Government Spending

Within a flurry of highly consequential and groundbreaking U.S. Supreme Court decisions, Friday’s ruling in Trump, President of the United States, et al. v. Casa, Inc., et al. stands out as a truly historic event.

A New Jersey township’s plan to use eminent domain to seize a 175-year-old family farm has caught the Trump administration’s attention. It is an important case with critical implications about the purpose and conduct of government.

The consensus prediction about President Donald Trump’s massive program of tariffs was that it would cause rapid and highly damaging price inflation. The Wall Street Journal was prominent in conveying those claims, and the Federal Reserve (Fed), the U.S. central bank, concurred, forecasting that the tariffs would cause inflation.

Last week I noted that even the U.S. economy, the best in the world, cannot support the current and upcoming federal debt. Here I explain the dismal political reasons why a reversal is so unlikely.

The government long ago became extremely comfortable with the fact that the American people have always been able to bail them out. Bailouts, however, notoriously lead to further bailouts and then to bankruptcies.

Once again, the federal government’s malignant effect on the economy is our top story. Now it’s a debate over whether to raise the debt ceiling.

Seven out of every ten Democratic voters would “strongly” or “somewhat” support “a hypothetical law that would imprison Elon Musk for his role in DOGE.”

New Policy Brief from The Heartland Institute explains how raising taxes would increase federal deficit and national debt.

“The Inflation Reduction Act is a robbery of such magnitude that it makes the Lufthansa heist look like child’s play over chump change.” - Tim Benson

As of now, the federal government has an absolutely mind-boggling $217 trillion in total unfunded liabilities on the books.

The reality is that in Biden’s America, most Americans are not in good economic shape and most Americans have no money to spend on anything but the bare necessities.

From grocery stores to fast-food restaurants and just about everywhere in between, Americans are being hit hard by ever rising prices due to Biden’s reckless spending.

As the first step in Social Security reform, Congress needs to provide all Americans a framework for how benefit reductions might work in the case of insolvency so that they can plan as individuals.

Never should the name “Joe Biden” and the words “fiscal responsibility” be used in the same sentence.

Incorporating fiscal rules in the U.S. Constitution would give citizens a voice in fiscal policy and prevent legislators from behaving in a fiscally irresponsible manner.

The Uniparty in Congress is once again engaged in its recurring haggling over how to avoid a government shutdown, with the next deadline set to arrive in a matter of days.

Unlike other so-called spending reductions proposed by Congress in recent years, which only reduce the rate of spending growth, the plan outlined in CPI-X produces real reductions in spending.

This paper provides a revolutionary model that can solve this worsening economic crisis and put the United States back on track towards fiscal prosperity.

The only way to increase federal revenue sustainably is to grow the tax base. A growing economy increases the size of the pie from which you get your 17.4 percent in taxes.

Regardless of the ultimate outcome of this political battle over the budget, the shutdown conflict is undermining the foundations of the uniparty because a small group of Republicans has finally decided to act as reformers instead of conservatives.

Overall, any substantial benefits to the taxpayers in the form of property tax reductions would be overshadowed by long-term tax increases. As a good rule of thumb, if any liberal politician is pushing for “tax reform” it would inevitably take money out of taxpayers’ wallets. Proposition HH is, in fact, a wolf in sheep’s clothing for the rights the Colorado taxpayers have exercised since the implementation of TABOR.

Congress, and the Republican-led House of Representatives in particular, controls the nation’s purse strings. With this being the case, it is imperative that the GOP play hardball concerning the looming budget showdown.

In 2000, our national debt stood at $5.6 trillion compared to our GDP, which clocked in at roughly $10 trillion. Today, those figures have almost reversed. Now, our national debt has ballooned to approximately $33 trillion, while our GDP has increased to $25 trillion.

If citizens can vote on debt at the state and local level, why shouldn’t they have the power to vote on debt at the federal level as well?