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Opinion

Is the US Credit Rating Too High?

Is the US Credit Rating Too High?
BY MICHAEL BUSLER
SPECIAL TO NEWJERSEYNEWSROOM.COM
OPINION

The US public debt (the total of all annual budget deficits) now exceeds $17 trillion and is climbing rapidly. By the time President Obama leaves office, the public debt will likely be more than $20 trillion which is almost double what it was when Obama took office. In other words the current President will have incurred almost as much debt as all other 43 presidents combined. Why is the debt so big?

The problem started in the 1940’s. In order to finance World War II, the federal government sold war bonds. These were primarily 20 year bonds, which meant they would have to be repaid in the 1960’s. The problem was that there was never any mechanism put in place to repay the bonds, so that when they matured, the debt was simply “rolled over” which meant new bonds were sold to repay the existing bonds. This practice continues today.

 

This Year’s Voters May be Less Informed and Educated than Ever

This Year’s Voters May be Less Informed and Educated than Ever
BY RICHARD A. LEE
NEWJERSEYNEWSROOM.COM
COMMENTARY

Today’s political candidates campaign in a world in which news and information travels with unprecedented speed and arrives on smartphones that we carry...

Just How Much Have We Shared The Wealth?

Just How Much Have We Shared The Wealth?
BY JOE SINAGRA
SPECIAL TO NEWJERSEYNEWSROOM.COM
OPINION

Congress receives pay at 3.4 times more than the average American worker makes.

Congress receives the equivalent of $14,000 in paid time off . . . a...

The Property Tax Debate: It’s Time to Put Every Idea on the Table

The Property Tax Debate: It’s Time to Put Every Idea on the Table
BY STEVE ADUBATO, PhD
SPECIAL TO NEWJERSEYNEWSROOM.COM
COMMENTARY

Property taxes in our state have been out of control for decades. There is no quick fix, no silver bullet that would turn the situation a...

Champion or Villain: Is Ted Cruz Next Year’s Hero?

Champion or Villain: Is Ted Cruz Next Year’s Hero?
BY MICHAEL BUSLER
SPECIAL TO NEWJERSEYNEWSROOM.COM
OPINION

The government shutdown has temporarily ended and the government has re-opened, although that may be temporary too. The main reason for the shu...

Booker Takes N.J. Senate Seat .... but Christie is the Big Winner

Booker Takes N.J. Senate Seat .... but Christie is the Big Winner
BY MICHAEL HAYNE
SPECIAL TO NEWJERSEYNEWSROOM.COM
COMMENTARY

New Jersey finally got the answer to its $25 million question: Christie squandered $25 million tax-payer dollars to make sure that Cory Booker...

My Obamacare Nightmare

My Obamacare Nightmare
BY SYNNOVE BAKKE
SPECIAL TO NEWJERSEYNEWSROOM.COM
OPINION

I may be exempt from Obamacare.

So recently I reluctantly decided to check out Obamacare because I’m a law abiding citizen and worry that I’ll get...

Lonegan vs. Booker: The Home Stretch

Lonegan vs. Booker: The Home Stretch

 

 

 

See Minute with Murray Video below:

http://www.youtube.com/watch?v=SKoBcsHwH1Y

The Shutdown in New Jersey

The Shutdown in New Jersey
BY RUSH HOLT
U.S. REPRESENTATIVE FROM N.J.'S 12TH DISTRICT
COMMENTARY

About 31,000 New Jerseyans work for the federal government. Many of these public servants have been furloughed; the remainder are co...

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