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.
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.
Parents and grandparents who otherwise work hard to help their kids have no compunction about burdening them with endless budget deficits resulting in a crushing national debt.
Shortly before departing for their Christmas break, lawmakers of both parties voted to waive provisions that would have led to federal spending reductions over the coming decade.
If Congress fails to comprehensively reform Medicare, seniors will miss out on significant savings, and taxpayers will miss out on the opportunity to slow the program’s cost growth.
The Tax Cuts and Jobs Act cuts rates for most tax brackets, substantially reduces business taxes, increases the standard deduction, and eliminates many tax loopholes and deductions.
Defenders of Roy Moore should reflect that in an era of crisis we’re going to have to fall back on the strength of our values, norms, and institutions.
This is the stage some of us have been waiting for: when Trump tacks back to the Left, makes nice with Democrats, and sells out his core supporters.
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.
President Trump has proposed cutting the State Department’s budget. Its mission will prevail. The power of cultural diplomacy comes from people, not government funding.
The rise of Donald Trump is the entirely predictable result of decades of purblind progressive influence on American life.
Peering through the murk, what we see in our current political memes about globalism is a noisy celebration of half-truths and half-baked ideas.
Hillary Clinton’s plan for a ‘fair’ economy looks like a populist’s dream, but two studies find it would simply double down on President Obama’s failures.
Michael Tanner at the Cato Institute joined Federalist Radio to explain the role of economics in our communities, our job markets, and our national debt.
Under President Trump, things you buy will get a lot more expensive, your paycheck will shrink, health care will decline, and jobs will be even harder to find.
Federal deficits have temporarily declined, so some in Congress want to party on by spending even more decades of future tax revenues.
President Obama: “Community colleges are so effective, we should shove every kid into one!” Those midterms clearly put him off the deep end.
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