any other generation, according to a new study. Many are investing by age 22, compared with baby boomers who started on average at age 35, says USA Today That’s a good thing, because the current U.S. “fiscal gap,” – the present value difference between future projected spending (including servicing the official debt) and future taxes – grew to a mindboggling $222 trillion last year — the largest of any country in the world relative to the economy. Taxes on future generations would have to increase by 21.5 points to close the fiscal gap. “Putting our fiscal house in order in a generationally balanced way should be… View Article

I thank you for what you do. For 15 years you’ve been researching and writing on issues that matter. You take on tough questions, you apply innovative thinking, you push for action, and you do it all without regard to politics.

President George W. Bush more quotes