Over three-quarters of Congress lack an academic background in business or economics.
In 2008, the top 2 percent of taxpayers provided 46 percent of all federal income taxes.
The United States’ stellar AAA credit rating is at risk. Losing it could cost us $283 million a day.
Is there a disconnect between the worries of the American public and those in the position to do something about it?
Our elected representatives can use a value added tax to collect hundreds of billions in additional government revenue that spares them from reining in excessive spending.
Posted on 14 March 2014
Casino gambling is without a doubt one of the biggest growth industries in the world. Unsurprisingly, given that America is home to a gambling Mecca like Las Vegas – and that many online casino sites are also based there – the US is also one of the wealthiest casino industries in the world. Estimates for […] Continue Reading
Posted on 20 August 2011
On the evening of August 5th, credit rating agency Standard & Poor’s announced that it was lowering the United States’ credit rating from AAA to AA+. “Lowering the nation’s rating to one notch below AAA, the credit rating company said “political brinkmanship” in the debate over the debt had made the U.S. government’s ability to […] Continue Reading
Posted on 13 July 2011
Amid concerns about the national debt and the debt ceiling, Moody’s put the U.S. credit rating under review for a downgrade. The U.S., rated Aaa since 1917, was put on review for the first time since 1995 on concern the debt limit will not be raised in time to prevent a missed payment of interest […] Continue Reading
Posted on 25 April 2011
Defeat the Debt’s executive director, Rick Berman, had an op-ed on bankrupt government programs in the Sunday, April 24th, edition of the Iowa Gazette. When a company advertises a great product at an unbelievably low price, then tries to sell you a higher-priced alternative because they never had the product in the first place, we […] Continue Reading