“Mammoth spending bills are bankrupting America!” Elon Musk wrote over a shared tweet showing the national debt trendline resembling an unclimbable mountain. “ENOUGH.” Musk, who heroically sacrificed millions of his own money by leading the Department of Government Efficiency, likely…
America’s debt-addicted government just lost its triple-A credit rating from Moody’s, as it previously had from fellow rating agencies S&P and Fitch. Many in Washington shrugged the move off as minor or as unfair treatment of the Trump administration. The…
As of Friday, the United States is no longer a member of the elite club of top-tier debtors. Credit rating agency Moody’s has delivered its verdict: the U.S. government’s credit score has been downgraded from AAA to AA1. What’s most…
President Donald Trump’s 2026 “skinny budget” is out, and at first glance it gives small-government advocates reason to cheer. It proposes deep cuts to domestic agencies, calls for eliminating redundant programs, and gestures toward reviving federalism by shifting power and…
America is undergoing a profound transformation. Gone are the days of reckless deficit spending and bloated government. In their place: fiscal consolidation, industrial renewal, and a return to assertive trade policy. A review of the economic agenda from President Trump’s…
President Donald Trump’s order to pause almost all federal grants and loans that do not go directly to (or, like student loans, directly for the benefit of) an individual, was likely illegal, at least for spending whose recipients are specifically…
Lyndon Johnson feared conservatives as “The Great Beast” in American politics. The Great Beast flexed its muscles on Wednesday. The continuing resolution failed because establishment Republicans for once feared upsetting conservative members of their own majority party more than displeasing…
No matter the result of next month’s election, President Joe Biden will soon leave the White House. That makes it a good time for a nearly final assessment of his and Vice President Kamala Harris’ first-term legacy on federal spending…
In a recent 9–7 ruling in Consumers Research v. FCC, the Fifth Circuit Court of Appeals held that allowing a private company to manage the funding for a $9 billion government program violates Article I of the Constitution. This case highlights a…
