Politicians’ knee-jerk tendency is to spend money. They receive credit for accomplishing something while spending other people’s money. Economists often help politicians by promoting the myth that federal spending stimulates the economy. In fact, federal spending consistently weakens the economy, lowers living standards, and often creates serious problems. The stimulus myth does not apply to…
The Myth of Government Stimulus
February 6, 2023
admin
Business & MarketsBusiness Columnistseconomic policieseconomyGovernmentmythPolicies & ImpactsstimulusUS
0 Comment
Several US States Offer up to $1,500 Bonus Checks to Teachers Ahead of Holidays
School districts in several states are offering some holiday cheer to teachers in the form of bonus checks of up to $1,500. Veteran teachers in the Fort Smith School District of Arkansas will receive a $1,500 stimulus check by Dec. 15, according to a memo obtained by media sources. The school board approved the idea…
Too Much Stimulus Is Key Cause for a Coming Recession, Says Bank of America CEO
Excessive stimulus spending by governments during the pandemic is a key cause for a coming recession next year, according to a major bank CEO. Too much stimulus money was printed during this time that the United States needs to “adjust to that decision, and that’s why you’re seeing the Fed tighten quick,” Bank of America’s…
High Inflation ‘Not All on Biden,’ as Trillions in Fed Stimulus Partly to Blame: Rattner
November 4, 2022
admin
Business & Marketseconomic policieseconomyFederal ReserveinflationPolicies & ImpactsstimulusUSUS News
0 Comment
A former Obama administration adviser said on Thursday that soaring inflation is in part due to continued public spending of large amounts of COVID-19 stimulus, stating that the Biden administration is not entirely to blame. Steven Rattner, who served as an adviser to the Secretary of the Treasury under the Obama administration made the comments…
Millions of Americans Are Still Eligible for a Stimulus Check, and Time Is Running Out
Millions of Americans are still eligible to get a COVID-19-related stimulus payment, according to the Internal Revenue Service (IRS) in a recent update. Some homeholds, the IRS said, are eligible for a potentially large payment. About 9 million primarily low-income individuals did not claim either all or portions of several stimulus payments that were sent…
Biden Defends Hunter on Possible Charges; Millions May Still Be Eligible for Stimulus Payment | NTD News Today
President Biden on Tuesday said he has “great confidence” in his son. The president defended Hunter Biden over allegations that he lied on a background check before buying a handgun in 2018. Millions of Americans may have missed their COVID-19 stimulus payments — and are still eligible. But a new report says time is running…
Another Stimulus Package From Beijing
Commentary Beijing has launched yet another economic stimulus program. After a rather large stimulus package in May and a June declaration that no more was needed, Beijing in late August launched a 19-point stimulus effort. Whatever Beijing’s judgment in June, China’s economy cried out for more help. The lingering and still-powerful effects of real estate…
Child Tax Credit Checks to Hit New York Mailboxes
September 9, 2022
admin
Business & MarketsDemocratseconomic policieseconomyinflationLocal NewsNew YorkNY NewsNY PoliticsPoliticsRegional-Local NewsstimulusUSUS News
0 Comment
Millions of dollars in child tax relief checks will soon be distributed across New York state in the coming weeks, Gov. Kathy Hochul’s office announced. Her office said the checks will arrive by the end of October, coming just days before the midterm elections. The Democrat governor is up for reelection against GOP challenger Rep….
Surprise One-Time $1,650 Checks Being Sent out in Pennsylvania
Some Pennsylvania residents who are elderly or disabled are eligible to get another, one-time rebate payment, according to the governor’s office. Pennsylvania Gov. Tom Wolf announced that residents who already received a property tax or rent rebate would get an additional one that’s 70 percent of their original rebate—or up to $1,657.50, according to a…
East Coast State Sending One-time $1,650 Checks
Some Pennsylvania residents who are elderly or disabled are eligible to get another, one-time rebate payment, according to the governor’s office. Pennsylvania Gov. Tom Wolf announced that residents who already received a property tax or rent rebate would get an additional one that’s 70 percent of their original rebate—or up to $1,657.50, according to a…
US News
RSS Error: A feed could not be found at `https://www.theepochtimes.com/c-us/feed`; the status code is `200` and content-type is `text/html; charset=utf-8`