Since Grover Cleveland was president, no one has accused the average politician of being principled or even consistent. Year after year, Republicans claim to care about fiscal prudence but, when in power, spend like Democrats. In their turn, Democrats insist…
If you follow policy debates long enough, arguments you never thought you’d hear can become key components of the two parties’ policy platforms. That’s certainly the case when it comes to some Republicans and their new “never touch Social Security…
The long and tedious battle for House speaker ended with the GOP arguably more focused on fiscal responsibility and cutting spending. To accomplish this, Republicans are demanding spending cuts in exchange for raising the debt ceiling. Asking for some future…
After 15 failed attempts, California Rep. Kevin McCarthy finally secured the House speakership. Many worry that the concessions McCarthy made to secure his victory — especially commitments to restrain government spending — make the upcoming prospect of raising the debt…
The recent release of former President Donald Trump’s tax returns has triggered two seemingly contradictory reactions. Some people are eager to point out that considering his many heavy losses, Trump might not be as good as legend has it at…
In the final week of 2022, we Americans can foresee two significant economic risks in 2023. The first one is a probability that the Federal Reserve will get weak-kneed and stop raising interest rates before inflation is truly under control….
Dealing with high inflation and an increasingly shaky economy, Americans are forced to make tougher spending choices. With public debt at an all-time high, government should do the same. This feat isn’t that hard now that the Congressional Budget Office…
For some time now, legislators have been eager to jack up subsidies for workers, whether it’s by raising the Earned Income Tax Credit (EITC), hiking the minimum wage, or simply giving out cash benefits. Indeed, Democrats are hoping to achieve…
Congress’s lame-duck session is an ideal time for both parties to pass last-minute legislation while voters are busy Christmas shopping and before members who lost their reelection bids surrender their seats in January. Especially this year, real danger lurks in…
Democrats have lost the House of Representatives and, along with it, the chance to pass more of their preferred policies in 2023. This makes the “lame duck” period before the January arrival of the new Congress their last opportunity to…