When the leaders of both political parties come to a “compromise” in Washington, D.C., it generally means that each party has agreed to allow the other to fleece the American people of more money in order to give it to their special interest supporters. Compromise rarely, if ever, means party leadership give up their goals […]
Cato’s 2024 Spending Madness
The federal government is spending too much, but some programs are worse than others. The Cato Insitute has created “Spending Madness” to see which spending is the worst of all in an NCAA bracket-style competition for the championship. Cato’s website explains: Thirty‐two unaffordable federal spending programs are going head‐to‐head in a classic, single‐elimination tournament format. And you get […]
How Can the Government Spend $6.7 Trillion in Taxpayers’ Money?
At the Cato Institute, Chris Edwards explains how government spending has ballooned to $6.7 trillion. He concludes by noting that “The US Constitution does not create a large or open‐ended role for the federal government to redistribute wealth or subsidize the states. Yet transfers and aid to the states now account for three‐quarters of the […]
The Congressional Fiscal Commission Can Tackle America’s Debt
Earlier this year, the House Budget Committee advanced the Fiscal Commission Act of 2024. Cato Institute’s Romina Boccia explained the purpose and function of the commission as similar to the Base Realignment and Closure process (BRAC). She wrote on Downsizinggovernment.org: Key Features of a BRAC‐Like Fiscal Commission Clear Objectives: The commission is tasked with generating policy […]
Suffer Not the Children
Reconsider the 22nd Amendment? James Freeman in the WSJ complains about the injustice of our “pesky” 22nd Amendment, which renders President Joe Biden unable to run for president in 2028 or for that matter 2032. Otherwise, he might have to accept accountability for the fiscal disaster he has done more than any living person to […]
Expanding the Welfare State
A Pro-Family Boondoggle In the WSJ, Kimberley Strassel explains how Congress is incapable of anything beyond redistributing other people’s money. 357 representatives passed another $78 billion spending bill. The Debt Spiral Continues Nancy Pelosi-era bipartisan binges the “infrastructure” bill the semiconductor-welfare transfer the $1,400 Covid checks. Looking for some fiscal responsibility? “Reform” or “spending discipline,” […]
President Joe Biden’s Dilemma: Guns or Butter
Ukraine/Israel Jammed into Domestic Spending Bill President Biden pledges to help allies win two wars abroad, and deter a third over Taiwan, “yet he wants to continue spending on everything as if nothing in the world has changed,” writes the WSJ. He won’t be able to do both. It is hard to imagine $11.6 billion […]
The Inmates Have Taken Over the Asylum
What Shall We Do with the Drunken Sailors? Too many Republicans have forgotten a powerful rallying cry: “Priorities,” admonishes Kimberley Strassel in the WSJ. And now they are getting a “perfect assist from the Biden White House, which shipped to Congress a $106 billion supplemental appropriation request for Ukraine, Israel, and the border. But there […]
Where Are the Fiscal Conservatives?
GOP leadership has failed in its core promise to America to keep a lid on spending. At David Stockman’s Contra Corner, Stockman laments the GOP’s abandonment of fiscal discipline. He writes: Here they go again. The House GOP leadership is fixing to sell-out the nation’s fiscal future still another time in order to protect missions […]
Can America Cut It’s Spending in Half? YES! It’s Been Done Before
In the last thirty years, America’s spending has exploded beyond what anyone thirty years ago would have thought possible. At FEE, Dan Mitchell explains how one president was able to cut America’s spending in half. He writes: I’ve repeatedly heaped praise on Ronald Reagan. I’ve also lauded Calvin Coolidge on several occasions. And I even once extolled the virtues of Grover Cleveland. Today, we’re […]
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