I found an interesting little quiz online today, put out by the Comeback America Foundation. It tests “Fiscal IQ” and fiscal knowledge. Click here to take the test. It only takes about five minutes, and I think you should take it. After completing the five minute and 30-question quiz, participants are provided two scores (Fiscal Knowledge and Fiscal […]
Fiscal IQ: Got it?
December 8, 2011 by Daniel Burton
Filed Under: Entitlement Reform Tagged With: David M. Walker, Jason Chaffetz, reality is not negotiable, Social Security
The Debt is Too Darn High
September 1, 2011 by Daniel Burton
Apparently, that thing about ostriches sticking their head in the sand is no joke. Nor is it without parallel in the human world. The other day I cited a study by a several prominent economists. Their research argued, quite persuasively, that excessive debt tends to inhibit economic growth. They looked a thirty year period, included the debt levels of […]
Filed Under: Entitlement Reform, Fiscal Reform Tagged With: Debt, Economic bubble, Economic growth, it's the economy stupid, Marshall Plan, United States, World War II
Debt too high saps economic growth.
August 31, 2011 by Daniel Burton
Debt. You don’t like it. I don’t like it. No one likes it. And yet, without it, much of the prosperity and technological progress we rely upon would not be possible. Finance and the power of compound interest has thrust our economy forward faster than any in history. Yet, compound interest is not a tool […]
Perspectives on last week’s debt debate: two sides of the same coin
August 3, 2011 by Daniel Burton
How the “left” sees the recent debt ceiling debate/crisis… And how the “right” sees it… Is it any surprise that the politicians had a hard time finding a middle ground? They don’t see eye to eye on what the problem is in the first place. Also, what’s with this “super committee” that’s lacking any deficit […]
Filed Under: Entitlement Reform, Fiscal Reform Tagged With: Barack Obama, debt ceiling, entitlement reform, federal debt, Government, Jason Chaffetz, John Boehner, Orrin Hatch, President Obama, reality is not negotiable, Republicans, super committee, super congress, United States, US House of Representatives
From the WSJ: “Republicans and Mediscare”
May 24, 2011 by Daniel Burton
The reality is that Medicare “as we know it” will change because it must. The issue is how it will change, and, leaving aside this or that detail, the only alternatives are Mr. Ryan’s proposal to introduce market competition or Mr. Obama‘s plan for ever-tightening government controls on prices and care. Republicans who think they […]
Filed Under: Entitlement Reform Tagged With: Barack Obama, entitlement reform, Fiscal Discipline, Government debt, Government spending, Medicare, Paul Ryan, Republican
Entitlement Reform: Start with Social Security
May 10, 2011 by Daniel Burton
It is almost cliché for my generation to joke that Social Security will be gone before we retire. It may be a stretch, but it really is no joking matter. Social Security is in a bad way, and it is getting worse. The number of Social Security recipients is growing faster than the number of people paying […]
Filed Under: Entitlement Reform Tagged With: Comeback America, Cost of Living Allowance, David M. Walker, entitlement reform, fiscal responsibility, ideas, Life expectancy, politics, postaday2011, President Obama, reality is not negotiable, Retirement, Social Security, Social Security debate (United States), United States
Cutting Non-Defense Discretionary Spending Just Isn’t Enough
April 1, 2011 by Daniel Burton
Cutting discretionary spending alone is not going to solve our fiscal woes. Entitlement reform must happen if we’re to maintain our economic strength. That, or raise taxes. A lot. Related articles When is $100 billion not enough? (lawafterthebar.wordpress.com) Adding up the Federal Balance Sheet (lawafterthebar.wordpress.com) The answer to why Americans are OK with more spending […]
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