For Joe Biden’s economy, what’s up should be down and what’s down should be up. Inflation, fueled by his own over-spending, has proven resiliently high, while real GDP has stubbornly under-performed, despite economic growth being his justification for over-spending. If…
SACRAMENTO — In my American Spectator column last week, I complained about the Republican Party’s descent into protectionism and its move away from free-market policies — in the name of becoming a populist, working-class party. I urged Republicans to emulate Ronald…
By averting a government shutdown, Democrats and more moderate Republicans ensured bigger government, further indebtedness, a greater percentage of the federal budget allocated toward paying interest, and inflation worse than otherwise. Given that the government never really shuts down —…
Remember how, mere months ago, the debt-ceiling deal struck between Democrats and Republicans to avoid a government shutdown was touted as “an historic first step toward shifting government back toward common sense and conservatism”? The hope was that the spending…
Fitch Ratings just downgraded the U.S. government’s credit rating, due in part to Congress’ erosion in governance. Indeed, year after year, we see the same political theater unfold: last-minute deals, deficits, and, all too often, the passage of gigantic omnibus…
It’s common knowledge among budget experts that the budget process is “broken.” Anyone who regularly reads this column knows about debt limits, government shutdowns, out-of-control spending and borrowing … the list goes on. Well, part of the problem is that,…
Politics is sometimes little more than marketing. As evidence, behold the sudden use of the term “Bidenomics” by Democrats to describe administration policies of the past few years. Indeed, what’s being branded as “new” is nothing but the same old…
President Joe Biden and House Speaker Kevin McCarthy spent weeks of negotiating to authorize $4 trillion in new deficit spending over the next two years. This means that our national debt will be $35 trillion in 2025. The interest cost…
Junkies jonesing for a fix say anything to satisfy their addiction. Big-government addict Janet Yellen, who unfortunately also serves as secretary of the treasury (dangerous combination, that), wants more of her drug of choice, which, in her case, means money…
