On August 1, the debt limit will reset at its new level, likely north of $28 trillion, at which point the Treasury Department will use extraordinary measures to remain below the new limit.
Washington’s welfare-industrial complex both discourages work and leads people to expect that government will solve the problems government has created.
What Congress is doing, as it always does, is attempting to throw money at the problems that we and state and local legislatures have created.
Every stimulus grabs control from shoppers and hands control to government people. You will pay again later by getting less for the lower-value dollars as Social Security checks.
To say America appears headed for a destabilizing debt crisis is not the same as saying every cultural consequence will be negative. It could well lead to a mass religious revival.
As long as the Pentagon is a sacred cow, the United States will never balance its budget. If our military stops being the world police, it can have all the ships and planes it needs to keep us and the troops safe.
Jerome Powell, the chairman of the Federal Reserve, issued an ominous warning to lawmakers Wednesday that the federal budget is on ‘an unsustainable path.’
The president’s budget proposes we spend vastly more money for 15 years than we take in, and lead us to spending more in interest payments than we do on Social Security or defense.
Congressional salaries should be reduced every time a budget is passed with spending exceeding revenue, a firm cap on spending should be imposed, and entitlement reform should become an urgent priority.
The more I watched, the more I became convinced that Marie Kondo is the hero we need to declutter the giant, oppressive mess we’ve made of the U.S. government.
If inflation reaches ‘80s levels and the Fed responds by increasing interest rates to ‘80s levels, the United States will undergo a jarring debt crisis.
With the federal debt at $21 trillion and rising, if Congress will not act on this package, when will it discover fiscal discipline?
An internecine debate about conservative support for Trump raises important questions about the role of the pundit and the purpose of debating ideas.
The two immense challenges we citizens will eventually be forced to face are the staggering explosion of federal debt and the accompanying increased dependency upon government.
If we ignore Congress, every autopilot spending program in existence, and trillions in Obama spending, then maybe we can blame debt solely on the GOP.
President Trump signed a deal to avert a government shutdown for another two years by basically giving the Democrats all the spending they wanted.
Neither party wants to reduce spending—a bad sign for future generations, who will pay the price for current leaders’ profligate ways.
The idea that we must rob from Peter to pay Paul has led to historic levels of taxation in this country and helped stifle economic growth for decades.
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