| Wednesday July 7, 2021 at 4:00 PM PDT
Millennials are on a tight budget, even those making six-digit figures. According to a new survey by PYMNTS and LendingClub, 70% of millennials are living paycheck to paycheck. Most baby boomers, on the other hand, are living the life, with only 40% claiming they are in the same conditions. In its analysis of the...Read More »
| Thursday June 3, 2021 at 11:43 AM PDT
President Biden released his first budget proposal on Friday, May 28, 2021. Just ahead of the Memorial Day Holiday weekend. That wasn’t a mistake. The timing is part of a well-established practice by politicians called a Friday news dump. If they know the news is bad for them, they dump it on Friday, when...Read More »
| Tuesday May 11, 2021 at 12:28 PM PDT
George Orwell has a famous insight from his 1945 work Notes on Nationalism. “One has to belong to the intelligentsia to believe things like that: no ordinary man could be such a fool.” Most people run into this insight in a paraphrased form. “There are some ideas so absurd that only an intellectual could...Read More »
| Wednesday March 10, 2021 at 6:15 PM PST
The Congressional Budget Office has issued its 2021 Long-Term Budget Outlook months ahead of its usual schedule. The CBO forecasts that the publicly held portion of the national debt will grow to more than double the size of the U.S. economy during the next 30 years.
| Tuesday December 3, 2019 at 11:43 AM PST
One week ago, noted Stanford University economist John Taylor testified at a hearing before the U.S. House of Representatives’ budget committee, whose members are reexamining the economic costs of the national debt. After the hearing, Taylor summarized his remarks and reflected on previous testimony he provided on a related topic back in 2015:
| Tuesday November 5, 2019 at 2:20 PM PST
Meet Sammy Soil. Sammy is one of the many official mascots of a federal government agency who, along with friends at other government departments like Franklin the Fair Housing Fox, Rex the Ready Kids’ Mountain Lion or Pedro the Penguin, serve as mascots intended to create a favorable public impression of the agencies.
| Tuesday July 23, 2019 at 11:26 AM PDT
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.
| Thursday September 6, 2018 at 12:07 PM PDT
Local governments are now having to reduce needed services to the public to pay for the generous pensions of retired government employees.
| Saturday August 20, 2011 at 6:54 PM PDT
In recent weeks, Americans have been debating issues related to the national debt and current budget. One camp calls for higher taxes while the other urges spending cuts (or at least a reduction in the rate of growth). What’s been missing from the debate is any conversation about the appropriate powers of the national...Read More »
James L. Payne
| Wednesday November 17, 2010 at 8:48 AM PST
Proposed law: “Be it enacted, etc. etc. that the total personnel count of the Internal Revenue Service may not exceed 80,000 for the fiscal year 2011 and henceforth.” As every American knows, and more importantly, feels, the IRS is big brother. The IRS collects private information on every one of us; the IRS pays...Read More »