As most everyone knows, the federal government is now in debt to the tune of more than $22 trillion. Since federal officials are now spending, on an annual basis, around a trillion dollars more than what they are bringing in with taxes, that is going to raise the federal debt by a trillion dollars every year. We are reminded of this phenomenon by the periodic debate on whether Congress should raise the debt ceiling, an implicit acknowledgment that too … Continue reading Abolish Foreign Aid, All of It