Fiscal Policy

Trump’s Democratic Budget

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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

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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

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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

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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

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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

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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]

Politicians Ignore the Looming Debt Iceberg

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We libertarians are often accused of “worshiping” the Constitution, but that charge is false. Although we don’t care one bit for the “living Constitution” theory that leads only to the expansion of state power, it does not follow that we think every idea in the written Constitution is ideal. The document is flawed, as many Americans, the Anti-Federalists, argued ... [click for more]

The Transportation “Fiscal Cliff”

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Every few months in Washington, D.C., there is some perceived crisis that headlines newspapers for a few weeks before fading away or being overcome by the next crisis. They are generally crises of the government’s own making and are due to its reckless spending and continued operation of unconstitutional agencies and programs. This time it is the transportation “fiscal cliff.” The ... [click for more]
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