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The National Debt: Where Do Our Tax Dollars Go?

If we are to address runaway federal spending, we also have to understand where tax dollars are being spent … and where they are not. Conversations with family, friends and students often reveal many misunderstandings about the federal budget and how our tax dollars are used. For example, especially when I’m at home in the […]

The Origin of our Debt: The ABCs of Where It Came From And Why

The escalating national debt includes approximately $14 trillion in debt by FY2010, and another $44 trillion in unfunded liabilities (meaning, Social Security, Medicare and entitlement programs that are unfunded in the out years). By next year, the gross federal debt will, for the first time since World War II, equal 100 percent of gross domestic […]