The Truth About America’s National Debt 2010

America’s national debt is exploding out of control, and still most politicians in Washington D.C. don’t really seem that interested in doing anything about it.  Why?  Well, the truth is that if the U.S. government reduces government spending that will slow down the economy, and if the economy slows down then Americans will blame the politicians, and if Americans are angry at the politicians then they will be less likely to vote them back into office.  So we actually have a system where our politicians have an incentive not to do anything about the national debt.  Meanwhile, the exploding debt continues to become a colossal long-term problem that threatens to destroy not only our economy, but our entire way of life.  The federal budget deficit has topped $1 trillion with three months still to go in the current budget year.  It is projected that the final budget deficit for 2010 will be somewhere in the neighborhood of 1.3 to 1.5 trillion dollars.  But can we really afford to keep having deficits that are over a trillion dollars every single year? (Read More...)

$2.6 Million Spent To Train Chinese Prostitutes To Drink Responsibly

dollar-toilet-paperJust when you think that the wastefulness of the U.S. government can’t get any worse they go out and spend money on some really bizarre things.  Now it has come out that the U.S. government is spending $2.6 million U.S. tax dollars to train Chinese prostitutes to drink responsibly on the job. (Read More...)