Primer on the National Debt

WSJ OPINION By JOHN STEELE GORDON AUGUST 29, 2011 A Short Primer on the National Debt With a return to 1990s growth rates, the debt-to-GDP ratio could drop to 56.7%, about where it was in 2000, in just one decade. With the national debt certain to be a...
US Debt: Who’s Responsible?

US Debt: Who’s Responsible?

DEFICITS: PRESIDENT OR CONGRESS? Political pundits often comment on the records of Presidents regarding deficits. In fact, the Congress is the branch of government responsible for the budget. The Constitution of the United States, in Article 1 (the Congress) states:...
“The General Welfare?”

“The General Welfare?”

This article was written in November 2007, but it’s still relevant today! What is “The General Welfare?” It’s always a pleasure to read the Declaration of Independence, the Constitution and the Bill of Rights. Those documents, hammered together...
Where Does NH State Revenue Come From?

Where Does NH State Revenue Come From?

This article gives a brief summary of the major revenue sources along with commentary on some of their key attributes. You will notice that this list is long and diverse. No one item accounts for more than 15% of total revenues. This gives New Hampshire resilience...