All posts tagged: Barack Obama

“Investment” and Romney’s taxes

Leave a comment
Economics / Political Commentary

One of president Obama’s favorite rhetorical tools is to use the term “investment” when discussing his economic philosophy. Common examples include “infrastructure, education, green jobs and basic research.” He calls these “investments” as he makes the case for more government spending (aka higher taxes and bigger government).┬áMr. President, I don’t think that word means what you think it means. “Investment” without a greater return is just an expense. Pumping $500 million into a solar power […]

A Debt Ceiling Synopsis

Leave a comment
Economics / Political Commentary

One of the goals of my blog is to distill the world of politics and economics down to a format that most people can digest. Today’s topic: the debt ceiling. It’s important, but it’s also complicated. I’ll try to bring you up to speed in under 1,000 words. THE NATIONAL DEBT Just like every household can have debt, so can our government. And like households, the government must balance its income with its expenditures in […]