Category Archives: Federal Debt

Your Tax Dollars at Work

We know when it is a Congressional election year.  Like clockwork, in the mail arrives a letter from Maine Second District Representative Bruce Poliquin.  The envelope boldly declares: “Public Document  Official Business.” At first the letter is a puzzle.  What “official business” do we have with this office? Then we remember.  Mr. Poliquin uses the […]

Is the U.S. Economy One Big Ponzi Scheme?

When I was teaching, I used to joke with students that my classes were particularly demanding because I wanted to be sure they would succeed in the real world so that they could pay for my Social Security checks.  Economists are supposed to believe that self interest is the dominant human motivator. I was only […]