As in 2009 and 2010, it is unlikely that we will see greater prosperity in the future as a result of the 2019 budget deal.
For Americans troubled by the ongoing lack of fiscal discipline on Capitol Hill, nine other words are perhaps very scary: “We have actually now agreed on the spending numbers”.
Cronyism that enables favored academics to regularly receiving federal grants to fund their research is not limited to the Department of Defense’s Office of Net Assessments.
The Tax Cut and Jobs Act of 2017 appears to be delivering an unexpected benefit to state governments: It is lowering their cost of their borrowing.
If things go as analysts at the Bipartisan Policy Center expect, the U.S. government will face a heightened risk of defaulting on its $22 trillion debt in early September.
The Congressional Budget Office has published its Long-Term Budget Outlook for 2019, projecting the U.S. government’s fiscal health will become much worse over the next 30 years in its baseline scenario.
The one thing politicians and bureaucrats can absolutely do well is to spend exactly as much money as they say they will.
Executive immunity shields, not just the bureaucrats, but can also their entire departments from being held truly accountable.
As monumental boondoggles go, it’s hard to top California’s bullet train.
Government regulation contributes to stifling effective competition in the free market which leads to price gouging and excessive inflation.