Category: economics

  • Lloyd Lofthouse

    Censored but not Silenced: Part 4/5

    I have learned that it is best to be suspicious of political nonprofit organizations with impressive sounding names that promise to achieve wonderful things and make the world a better place. They could be a wolf in sheep’s clothing.

  • Lloyd Lofthouse

    Censored but not Silenced: Part 3/5

    There are several private-sector special interest groups that benefited from the Iraq War—each one for a different reason.

  • Lloyd Lofthouse

    Censored but not Silenced: Part 2/5

    Wars are fought with mostly borrowed money that ends up growing the National Debt and that debt—if it is ever paid off—will be paid by U.S. tax payers and not by oil companies.

  • Lloyd Lofthouse

    Death by Competitive Capitalism

    We have been through this sort of thing before but back then it was the independent bookstore being pushed out by the big chains like Barnes & Noble.

  • Lloyd Lofthouse

    Does MADE in the U.S.A. mean made by an American-born citizen?

    Over a five-year period 2007 to 2011, almost 2,000 illegal immigrants died attempting to cross America’s southwest deserts and almost three million were caught and sent back home.

  • Lloyd Lofthouse

    The Evolution of a National Debt Burden – Part 7/7

    The 1935 Social Security Act created primarily a pay-as-you-go system, meaning that payments to current retirees come from current payments into the system.

  • Lloyd Lofthouse

    The Evolution of a National Burden – Part 6/7

    According to Joe Weisenthal of Business Insider Magazine, it was President Clinton that caused the global financial crises of 2007-08, because he did not spend enough and increase the national debt.

  • Lloyd Lofthouse

    The Evolution of a National Burden – Part 5/7

    After World War II, the National Debt was reduced from 120% to 30% of GDP by 1981. Then Ronald Reagan was elected president.

  • Lloyd Lofthouse

    National Debt Info-Graphic by President 1945 – 2012

    As tax rates dropped for the wealthy, unemployment went up and GDP went down (on average).

  • Lloyd Lofthouse

    The Evolution of a National Burden – Part 4/7

    To pay off debt and fund the growing pains of a nation becoming an expanding global empire, Congress passed the 16th Amendment to the Constitution on February 3, 1913 establishing Congress’s right to impose a Federal income tax.