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 […]
Washington’s USPS Bailout Won’t Fix Its Problems
Recently the House of Representatives passed a bill purportedly aimed at “fixing” the USPS, but in reality it’s just another bailout. Chris Edwards, a Cato Institute scholar whom I have had the pleasure of meeting and talking to at many events, explains on the think tank’s website that, despite bailing out the USPS’s retirement health […]
Fiat Money Is the Confiscation of Wealth by the State
In 1966, Alan Greenspan told an audience that “The financial policy of the welfare state requires that there be no way for the owners of wealth to protect themselves.” Now, fifty-five years later, Americans are seeing just what that means in real terms. Massive deficit spending and Federal Reserve liquidity operations have amped up inflation, […]
Making Elon Musk Richer
Big media outlets now are acknowledging how humiliating the climate deal loss is for President Biden and congressional progressives, reports Kimberly Strassel in the WSJ: “The Centerpiece of Biden’s Climate Agenda Is All But Dead,” from Mother Jones. “Progressive lawmakers seem resigned to losing their clean energy program,” from Jacobin. “Biden’s Incredible Shrinking Climate Plan,” […]
Manchin and Sinema Hold Out: Democrats Secretly Accept Defeat on $3.5 Trillion
House Speaker Nancy Pelosi and Sen. Majority Leader Chuck Schumer appear to be realizing that their dreams of a $3.5 trillion reconciliation bill are over. Sens. Manchin and Sinema have blocked the passage of such an outrageously bloated spending bill, for one that will still likely be outrageous and bloated, but less so. Now, in […]
48 Senators Don’t Get to Run the Show
Conventional wisdom amongst Democrats is that Joe Manchin and Kyrsten Sinema are “single-handedly” obstructing President Biden’s congressional agenda. Senator Bernie Sanders’s Tweet Last Week: 2 senators cannot be allowed to defeat what 48 senators and 210 House members want. Not so fast, argues Eric Boehm in Reason. The Trope’s Math Problem If Manchin and Sinema […]
FALSE ADVERSTISING: Democrats’ Budget Won’t Do What They Promise
At Cato Institute, Chris Edwards, Director of Tax Policy Studies, explains that despite the trillions Democrats want to spend, their bills won’t fulfill the promises they are making. He writes (abridged): As Democrats try to push their tax and spending bills through Congress, there is a gulf between what they are promising and what their bills […]
Unfair, Inappropriate Treatment “Part of the Process”?
Sen. Kyrsten Sinema was harassed this week by a group of activists who followed Sinema into a bathroom to demand that she vote for the exorbitant “Build Back Better” plan, along with legislation that would give millions of illegal aliens U.S. citizenship. Many called the intimidating behavior of the activists inappropriate, but others — such […]
MANCHIN’S MISSION: Stop Fiscal Insanity
Senator Joe Manchin has said that spending trillions more dollars right now, after spending $5.4 trillion since last March, would be “fiscal insanity.” He’s standing up against pressure from nearly his entire party. Paul Sacca reports in The Blaze: Democratic Sen. Joe Manchin of West Virginia broke from his own party to torch the $3.5 trillion social […]