Was This the Biggest Political Flip-Flop Ever?
I don’t think anybody is surprised when politicians flip-flop. George H.W. Bush with his “no new taxes” pledge provides a great modern example. But Alexander Hamilton arguably gave us the most damaging, if not the biggest, flip-flop ever when he did a complete 180 on...
Biden Borrow and Spend Plan Builds on Trump Legacy and Makes Things Even Worse
President Joe Biden released his 2022 budget this week. The $6 trillion spending plan offers a glimpse into Biden’s long-term fiscal strategy – borrow and spend to infinity and beyond. This is eerily similar to the Donald Trump fiscal strategy. In fact, this has been...
Another Huge Budget Shortfall for the Feds
The U.S. government ran another huge budget deficit in April. The shortfall came in at $225.58 billion, running the total budget deficit through the first seven months of fiscal 2021 to a record $1.9 trillion, according to the Treasury Department’s Monthly Treasury...