U.S. Sen Richard Shelby has been in office since 1987. Last month, the 86-year-old Republican announced he would not seek a seventh term. Thirty-four years is a lot of time to spend in the Senate, and before he was a senator, Shelby was a member of the U.S. House for an additional eight years, meaning […]
Joe Biden has been in office for nearly 60 days. Here’s a short list of what most in the press are calling his “accomplishments”: He has issued over 50 executive orders, more than any president in history for his time in office. The press often claimed Trump’s use of executive orders was “dictatorial.” He has […]
Murkowski is right. Rescue Plan “went far beyond COVID-19 relief.” The American Rescue Plan Act will deliver a lot of much-needed money to Alaska. But Sen. Lisa Murkowski is right. It “went far beyond COVID-19 relief.” The additional spending should have been debated as separate legislation. The bigger problem is that even in exchange for […]
When I grew up in the 1970s, my father taught my sisters and me to “always save for a rainy day.” He was a child of the Depression, after all, one of the longest “rainy day” periods Americans have ever experienced. In 2021, however, America’s new national mantra appears to be “borrow and spend like […]
In the last four years the federal government has both cut government revenue and dramatically increased spending. It’s an unsettling combination, the precise long-term results of which will be debated by economists like myself until the cows come home. But at least one thing is already certain: The fiscal impact of all the federal COVID-19 […]
There’s a reason economics is frequently called the “dismal science.” What’s happening: The US economy is on track for a boom, with the Federal Reserve predicting last week that it would expand by 6.5% this year. That would mark the fastest growth since 1984, when Ronald Reagan was serving his first term as president. But a […]
Right on cue, as soon as President Joe Biden is elected, Republicans are expressing hysteria about the national debt. But fun fact: This is a brand new worry for the GOP. They weren’t worried about it when the previous president gave billions of dollars of tax breaks to rich people and their businesses. They didn’t […]
Well fellow American, your $1,400 stimulus check is in the mail, and all it’s going to cost you and every other man, woman and child in the country is an extra $6,000 of your share or so in national debt. So in other words, this may be the most efficient spending of money by the […]
The U.S. budget deficit continues to widen to unprecedented levels, Wednesday data from the Treasury Department shows, all while the government gears up to pump $1.9 trillion more into the economy with President Joe Biden’s massive stimulus package. KEY FACTS The gap between government spending and revenue rose to more than $1 trillion in the […]
To the Editor: I can’t think of a better time for the government to cut back on spending and start paying down debt (“As the Covid-19 Pandemic Wanes, the U.S. Economy Could Soar,” Cover Story, March 12). As the virus is vanquished, it’s time to put the growth engine of the economy back in the […]
