US News The coronavirus and government regulations in response to it could start to cause food shortages as supply lines are being disrupted. [Link] The Pentagon will extend its troop movement freeze beyond May 11th. [Link] Trump announces he is cutting the US funding...
The U.S. national debt pushed above $24 trillion on Tuesday. The U.S. government was already running massive budget deficits long before the coronavirus pandemic and the debt was piling up at a dizzying pace. Response to the outbreak has put spending and debt in...
From the Contracorner (paywall): It took 213 years and 43 presidents—-from George Washington to Dubya Bush—- to generate the first $6 trillion of public debt. Now a mad man in the Oval Office and a herd of Capitol Hill larcenists will be doing it in just 700 days....
David Stockman pulls back the curtain on congress' recent multi-trillion dollar bailout package, which, although billed as emergency aid for individuals actually allocates most of the money to various special interests on both sides of the aisle, including millions...
It is a cliché that if we do not study the past we are condemned to repeat it. Almost equally certain, however, is that if there are lessons to be learned from an historical episode, the political class will draw all the wrong ones — and often deliberately so. Far...
There are 3 pieces of legislation that are making the Coronavirus 10x worse than it ought to be. 1. 1997 Balanced Budget Act: Capped the number of residents and physicians. 2. 2011 Affordable Care Act: Made it illegal for physician ownership of hospitals. 3....
As we watch in real-time how governments respond to the novel coronavirus pandemic, some of the most predictable forms of state overreach—from restrictions on the freedom of assembly to the suppression of regular commerce—have been rolled out. Thankfully, there is no...
Before the coronavirus pandemic and the response to it triggered an economic meltdown, the U.S. federal government was planning to spend nearly $4.8 trillion in its 2020 fiscal year. Last week, President Trump signed a $2.3 trillion relief package aimed at mitigating...
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