Oct 25, 2021
President Biden continues to say that his $3.5 trillion spending package will add zero to the deficit. He says he will pay for the spending by taxing the rich, which means he plans to raise taxes on that group by $3.5 trillion.
Oct 13, 2021
The Bureau of Labor Statistics just released the Consumer Price Index (CPI) for the month of September.
Oct 8, 2021
In the 1970's, the US economy experienced an occurrence never seen previously. There was inflation that eventually peaked at 13% while the economic growth had stalled.
Oct 4, 2021
It is a very interesting time for the government's fiscal policy. The federal government has hit the maximum limit for their borrowing, the Dems want to spend another $5 trillion and they claim that the spending will add zero to the deficit.
Sep 13, 2021
For 55 of the last 59 years, the federal government has spent more money than the revenue it has raised. The resulting annual deficit was financed by selling long-term bonds, usually with 10 or 20 year maturities.
Sep 3, 2021
While the jobs numbers for August were a disappointment, that's no reason to have the government increase its taxing and spending plans.
Aug 23, 2021
This week, the Federal Reserve (Fed) will meet for its annual symposium at Jackson Hole, Wyoming. This symposium is sponsored by the Federal Reserve Bank of Kansas City, which has held this event since 1978. The Fed usually doesn't set or change any policy during this time,...
Aug 11, 2021
The federal government has been on a two-year spending spree. Last year, it spent $3 trillion more than it collected in revenue. This year it will spend another $3 trillion more than its revenue. This adds to the public debt, which will hit $30 trillion by year end. Is that...