“The powers not delegated to the United States by the Constitution, nor prohibited by it to the States, are reserved to the States respectively, or to the people.”
With economies shut down and the U.S. government spending trillions in response to the coronavirus pandemic, the federal government ran a record $3.13 trillion deficit in fiscal 2020. The pandemic eased and economies opened back up in fiscal 2021, and you would expect...
The clock is ticking down to another U.S. debt ceiling battle. Of course, the debt ceiling is a fake and a fraud just like the debate surrounding it. The debt ceiling theoretically “limits” government borrowing and spending. In reality, it does no such...
Federal Reserve Chairman Jerome Powell recently went to Capitol Hill and testified before a House committee. The questions asked by Republicans and Democrats along with their accompanying spin once again spotlights typical partisan hackery in Washington D.C. And...
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...
Through the first six months of fiscal 2021, the US government ran a record $1.7 trillion budget deficit. And there is no end in sight to the borrowing and spending. Just last month, the national debt eclipsed $28 trillion for the first time. But it’s even worse than...