In 1776, some of the founding fathers borrowed money from France and the Netherlands to help fund the American Revolution. We owed $43 million by January 1, 1783. Congress voted to raise taxes, as well as to assume some public debt.
In 1790, with a debt estimated at $77.1 million, interest-bearing bonds were issued and the government established its good credit. Alexander Hamilton became our first Secretary of the Treasury. He helped design the strong centralized funding of the United States, including tariffs and taxes. The Louisiana Purchase cost $15 million, at just 4 cents per acre, but it derailed efforts to pay down the debt at that time.
We're looking at important 2012 issues and races in Denver and in Colorado, too. In Denver, we will decide about funding for our public schools, and whether or not to reverse the limits on the Taxpayer's Bill of Rights from previous legislation.
Denver has a database for Campaign Finance Reports, and the Denver Clerk and Recorder's Office will be mailing out notices of the election soon, with summaries of the comments received for and against ballot issues.
At this phase in the election cycle, political ads are a staple of primetime TV and just about every other sort of commercial communications media. While we're accustomed to hearing the words, "I'm Barack Obama / Mitt Romney and I approve this message," the entities claiming responsibility for ads are often unfamiliar to say the least.
To evaluate claims made in political ads, voters can certainly turn to fact-checking resources but there's a case to be made for recognizing the sources of political advertisements and what biases they bring to the table. In this week's post, we'll consider the mandate for disclosure in political ads and identify ways to determine who put up the money and what they stand for.
Montana, 1890. Copper magnate William Clark runs for the U.S. Senate. He is not elected. In 1899, however, he wins the Senate seat, but opponents expose the financial corruption and bribery behind his election.
It happens a lot during election years - a candidate confidently makes a statement of apparent fact and you wonder, “Can that possibly be true? What’s he or she basing that on?” Later, media pundits enter the fray, asserting or denying the claim’s validity with equal vehemence, muddying the water even more. What’s a conscientious voter to do?
It’s times like these when an on-call investigative journalist would come in handy to shed light on the issue before time and tide leave it behind and unresolved.
Democracy - according to Webster: "...a government in which the supreme power is vested in the people .... usually involving periodically held free elections."
Voting is a fundamental right in our democracy, but that wasn’t always the case. It wasn’t even guaranteed in the U.S. Constitution!
Initially the Founding Fathers wanted voting only for wealthy, white landowners, and then only to vote for members of Congress – not for senators, or the president. What a long way we have come from the days of the original Constitution! It took many years of struggle for African Americans (15th Amendment 1870 - Voting Rights Act of 1965) to be able to vote.
Scheer, a hard-hitting journalist for the Los Angeles Times and other rags, reviews interviews with and columns about Nixon, Carter (the one about his lustful heart), Reagan, Bush I (the one in which he said there could be a nuclear war winner), and Clinton. He's never met Bush II but...
Some witty definitions sent from all parts of the nation to The Nation. Here's a good example: Chickenhawk, n. - A perspicacious bird of prey with an aversion to having its feathers ruffled; when the winds of war blow its way, it prefers to remain roosted and use its talons...