Tag: U.S. Government Spending
Bipartisan Proposals for Spending Cuts

Thanks to the coronavirus recession, the U.S. government is on track to borrow more money in 2020 that it will collect in taxes as it cranks up its deficit spending to unprecedented levels. That’s the best estimate of the Congressional Budget Office, which finally weighed in on the fiscal impact of the emergency spending…
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The Financial Virus Will Infect Our Politics

One does not need to be prescient to understand that the consequences of the U.S. government’s financial response to the coronavirus will be momentous. The U.S. Federal Reserve recently announced nine new “facilities” (lending programs) and its balance sheet has surpassed the $6 trillion mark. Even the maniacal asset-buying of the post-financial crisis years…
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Trump’s Budget Proposal Stakes Unique Position for 2020 Election

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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U.S. Treasury Secretary Confirms an Inconvenient Truth: Government Has a Spending Problem

It’s not often a cabinet official acknowledges that the U.S. government has behavioral flaws, but that’s exactly what happened on January 23, 2020, when U.S. Treasury Secretary Steven Mnuchin confirmed that the U.S. government has a spending problem.

How Excessive Federal Spending Sparked a Liquidity Crisis

Since mid-September 2019, the U.S. Federal Reserve has been fighting to contain a liquidity crisis in the nation’s money markets that was caused in large part by excessive spending by the U.S. government. That surge in spending was prompted by “the worst budget deal in history” in late-July 2019, which forced the U.S. Treasury…
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“Crazy, Stupid” Federal Spending Proposals from Candidates of Both Parties

Thanks to the Bipartisan Budget Act of 2019, which has been described as “the worst budget deal in history,” the U.S. government will spend $57.9 trillion over the next 10 years, with $12.2 trillion of that spending requiring new borrowing that will add to the U.S. government’s bloated $22.7 trillion national debt. Those already…
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How Leviathan Grew in 2019

The U.S. Treasury Department has released its final monthly treasury statement for the federal government’s 2019 fiscal year, including its final accounting for the entire year. It paints a scary picture of how the growth of government spending is behind the government’s resurgent annual budget deficit, which totaled $984 billion for the year, narrowly…
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Can the Fed Handle the Next Financial Catastrophe Arising from Politicians’ Addiction to Spending?

Isn’t it time the politicians and bureaucrats who run the government reined in their opiate addiction and went into rehab?

U.S. Government Sets New Records for Spending and Revenues

The government’s budget deficit through the first 10 months of its 2019 fiscal year now exceeds the full year deficit of $777 billion recorded in 2018.

The Worst Budget Deal in History

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.

  • Catalyst
  • MyGovCost.org
  • FDAReview.org
  • OnPower.org
  • elindependent.org