YAL in Action

Check out YAL activities on campus and updates from around the liberty movement.

Tag: Deficit
  • Washington Speak

    As has become more and more apparent in recent months, only in Washington can you continue to spend more and pass it off as a budget cut. I don’t know about my fellow YAL members, but if I talked to my credit card company and told them that I couldn’t stop spending more than my …

  • The Absurdity of the Tax Cut Debate

    Restricting the national conversation to tax cuts effectively prevents any real fiscal reform from ever happening on Capitol Hill. That’s because cutting taxes without cutting spending isn’t really cutting taxes at all. It’s deferring taxes to the future. Imagine yourself in financial trouble, worrying over how much of your expenses you should pay with cash …

  • Surprise! Health Care Reform Will Add to Deficit

    The Washington Post came out with a revelation today that should shock no one: But the analysis also found that the law falls short of the president’s twin goal of controlling runaway costs, raising projected spending by about 1 percent over 10 years. That increase could get bigger, since Medicare cuts in the law may …

  • With government, “change” almost always means a change to more government.

    And “bringing new ideas to Washington” means new ideas for how to spend your money.  Bush’s budgets were horrific, of course, but Obama has definitely made things worse (particularly note that large increase in aggressive war — er, defense — spending): Click on the image for a larger view.

  • Deficit & Debt: Goodbye American Power

    The United States has an interesting role in global markets. Since World War II, the US has entangled itself in superfluous alliances and Keynesian markets, engaging in the same illusory markets as its European counterparts. As Jihan discussed, we have recently learned that President Barack Obama’s proposed federal budget may put the United States’ economic …

  • “How long can the world’s biggest borrower remain the world’s biggest power?”

    That question was asked by Obama’s Chief Economic Adviser, Lawrence H. Summers, one year ago.  It’s a question worth asking, because America’s skyrocketing deficits will eventually have a global political impact. This is a chilling wake up call for those who believe arrogantly that the U.S is immune to the bankruptcies of empires in the …

  • Health Care “Reform” = Higher Deficit, Inefficiency, and Control

    According the the Congressional Budget Office, the health care “reform” bill will cost $848 billion and would cut the deficit by $130 billion over the next decade. This is ludicrous. Watch the video below to see just how irrational this mode of thinking is:

  • Giant Budget Deficit Imperils Economic Recovery…Noooo, you think?

    From Newser: The federal deficit in the fiscal year that ended Sept. 30 was $1.4 trillion, lower than projected but still a record. At 10% of GDP, the figure is the largest since 1945, when the deficio lett was 21.5% of GDP. The figure made public today coincides with early rumblings about extending some features of last …

  • French Health Care Facing Cost Problems

    We’re not the only one facing growing health care costs. France’s single-payer system has solvency troubles of its own: The problem is that Assurance Maladie has been in the red since 1989. This year the annual shortfall is expected to reach €9.4 billion ($13.5 billion), and €15 billion in 2010, or roughly 10% of its …

  • “It’s Time to Make Some Tough Choices. Or We’re Doomed.”

    President Obama has promised that the health care bill will be “deficit neutral.” Regardless of whether you believe that or not (I don’t), that’s not going to be enough. A few days ago, the Congressional Budget Office (CBO) released something called the “Long-Term Budget Outlook.” According to the CBO, the following will happen if we …