President Joe Biden is annoyed. On Saturday, during a speech to the Congressional Black Caucus, he complained: “I’m so sick of Republicans saying we’re the ‘big spenders.’ Give me a break. Give me a break.” He all but said in…
The nonsensical coverage of the debate over paid leave continues. Apparently, opposing a federal paid-leave program is the equivalent of being anti-family or pro-suffering, or so we’re told. We rarely get information about the full consequences of such a policy….
Some emergencies require an increase in government spending, but that comes with an understanding that the higher levels of spending are unusual and will not be sustained. Unfortunately, this understanding seems to be lost on the Biden administration. Exhibit A…
Former Treasury Secretary Henry Paulson issued a stern warning in last week’s Wall Street Journal: “A world-class financial system can’t exist in a country that fails to maintain the quality of its credit.” America’s debt problem was already wildly out…
President Donald Trump’s proposed fiscal year 2021 budget has been released. Generally, budget documents are more of a statement about priorities and aspirations than of anything else. This proposal is typical: It’s full of unrealistic assumptions, as well as “savings”…
There is no shortage of prodigal people in the world. They chain themselves to expensive habits or addictions, pursue short-term pleasures and conveniences, are wasteful with other people’s money, and increase their spending when their incomes decline. Their sins are…
House Speaker Nancy Pelosi (D-Calif.) and the Trump administration on Tuesday arrived at a budget and debt agreement for the next two years. The deal will reportedly increase spending in both defense and non-defense areas and suspend the debt ceiling until…
Moderate Democrats in Congress are finally showing some backbone. A “Blue Dog” coalition of 27 Democrats is supporting a joint resolution proposing a balanced-budget amendment to the Constitution. Rep. Ben McAdams (D-Utah) introduced the legislation, H.J. Resolution 55. In the…
The Trump administration just delivered a massive budget to Congress. A look at the numbers and the talking points drafted to defend it confirms that budgets favor politics over policy. This also confirms that it really doesn’t really matter who…