Listening to the howls from Democrats and the applause from Republicans, one would think President Trump’s proposed fiscal year 2021 budget is a radical assault on the welfare state. The truth is that the budget contains some minor spending cuts, most of which are not...
The Trump administration posted another massive budget deficit to start out calendar-year 2020. According to the latest data released by the U.S. Treasury Department, Uncle Sam spent $32.6 billion more than it took in last month. That compares with an $8.7 billion...
US News The US is on pace to run over a trillion-dollar deficit in FY2020. [Link] Trump commutes the sentence of former Illinois governor Rod Blagojevich. Blagojevich served about eight years of his 14-year sentence. [Link] The Democratic Party changed its debate...
With the rise of Bernie Sanders in the polls, the establishment is worried. The prospect of a two-way race between Trump and Sanders in the general election has the powers-that-be out in full force. The problem is that they don’t want to make it look too obvious with...
Seventy years ago, on January 8, 1950, one of the most famous economists of the 20th century passed away at the age of 66, Joseph A. Schumpeter. During and after his lifetime, he has been identified with two related ideas, the notion of the innovative entrepreneur and...
The Trump administration ran an Obamaesque budget deficit of over $1 trillion in the 2019 calendar year. It was the first budget deficit over $1 trillion in any calendar year since 2012. The budget shortfall from January through December totaled $1.02 trillion,...
Writing at the Christian Post in “Will Social Security Go Broke?” Christian financial advisor Chuck Bentley recently answered a question about Social Security from a “Worried Millennial”: I’m a recent college graduate with my first “real” job. With that comes paying...
The flood of obituaries that noted the passing of Paul Volcker (1927–2019) last week have almost all lauded his achievement as Fed chair (1979–1987) in reining in the double-digit inflation that ravaged the US economy during the 1970s. Volcker was referred to as the...
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