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”…
My fellow taxpayers, this is your quarterly warning that Uncle Sam is not a good steward of your money. The Congressional Budget Office (CBO) just released its most recent 10-year projections for federal spending and revenues. The picture is not pretty….
Bipartisanship, a rare commodity in 21st-century Washington, returned to the Capitol this past week. Democrats and Republicans came together to put Americans further into debt. The House of Representatives voted to suspend the debt ceiling until March of 2021. The…
The United States Constitution vests authority over the purse — the power to create, collect taxes, and borrow money — to Congress. According to the Congressional Budget Office, revenue for the 2020 fiscal year is anticipated to be at $3.643…
Donald Trump called for $1.5 trillion in infrastructure spending in Tuesday’s State of the Union address. “Tonight, I’m calling on Congress to produce a bill that generates at least $1.5 trillion for the new infrastructure investment that our country so…
Can tax cuts exist in the era of the $20 trillion debt? A better query asks: how do spending increases thrive in the era of the $20 trillion debt? Investor’s Business Daily indirectly answered these questions in an editorial earlier…
As the national debt approached $20 trillion last week, the staggering number called for the brakes. Instead, Washington stepped on the gas. “For many years, people have been talking about getting rid of debt ceiling all together, and there are…