As if the national debt and federal entitlement liabilities weren’t enough. Now we get word that state governments have racked up more than a trillion dollars in unfunded healthcare benefits for state government workers. That’s trillion – with a ‘T’. In a report...
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,...
With the U.S national debt currently sitting a little above 23 trillion, there is still a lot of debate about how we got here and whether or not this accumulation is sustainable. Most people in Congress responsible for the matter see it as a problem, stating that “we...
On FPF #432, I explain my view that the Democrats' case for impeaching Trump is very weak. The House passed two articles of impeachment this week, although House leadership is now preventing those from going to the Senate. While everyone is distracted with these...
US News The House votes for two articles of impeachment against Trump. Tulsi Gabbard voted present. [Link] The US national debt increased by $1.2 trillion in 2019. [Link] The 2020 NDAA requires the DNI to release a report on who is responsible for the murder of Jamal...
Since mid-September 2019, the U.S. Federal Reserve has been fighting to contain a liquidity crisis in the nation’s money markets that was caused in large part by excessive spending by the U.S. government. That surge in spending was prompted by “the worst budget deal...
The national debt crossed the $23 trillion mark in November. When you include unfunded liabilities in the equation, the real debt number comes in at over $126 trillion. But even when confronted with this staggering number, most people just shrug. America has been...
Last week I wrote about Medicare for All being an unnecessary political power grab. Rather than a rally cry of Medicare for All, I think the conversation should shift: Instead, there should be a rally cry for “No Medicare At All!” Is government-controlled medical care...
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