Our National Debt Is a Ticking Time Bomb
On April 20, 1997, I published an article in The Washington Post, entitled “Debt is Making Us Poor.” As a Certified Public Accountant (CPA) and former Member of Congress, I said that every citizen has the right to know the real cost of government, and I converted the annual budget of the U.S. government into an easy to read and understandable credit card statement. I wanted to make the point, loud and clear, that we are living on borrowed money and on borrowed time. The last
Economy Watch Q&A with Hon. Joseph J. DioGuardi
Is the current US monetary system Constitutional? Is it corrupt? What can be done to make it more honest or effective? Constitutional or not, from a technical legal point of view, the question should be, “Is it working?” Let me begin by saying that I do not believe that the Federal Reserve is corrupt, but I do believe that it can be made more effective. I am neither a lawyer nor an expert on our Constitution, but I do have a perspective on this. One of the most important aspe
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