It was nearly 50 years ago that a liberal Congress completely dominated by Democrat big spenders passed a new set of budget rules — the Congressional Budget and Impoundment Control Act of 1974. It has been a complete and unmitigated disaster. Since the act’s passage, the budget […]
We’re in a new year, but the headlines from Capitol Hill feel old. Once again, Congress has been debating its annual spending bills. And once again, a fiscal deadline looms: There will be a partial government shutdown on Friday unless Congress passes something in time. Considering that the gross national debt is now more than $100,000 for […]
It’s not just the state of California that is facing a big budget deficit. San Francisco’s own projected deficit keeps growing. Just last month, Mayor London Breen announced she was looking for a 10% budget cut to deal with a projected deficit of $800 million. City budget officials have projected a deficit of $800 million […]
In May 2023, when then-Speaker of the House Kevin McCarthy negotiated a debt limit deal that included spending limits, the gross national debt stood at just under $31.5 trillion. Conservatives in the House were deeply upset about the debt deal, which contained fraudulent gimmicks to get around the announced spending limits. Less than eight months […]
Americans are strongly dissatisfied with the direction of the country and the economy. According to Gallup, just 19% of the public is satisfied with how things are going, compared with 80% who aren’t. Incredibly, consumer sentiment is lower now than it was during the COVID-19 lockdown in 2020. It’s easy to see why. Inflation remains […]
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