The fiscal impact of the federal government’s coronavirus relief measures is likely to be dramatic.
President Trump has released his budget proposal for the 2021 fiscal year. The first thing to say about it is this: Having just been acquitted in the U.S. Senate impeachment trial on a strict party-line vote in an election year, the president has zero chance of his budget proposal becoming law. In the current…
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President Trump has demonstrated that he has a unique ability to drive the passions of his political opposition in the media.
Americans who support the President’s proposed wall are using crowdfunding to collect money to build a portion of it.
Congress benefits from threatening government shutdown.
With the close of FY18 looming, federal spending is expected to skyrocket.
The proposed spending bill funds key programs at a hefty price tag.
Side-by-side visualization of the growth of the fed!
With billions left to spend, cronyism will abound.
According to the President’s Office of Management and Budget, the 2016 federal budget looks like this (p. 115): [table id=1 /] Now let’s pretend this is a household budget by removing eight zeros: [table id=2 /] Clearly, this family is financially irresponsible, as rising debt and debt-service costs consume the family budget. To continue…
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