Critics of House Speaker Mike Johnson’s recent $1.2 trillion funding package have compared Congress to a drunken sailor, which is an insult to intoxicated swabbies everywhere. After all, they stop spending once they burn through their earnings. The U.S. government…
Over the years, I’ve offered many explanations about why the trajectory of the national debt is deeply troubling. At this point, though, my worry isn’t rooted in a dogmatic adherence to the principles of a balanced budget. Nor does it…
The year 2023 is now over, marking the first year after China ended its Covid lockdown. However, the Chinese economy did not experience the robust recovery predicted by many at the beginning of the year for the post-pandemic era; instead,…
Breitbart’s John Carney reads into the Federal Reserve’s “Summary of Economic Projections” its anticipation of a coming contraction. Given the healthy growth likely experienced in the first quarter, a prediction of .4 percent growth for 2023 likely means, according to…
California — uh, make that Florida — here I come. Sorry, Billy Joel. The number of people in a “New York state of mind” has dwindled down, in the words of the song, to a precious few. The ranks of…
Sen. Elizabeth Warren described herself on CNN Sunday as “very worried” that the economy may fall into “recession.” She did not also share her fears of a Simon & Garfunkel breakup or predict the Johnstown Flood. The U.S. gross domestic…
TWIL: What everybody thought constituted a recession no longer does. The Bureau of Economic Analysis announced that gross domestic product (GDP) fell by 0.9 percent in the second quarter. This follows a 1.6 percent contraction in the first quarter. Recession,…
When future historians look back on American industrial history, the fact that not one of the original 12 components of the Dow — American Cotton Oil, American Sugar, American Tobacco, Chicago Gas, Distilling & Cattle Feeding, General Electric, Laclede Gas,…
Some emergencies require an increase in government spending, but that comes with an understanding that the higher levels of spending are unusual and will not be sustained. Unfortunately, this understanding seems to be lost on the Biden administration. Exhibit A…