Tag: spending
Biden Spending a “Sugar High” Bust for Growing Economy
President Joe Biden wants to increase government spending by a lot, but will that spending grow the economy by a lot? A surprising source says it won’t. None other than President Joe Biden himself makes that claim in the economic assumptions of his budget proposal for Fiscal Year 2022. Here’s the economic growth President...
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The Biden Budget: Pandemic Spending That Never Ends
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...
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Logrolling Fills COVID Relief Bill With Waste
The latest example of how professional politicians generate costly waste on Capitol Hill just became official. Shortly after a number of COVID-19 relief measures passed earlier in 2020 as part of the CARES Act expired, President Trump signed a $2.3 trillion spending bill to extend them. The spending bill combines $900 billion of COVID-19...
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Populism Is Far From Over
Many people overseas infer from President Trump’s electoral defeat that most Americans are finally fed up with populism. They miss the fact that populism is just as powerful in the Democratic Party as it is in the Republican Party and that Trump got some 70 million votes. Populism has been a defining trait of...
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A Coronavirus Spending Scandal
Seven months ago, the U.S. Congress rushed to pass the CARES Act, a $2 trillion emergency spending package that funded hundreds of coronavirus relief programs meant to help regular Americans cope with the impact of the pandemic. The coronavirus pandemic has proven one thing about that spending: The federal government is not very good...
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The Silence of the Deficit Hawks
The U.S. government did something in August 2018 that it has never done before. It spent $433 billion in taxpayer and borrowed dollars in a single month!
Surprise! Health Care Bill “Likely to Top” $1 Trillion “Budget”
Obama’s promised “unofficial budget” of $1 trillion over 10 years for his health care overhaul has already been busted, according to this AP story today: Spending not accounted for in its original estimates could bring the total price tag for the healthcare reform law to more than $1 trillion, according to the Congressional Budget...
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