national debt

Canada

Racing Canada to Tyranny

I imagine the majority of readers here at Crisis are from the great nation a couple hours south of my hometown. As a Canadian I grew up in a culture that was heavily influenced by all the good—and the bad—that comes from my southern neighbor, and I have great affection for the USA. But there [...]

Has Government Become Too Big?

Thomas Jefferson is said to have quipped, "a government big enough to give you everything you want is a government big enough to take away everything that you have." While history does not support the Jeffersonian attribution, it does support the conclusion—witness Soviet Russia, Communist China, and North Korea. But how big is too big? [...]

The Bishops Were Wrong on the Ryan Budget

In the wake of the selection of Paul Ryan as the VP nominee, you will be hearing a lot about how Ryan is a bad Catholic because the Bishops criticized the Ryan budget plan. Let me cut to the chase: the USCCB was wrong (at least part of it). The text of the letter issued [...]

Borrow from Peter to Pay Peter

Decrying "a decade of deficits" on Monday, President Obama declared that "my budget lays out a path for how we can pay down these debts." It is hard to see how that can be true, since his plan would add $6.7 trillion to the national debt during the next decade. Obama thus begins his fourth [...]

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