As outrageous as the price tag promised to us for initiatives like Elizabeth Warren’s healthcare plan, Bernie’s ‘Medicare for All’ plan, or AOC’s ‘Green New Deal,’ history tells us the actual cost to taxpayers would be far higher. In its first year, Medicare cost $3...
The Watson Institute for International and Public Affairs at Brown University released a report on the cost of the war on terror over 20 years since 2001: United States Budgetary Costs and Obligations of Post-9/11 Wars Through FY2020: $6.4 Trillion by Neta Crawford....
When the New York Federal Reserve began pumping billions of dollars a day into the repurchasing (repo) markets (the market banks use to make short-term loans to each other) in September, they said this would only be necessary for a few weeks. Yet, last Wednesday,...
Recently, the Treasury Department reported a 26% increase in the federal budget deficit with a 2019 deficit of $984 billion. The reported data on the budget can be misleading. You might think that a budget deficit is the amount of spending that exceeds budget revenue,...
The likes of Bernie Sanders and Alexandria Ocasio-Corez consider the Nordic model a socialist utopia. It provides ‘free’ healthcare, ‘free’ education, and strong social protections. These are the core goals for some of the modern-day, self-professed, ‘democratic...
https://www.youtube.com/watch?v=aT7WEkvCWeM
US News Video shows a California police officer shotting a 16-year-old in the back of the head as he ran away from the police officer. [Link] Secretary of Defense Mark Esper recuses himself from the review of the Pentagon's JEDI contract. Esper’s son works at IMB, who...
Until they do. The federal budget deficit for 2019 is estimated at $984 billion, a hefty 4.7 percent of gross domestic product (GDP) and the highest since 2012, the Congressional Budget Office (CBO) said on Monday. The difference between federal spending and revenue...
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