The American Spectator
•81% Informative
Julian Zelizer : In 19th-century England , a typical London laborer earned 20 shillings per week.
He says the U.S. national debt now is north of $34 trillion ; that number does not include unfunded future liabilities of Social Security , Medicare , and other so-called entitlement programs.
Until the 1960s , a balanced-budget norm constrained Washington ’s fiscal policymaking, except during wartime.
Zelizer says it's obvious that chronic budget deficits are explained by excessive public spending, not inadequate revenue.
Political expedience aside, as Adam Smith wrote, “if [an empire or commonwealth] cannot raise its revenue in proportion to its expense, it ought, at least, to accommodate its expense to its revenue.” William F. Shughart II , research director of the Independent Institute in Oakland , California , is the J. Fish Smith Professor in Public Choice at Utah State University’s Jon M. Huntsman School of Business ..
VR Score
86
Informative language
88
Neutral language
25
Article tone
formal
Language
English
Language complexity
71
Offensive language
not offensive
Hate speech
not hateful
Attention-grabbing headline
not detected
Known propaganda techniques
not detected
Time-value
long-living
External references
6
Source diversity
6
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