The Minnesota Watchdog’s 2013 Session Wrap Up

In analysis, commentary, news by Bruce Kaskubar0 Comments

The Minnesota Watchdog has some comments about our state’s just-completed legislative session. (We’d link to it but it’s not on his web site, yet.) Everything below this paragraph is Watchdog’s. We will start this edition of the Watchdog by noting that this was without a doubt the worst legislative session in memory. Given the composition of the Legislature and Governor Mark Dayton, this was no surprise. Republican missteps ranging from the candidacy of Tom Emmer to the “ready, fire, aim!” strategy of the gay marriage amendment campaign, led in part to this historically bad state of affairs. Thankfully, the DFL has obliged the GOP heading into 2014 by engaging in an epic orgy of overreaching governmental intrusion that will no doubt cause more than a few DFLers to lose …

More interest on federal debt than all of Bill Clinton’s 1995 budget

In analysis, news by Bruce Kaskubar0 Comments

“Here’s the number to keep in mind: $763 billion. If enacted, Barack Obama’s latest budget would mean that in just ten years, interest payments alone on the national debt would begin pushing the trillion-dollar mark: $763 billion a year by 2023. That may be a rosy estimate: It assumes that interest rates, currently near historic lows, do not rise a great deal over the next ten years as the Treasury continues to pile up new debt. If interest rates do climb a bit higher … then those interest payments easily could be more than $1 trillion a year. But let’s stay with that $763 billion a year for now. How much money is that? It is more money than the federal government spent on anything in 2011: The …