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…
In 2012, prompted by a U.S. Supreme Court ruling, Barack Obama turned what had been a “gun to the head” of state lawmakers and governors into an act of extraordinary (if reckless) generosity. The then president offered the states “free…
