Commentary Responding to Democrats in her party who are troubled by the massive $3.5 trillion spending bill that would forever transform America into a debtor nation, Speaker Nancy Pelosi asked a question: “Where would you cut?” Her question carries with it a conceit held by many contemporary politicians that every government program is sacred and must not be touched….
There Goes Grandma Over the Cliff
Commentary Democrats have made a living in recent times with political attack ads fallaciously accusing Republicans of secret plans to destroy Medicare and Social Security. In one famous TV ad, then-House Speaker Paul Ryan was depicted as shoving an elderly woman in a wheelchair off a cliff. Well, Republicans may want to reprise that ad—and…
Should the US Constitution Be Amended to Limit Borrowing From the Future?
The U.S. national debt is at a staggering $28.6 trillion, which is $227,474 on each of us taxpayers, according to usdebtclock.org. The recent federal infrastructure bill adds $256 billion to the deficit over 10 years. Education standards are diminishing, and governments are loosening laws around petty crimes, to name a few indicators of portending trouble….
Economist Stephen Moore Predicts Financial Crisis Within Next 18 Months
SALT LAKE CITY, UT—Excessive government spending and mounting national debt will likely trigger a financial crisis in the next 18 months, economist Stephen Moore warned on July 28. “It’s a very precarious time economically for the country,” Moore told The Epoch Times during the annual meeting of the American Legislative Exchange Council (ALEC) in Salt…
US Treasury to Hit Debt Ceiling by November: Congressional Budget Office
July 21, 2021
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The Congressional Budget Office (CBO) said on Wednesday that the U.S. Treasury Department is projected to exhaust its debt limit by October or November, as Democrats seek to raise that limit for trillions more in funding. Republicans say they oppose the move. As of June 30, an additional $6.5 trillion had been borrowed, bringing total federal debt…
On a Collision Course With National Disaster
Commentary If I were leading President Joe Biden’s central committee and my goal were to destroy America as founded and ensure that it lose its distinction as the world’s freest and most powerful nation, I doubt I could concoct a superior strategy than adopting the Biden administration’s message and policy agenda. The administration is creating…
Americans Poorly Informed on Deficit, Police Shootings, Health Insurance Coverage, Poll Shows
Americans had trouble picking the right answer on several politically salient topics, a poll of likely voters has shown. Supporters of President Joe Biden were wrong more often compared to those who disapproved of the president, though on no question did a majority of respondents answer correctly. Less than one in five of those approving…
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…
How Fiscal Policies Are Used to the Advantage of Politicians and Big Businesses: Convention of States Activist
Tax policies and government spending are used to encourage or discourage certain behaviors within society and can be considered instruments of social policy, said Wendy Damron, external relations manager at Citizens for Self Governance Charleston and the district captain for the South Carolina Convention of States Project. There are some favors and loopholes in the…
Fed Chair: Current Level of US National Debt is ‘Very Sustainable’
WASHINGTON—Federal Reserve Chair Jerome Powell on April 14 pushed back on warnings about a rising federal budget deficit and national debt due to aggressive fiscal response to the pandemic and said the “current level of the debt is very sustainable.” “There’s no question of our ability to service and issue that debt for the foreseeable…
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