Budget Gimmicks: D.C. Labels Everything an ‘Emergency’ to Spend More
Did you survive the budget cuts from the last debt ceiling fight? President Joe Biden called them “draconian,” while Republicans praised the deal’s “historic reductions in spending.” But both parties conned us, as my new video explains. What they call “cuts” were just a reduction in their planned spending increase. Instead of raising spending by 7.8%, they increased it by “only” 3.9%. Only…
A Look at the Documentary 'Corporate Welfare: Where's the Outrage?'
Today's politicians want to spend more on EVERYTHING: Amtrak subsidies, sports stadium subsidies, green energy subsidies, even fossil fuel subsidies ... President Joe Biden says the handouts will "put more money in your pocket." House Speaker Nancy Pelosi claims they will "protect the planet for the children." They might. But a disproportionate amount of the money will end up in the hands of…
The Smell of Pork Spending Sizzling in Congress Unappetizing to Nets
As Congress prepared to slink into their smoke-filled backrooms to craft the next federal budget, President Biden made it clear that his old-timey ways meant that the era of wasteful earmarks and pork-barrel spending was back. And despite Democrats and some Republicans packing on millions of dollars of taxpayer money in spending for their pet projects in their home districts, the flagship…
The Spending Addiction
The problem with free money is that it leads to an addiction much like an addition to drugs. In the case of the $1.9 trillion "relief" bill that has no Republican support, Congress is the supplier, while those on the receiving end become increasingly addicted to government and less self-reliant.
COPE: Paul Krugman Whines GOP Senate Majority Will Be Bad for Business
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.”
Spending as If There Is No Tomorrow
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.
FREDO FAIL: Chris Cuomo Criticizes Trump Econ Using Pre-Trump Era Data
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.
First Female Financial Times Editor Says ‘Capitalism Needs a Reset’
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…