Tag Archives: deficits

Freedom at the tipping point

(Denver Post, Apr. 18) “The British are coming,” Paul Revere’s alarm to the Massachusetts countryside on this day in 1775, conveys an urgency you don’t get from the equivalent warning of 2010, “The bankruptcy is coming.”

Fact is, though, fiscal implosion threatens the aging United States of today as grimly as the redcoats threatened the newborn nation of 235 years ago. The question is whether Americans will come awake as the patriots did on that historic night, or sleepwalk into the abyss. I fear for our country, optimist that I am, because the answer is not clear. Continue reading

Fiscal folly humbles Calif. as it did USSR; who’s next?

I was able to get a high powered, expensive education courtesy of the taxpayers of the state of California. For only pennies on the dollar I got a BA from a Cal State and an MA and a PhD from the University of California. Unfortunately, taxpayers revolted and put a limit on how much the state can tax their property (Proposition 13), so the state now has to rely on other sources of revenue, like income and business taxes. For that reason taxpayers and businesses have fled California for states with lower taxes, as I did by moving to Colorado and not paying back the state for that education though a lifetime of heavy taxation. Continue reading