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…
During the past three years, under COVID lockdowns and particularly during the period of 2020–21, the federal government has shuttered our economy. The feds’ actions caused a major reduction in America’s capacity to produce. The federal government also increased demand…
The folly of the Biden administration’s recently announced “Inflation Reduction Act” recalls Orwellian slogans such as “Slavery is Freedom.” The plan will throw fuel on the flames of stagflation while accelerating environmental deterioration. The act would raise an estimated $739…
President Joe Biden is taking victory laps for last year’s reduced budget deficit. No one would be happier than me to see this number fall in a significant way. But the decline has nothing to do with the president’s policies,…
President Joe Biden wants you to know he is serious about taming inflation and that he has a plan to do so. Unfortunately, his plan reveals that his administration is either in deep denial or doesn’t understand the real cause…
Washington’s foreign policy establishment, essentially a bipartisan war party more interested in running the world than protecting the American people, is debating going to war — several times over. For instance, there’s Russia. Administration officials warn that Moscow might attack…
The Build Back Better Act (BBBA) H.R. 5376 is an oxymoron since it does not build anything but instead worsens the American work ethic and undermines our nation’s financial future. Suffice to say, America will be far Better off without…
In January, 2001, America had a balanced budget, low debt, and was at peace. Here, briefly, is what lay ahead: war, financial crisis, civil unrest, massive growth of the federal government, and now severe inflation. Never in the history of…