Fiscal Policy

Time to Shut It Down

by
According to Article I, Section 9, Clause 7 of the Constitution, “No money shall be drawn from the treasury, but in consequence of appropriations made by law.” When one or both Houses of Congress fails to pass a bill, or Congress and the president can’t come to an agreement on a bill, to fund the operations and agencies of ... [click for more]

Will Trump Reduce Federal Spending?

by
Donald Trump’s first proposed budget took a step towards draining the swamp in Washington. His proposal was the first one since the Reagan era in which a president has sought a wholesale demolition of boondoggles. On the other hand, Trump’s defense and homeland-security spending increases will squander bounties that should be reserved for taxpayers, not bureaucrats. Regardless of whether Trump ... [click for more]

Financial Tyranny

by
When plunder becomes a way of life for a group of men in a society, over the course of time they create for themselves a legal system that authorizes it and a moral code that glorifies it. ― Frédéric Bastiat, French economist Americans can no longer afford to get sick and there’s a reason why. That’s because a growing number ... [click for more]

Trump’s Democratic Budget

by
Although the Constitution doesn’t mention a federal budget, according to the Budget and Accounting Act of 1921, the president must annually submit a proposed federal budget to Congress for the next fiscal year by the first Monday in February. Because the government’s fiscal year runs from October 1 to September 30, the budget submitted in February is actually for ... [click for more]

Trump’s Budgetary Blueprint Retains America’s Welfare State

by
President Donald Trump has issued his preliminary federal budget proposal looking to the U.S. government’s next 2018 fiscal year. What it shows very clearly is that there will likely be no attempt to reduce the size and cost of most of the American interventionist-welfare state. On Thursday, March 16, 2017 the White House released, “America First: A Budget Blueprint to ... [click for more]

The National Debt Limit Equals a Balanced Budget

by
Once again the United States government is rapidly approaching a fiscal debt ceiling: After March 16, 2017, Uncle Sam will not be legally allowed to borrow any more money to cover its budget deficits, unless Congress votes to raise the debt limit, once again, like it has every time in the past. Uncle’s Sam’s debt has been growing at a ... [click for more]

The Entitlement State and America’s Fiscal Crisis

by
The Republican and Democrat Party Conventions are now behind us, but through all the cheers and jeers, hoopla and poopla, warnings of a dark and dangerous future or promises of a bright and beautiful shape-of-things-to-come, one of the most serious shadows hanging over America was hardly mentioned at all: the unsustainability of the “entitlement” programs of the welfare state. In ... [click for more]

America’s Fiscal Debt Bomb Caused by the Welfare State

by
Portuguese The news is filled with the everyday zigzags of those competing against each other for the Democrat and Republican Party nominations to run for the presidency of the United States. But one of the most important issues receiving little or no attention in this circus of political power lusting is the long-term danger from the ... [click for more]

Balancing the Government’s Budget Now

by
Uncle Sam has added nearly an additional half a trillion dollars to the national debt over the past twelve months. According to the Congressional Budget Office (CBO), the Federal government ended its fiscal year on September 30, 2015 with a budget deficit of a “mere” $435 billion. Total Federal expenditures for the fiscal year were nearly $3.7 trillion, while ... [click for more]
Page 1 of 41234