Free Republic

Galveston, TX - A standing room only crowd overflowed the Galveston County Commissioners Court on Tuesday. Normally it’s easy to get a seat to watch the proceedings, however, the unveiling of the proposed countywide redistricting maps was on the agenda so Judge Mark Henry was treated to a packed house. As you might expect emotions were high with such a hot button issue on the schedule. Joe Nixon and Trey Trainor, attorneys from Beirne, Maynard and Parsons, presented the maps with the underlying demographics behind them and then commissioners began asking questions. Commissioner Holmes led the charge asking a number...

America's public debt recently exceeded 13 trillion. This is more than 90 percent of the country's GDP. Public debts of more than 60 percent of GDP are considered unhealthy. Public debts above 90 percent of GDP cause severe disruptions in the country's financial framework and the economy at large. According to the Obama administration, America's public debt will exceed 100 percent of GDP in the next fiscal year. History shows that most countries whose debt exceeds this mark are rarely able to control it. This level of indebtedness usually leads to currency debasement. There are a few historical examples whereby...