With U.S. government revenues rising, 2023 might have been a good year for Congress to get America’s post-COVID-19 finances on track, but the budget deficit is still growing. You can thank overspending for this. It’s also the reason we’ve had…

California’s Legislative Analyst’s Office announced Thursday that California faces a $68 billion deficit — the largest in state history. For comparison, that’s bigger than Maryland’s entire budget for fiscal year 2024. California Gov. Gavin Newsom’s efforts to present California as…

“For every complex problem,” wrote H.L. Mencken, “there is an answer that is clear, simple, and wrong.” The issues of “health care, infrastructure, education,” and “climate change” could all be solved — according to Stephanie Kelton, author of The Deficit…

Writing in this space a few weeks ago, I argued that in several ways the United States is exhibiting characteristics remarkably similar to that of the Roman Empire during its decline in the Christian Era. Like second century Rome, we…

President Joe Biden is praising “Bidenomics,” a self-congratulatory term he coined, despite broad economic disapproval among Americans and the specter of recession hanging over the country. The American people have experienced Bidenomics’ genius firsthand — with inflation negatively affecting staples…

The meaning of “hubris” has evolved over the centuries. Today, it has come to mean too much pride and even an insolent sense of self-confidence. One of the definitions of the word  “ύβρις” in ancient Greece was disregard for the…

Whenever we have a national conversation about government debt, Democrats invariably respond that spending is not the reason the debt is now nearly equal to our national GDP. The real cause of our indebtedness, they inform us, is that taxes…

I’ve got a video to show you that you probably haven’t seen. It’s 14 minutes long, and it’s from the testimony last week by Treasury Secretary Janet Yellen at the Senate’s hearing on the Biden budget. And specifically, Sen. John…

Federal revenues project higher for the next 10 years than the average for the past half-century. So how, with record revenues, can the forecasted debt-to-GDP ratio soon surpass any in the history of the United States? On Wednesday, the Congressional…

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…