The national debt is at an all-time high of around $16 trillion. That’s scary enough. But it turns out that number is just piercing the surface. If you include all the unfunded federal obligations to Social Security and Medicare it would add up to near $116 trillion!
On November 9th, 2014 the world celebrated the 25th anniversary of the fall of the Berlin Wall. The event not only led to the liberation of millions of people and the fall of the Soviet Union, but it effectively ended a near 50 year old cold war nuclear standoff between the USSR and the United…
Photo by Chris and Jenni It has become commonplace to hear complaints about the United States Postal Service; specifically concerning their slow delivery, high prices, poor service, and lost or misdelivered mail. Economists frequently tell us about the inherent problems with any service controlled by a monopoly. How many of us are aware that the…
Midterm elections are fast approaching. Here’s what makes midterms unique and what you can expect to see as November nears. 1. Low Turnout Voter turnout during non-presidential election years is traditionally low. The presidential election usually brings out between 55-65% of registered voters. Midterms, however, generally see only 40% of registered voters. This is not…
Eleanor Roosevelt was probably the most influential American woman of the 20th century.
When the use of steroids and performance enhancing supplements became widespread in Major League Baseball, fans were in outraged. If some players had an unfair advantage over others, it sullied the entire sport. Americans who followed baseball felt cheated and duped. Congress even got involved, citing The Federally Controlled Substances Act and anti-trust exemptions held…
If there is one thing politicians must hate about the information age, it’s that their gaffes live on in infamy. Here are 10 examples where elected leaders made us all cringe and shudder in disbelief. 1. Senator John Kerry: “You know, education, if you make the most of it, you study hard, you do your…