Someone sent me this quote today as part of a longer email:
It is incumbent on every generation to pay its own debts as it goes.
A principle which if acted on would save one-half the wars of the world.
— Thomas Jefferson
I can’t help but thinking that the debt we have created for our children will be the cause of their wars.
The U.S. national debt for the past 70 days has been stuck at exactly $16,699,396,000,000, CNSNews.com reports, citing the Daily Treasury Statement for July 26.“That is approximately $25 million below the legal limit of $16,699,421,095,673.60 that Congress has imposed...
The top 10 biggest U.S. cities on the brink of pension bankruptcy. #1 Philadelphia - Unfunded liability of $9 billion, $16,696 per household, only 1 year before the pension accounts are empty #2 Chicago - Unfunded liability of $44.8 billion, $41.966 per household,...
Food stamps are paying for trans-Atlantic takeout — with New Yorkers using taxpayer-funded benefits to ship food to relatives in Jamaica, Haiti and the Dominican Republic. Welfare recipients are buying groceries with their Electronic Benefit Transfer (EBT) cards and...