Big Government and Big Inflation
April’s 4.2 percent past year increase in the Consumer Price Index is not likely to dissuade the Federal Reserve from continuing its policy of near-zero interest rates. Fed Chairman Jerome Powell believes the rising prices are just a temporary phenomenon caused by the...
The Fed Enabling Biden and Congress’ Destructive Agenda
According to the Congressional Budget Office (CBO), 2021 will be the second year in a row in which the federal debt exceeds Gross Domestic Product (GDP). CBO also projected that this year’s federal deficit will be 2.3 trillion dollars, which is 900 billion dollars...
The Real Scandal of the Spending Bill
Last week Congress passed a massive coronavirus relief and omnibus spending bill. President Trump threatened to veto the bill, saying he wants an increase in the amount for “stimulus” checks authorized by the bill from 600 dollars to 2,000 dollars. The checks are...