The House Ways and Means Committee held a markup on March 8 of a bill that would ensure the principal and interest of the U.S. national debt is paid. The Default Prevention Act comes as the United States is on the brink of defaulting on its obligations. Treasury Secretary Janet Yellen has warned that the…
House Ways and Means Committee Debates Bill to Prevent Default Over Debt Limit
Scholars Rank Biggest Spending Presidents as the Greatest
Commentary Before President Joe Biden entered the White House, he consulted with several prominent historians about how to be a great commander in chief. Their answer: Grow government. Spend, spend, spend. Don’t worry about blowing up the debt. It was the worst possible advice, and that meeting no doubt contributed to our economic calamity. So,…
Krugman’s Accounting of the National Debt Is Jailworthy
Commentary The national debt has risen at a blistering pace over recent decades and is now higher than any era of the nation’s history—even when adjusted for inflation, population growth, and economic growth (GDP). Denying this reality, Nobel Prize-winning economist Paul Krugman recently wrote two columns for the New York Times in which he claimed that the debt is an “overhyped issue” and…
The Case for Risking Default on the Debt
February 16, 2023
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Commentary The same old game is starting all over again. The big spenders in Congress and the administrative state are demanding an increase in the debt limit. Republicans aren’t happy about it. They are demanding some fiscal responsibility. The negotiations begin. But the cards are stacked, and why? Because the bad guys in this drama…
Capitol Report: Ohio Governor Reacts to Train Chemical Spill; DOJ Concludes Investigation Into Rep. Matt Gaetz
February 15, 2023
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The Ohio governor says the state wasn’t notified that hazardous materials were on the train that derailed. Now, he’s calling on Congress to make sure something similar won’t happen again. The national debt is on track to become a record-breaking share of the economy in five years. What does Democrat leader Chuck Schumer say is…
Don’t Fall for Biden’s Economic Fairy Tale
Commentary Like Nero bragging about rebuilding Circus Maximus after burning it down, President Joe Biden took to the podium Tuesday night to take credit for solving a slew of problems he helped create. At the top of his State of the Union address, the president boasted that he had “more jobs created in two years…
Spendaholic Politicians Are Destroying Your Economic Future
Commentary Most people don’t lie awake at night worried about the national debt. Unfortunately, that includes President Joe Biden and the spendaholic Democrats in Congress. They should be worried. Frankly, so should you, no matter what your politics. Economics is a science, and numerous studies by world-class economists confirm that when a nation’s debt gets…
Capitol Report: US To Send Tanks to Ukraine; Sen. Hawley Introduces PELOSI Act
January 25, 2023
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President Joe Biden is sending tanks to Ukraine. How is the White House reacting to concerns over accountability of Ukraine aid, and what does the White House tell us about China’s continued support for Russia? The back and forth continues on how to handle the national debt. Democrats are asking the GOP for specifics on…
National Debt Reflects a Nation That Has Lost Its Way
Commentary As tensions about raising the nation’s $31.4 trillion debt ceiling build, the headline that should be flashing in front of every American is that our country is not working. Nothing is going to get fixed—really fixed—until we come clean about this basic, sad, and distressing fact. How can it be that we have national…
Experts Warn That GOP and Democrats Need to Balance Raising Debt Ceiling With Reforms to Avert Disaster
January 24, 2023
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President Joe Biden and the Democrats are ensconced in a tough fight with the Republicans over the federal debt limit after the country exceeded the $31.381 trillion ceiling. The White House revealed that “there will be no negotiations,” while the GOP opposes a “clean” increase in the debt ceiling. As both sides hammer out a…
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