Budget

It turns out that it is not just Republicans who think the $1.9 trillion price tag on President Biden's COVID relief package is too high, but also former director of the National Economic Council under Obama and Clinton Treasury Secretary Lawrence Summers. 

People hate America's big disparities in wealth. It's a reason why, among young people, socialism is as popular as capitalism. The Democratic Socialists of America want a country based on "freedom, equality and solidarity." That sure sounds good. But does socialism bring that? My new video debunks several myths about socialism. One reason for socialism's continued appeal is linguist Noam…

On Monday night, Joy Reid, host of MSNBC’s The ReidOut fully acknowledged her "petty" hackery. Reid implored that Democrats abandon their post-Trump calls for unification and bipartisanship. She also insisted that her guest, Senator Cory Booker (D-NJ), forgo any further attempts at garnering Republican support for the Biden administration’s proposed $1.9 trillion COVID-19 relief…

During the Trump years, journalists told us that Democracy dies in darkness and that only an alert, adversarial press could save the country. Now? Everything’s fine and we should just trust the government. That’s the gist of what CBS This Morning co-host Gayle King pushed on Tuesday. Talking to Republican Senator Bill Cassidy about the COVID relief bill, she suggested that Joe Biden…

Despite the fact that President Trump put out a video shortly before Christmas detailing the billions of dollars in wasteful spending going to foreign countries in the COVID relief bill, not to mention the disgust of many Americans at how they only got $600 after being unemployed for nine months, ABC’s Good Morning America and NBC’s Sunday Today claimed they couldn’t figure…

Friday’s lead New York Times story on the debate over the coronavirus stimulus package was told wholly from the liberal Democratic perspective, while pitying president-elect Joe Biden: “Hurdle For Biden As Stimulus Bill Drops State Aid – Setback For Recovery – Congress Rushes for Deal on Virus Relief After Months of Feuds.” There is no surprise which side the paper’s lead story takes…

New York Times blowhard economist Paul Krugman is trying to cope with not getting the “blue wave” referendum on Trumpism he wanted out of the 2020 election. Now, Krugman has said that a potential GOP senate majority will be — wait for it — “bad for business.”

Which presidential candidate will bankrupt America first, Donald Trump or Joe Biden? Last year, we compared the costs of the leading Democratic candidates' promises. At that time, Biden, to his credit, proposed the least new spending. Kamala Harris promised the most. She wanted to add $4.2 trillion to America's debt. Her lavish promises didn't win her supporters; she dropped out soon after.…

On Tuesday's The ReidOut, MSNBC host Joy Reid was joined by contributors Anand Giridharadas and Kurt Bardella as the three trashed Republicans for trying to restrain government spending as the three all went along with the premise that Republicans do so in part out of a lack of concern for minorities.

I am not in the habit of quoting leftist Noam Chomsky, but this line seems relevant when one considers our growing national debt: "When you trap people in a system of debt, they can't afford the time to think." Perhaps now is not the time in the middle of a pandemic, job losses and threats of even higher unemployment, to mention the national debt. Or, perhaps it is.

Conservatism should no longer be the standard for business journalism. At least that’s what a loopy op-ed by Quartz Editor-In-Chief Katherine Bell suggested. Bell’s op-ed was headlined, “It’s time for business journalism to break with its conservative past.”

CNN’s Chris Cuomo doesn’t appear to have done his due diligence. He committed a very bad gaffe last night by using pre-Trump era economic data to bash President Donald Trump’s economy.

The editor of the socialist policy-loving Financial Times Roula Khalaf thinks that capitalism needs to change. British Vogue did a puffy interview headlined “‘Capitalism Needs A Reset’: The First Female Editor Of The Financial Times Is A Level-Headed Radical.” Author Zoe Williams fawned over how Khalaf was now “at the helm of capitalism’s biggest cheerleader. Though that isn’t how she…