Serving Southern Jefferson County in the Great State of Montana
Serving Southern Jefferson County in the Great State of Montana
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For a few years I have watched our National Debt as it soared at a frightening rate, much like watching a teenager with a credit card. A basic description of our nation’s debt is what money our government has borrowed from sources, such as private investors, different federal agencies, and other nations. The ability to pay that back is a comparison of our gross domestic product (GDP) to debt ratio. Financial experts start to worry when a country’s debt reaches 77% of that country’s GDP. As they worry about that country’s ability to repay that d...
Lawmakers in Washington are back at it again. As we speak, they’re debating whether they should send bailout money to the states. This is not the best path forward. Why? Because many states have mismanaged their budgets for years (well before this pandemic). When the first paycheck stimulus was created in the senate, the total bill was less than a trillion dollars, then the house got ahold of it and it ballooned to 2 trillion dollars. The latest stimulus plan will give 2 more trillion to states, states that have spent their citizen provided r...
