Commentary In “Armageddon,” Bruce Willis blows himself up on an asteroid to save his daughter and all of humanity. (Sorry for the spoiler, but the movie is 25 years old.) That theme—parents providing for, and sacrificing for, their children—is the deeply moral and moving story that Americans used to love. I say “used to,” because something…
Budget Committee Republicans Vow to ‘Reverse the Curse’ of Uncontrolled Spending
Republican members of the House Budget Committee pledged to pay the nation’s bills but vowed not to give President Joe Biden an “unlimited line of credit.” The latest volley in the war of words over increasing the nation’s debt ceiling came Feb. 8 as Republican committee members, led by Chairman Jodey Arrington (R-Texas) issued a…
The Debt Ceiling and Why It Matters
President Joe Biden and House Speaker Kevin McCarthy (R-Calif.) met on Feb. 1 to talk about raising the U.S. debt ceiling. Many Americans, however, may not have a whole grasp on what that is, though oddly so many have an opinion on what should be done about it. A recent poll conducted by RMG Research,…
The Debt Ceiling Is the Hammer
December 5, 2022
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Business & MarketsBusiness Columnistsdebt ceilingdeficit spendingOpinionpublic debtThinking About Chinaus treasury
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Commentary America’s public debt is now over $31.3 trillion! Watch the U.S. debt clock increase in real-time (here) and be shocked and amazed at how fast the debt is increasing. As the U.S. Treasury Department reported, “the national debt ($31.35 T) is the total amount of outstanding borrowing by the U.S. Federal Government accumulated over…
‘A Kind of Newspeak’: ‘Modern Supply-Side’ Budget Downplays High Costs of New Spending, Say Experts
News Analysis Canada’s Finance Minister Chrystia Freeland classified her budget as “modern supply-side economics,” but its greater reliance on government spending represents a new twist on the concept, some experts say. In her April 7 budget speech, Freeland said that “housing and immigration and skills and child care” are not only social policies, but “just…
Is Biden’s Budget Proposal Fiscally Sound?
April 1, 2022
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Business & Economydeficit spendingeconomic policieseconomyExecutive BranchFY 2023 Budget ProposalJoe BidenPolicies & ImpactsPoliticsUSUS News
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President Joe Biden is advertising his 2023 budget proposal as being fiscally solvent, but critics say claims that it lowers the deficit are misleading. When Biden first announced the budget plan Monday he listed “fiscal responsibility” as its first value, noting a more than $350 billion cut to the deficit last year and a projected…
Biden’s $5.8 Trillion Proposed Spending Plan Calls on Congress to Fill in the Blanks
March 29, 2022
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biden administrationBiden administration's climate agendaBiden infrastructure packagebudget deficitBuild Back BetterDefense spendingdeficit spendingeconomyFY2023inflationinfrastructureNational SecurityPolicies & ImpactsPoliticsSocial IssuesUnited States federal budgetUSUS News
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President Joe Biden’s proposed United States’ federal $5.8 trillion Fiscal Year 2023 budget increases overall domestic spending by 7 percent, boosts military allocations by 10 percent and includes a raft of new tax levies for high-income earning individuals while raising the corporate income tax from 21 percent to 28 percent. The 149-page proposed budget introduced…
Our Bi-Partisan Fiscal Insanity
Commentary I’ve been sounding the alarm about chronic federal deficit spending—practiced by both Republicans and Democrats—steering our country into a fiscal abyss for over a decade. I feel like a broken record as I periodically chronicle the folly of it all. The process has taken on an air of inevitability as we watch what feels…
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