By Robert Romano The national debt, now $22 trillion, grew by almost $1.5 trillion in 2018 as spending in Washington, D.C. continues to outpace the growth of the economy and revenues. Since 1980, the U.S. national debt has grown an average of 8.8 percent every fiscal year, but during that same period, […]
By Rick Manning In Washington, D.C., every spending program and tax break has a constituency that fights for it. This is why they exist, because somewhere, someone believes that Warren Buffett needs a wind production tax credit, and that opera programming should be taxpayer funded. These constituencies […]
By Richard McCarty The recent polar vortex of extremely cold weather this winter tested Green New Deal policies, and they failed miserably. Many Democrats, including U.S. Rep. Alexandria Ocasio-Cortez (D-N.Y.) and several presidential candidates, support a Green New Deal, which would phase out the use of all […]
By Robert Romano A House-passed bill that would nationalize U.S. elections has been declared dead on arrival in the U.S. Senate by Senate Majority Leader Mitch McConnell (R-Ky.). “Democrats’ H.R. 1 (the Democrat Politician Protection Act) proposes a massive federal takeover of elections. But neither the facts […]
By Rick Manning America is in deep financial trouble, and it is getting increasingly difficult to grow out of it. This past year, our nation’s economy grew at a faster rate than at any time since 2005 at 2.9 percent, but the outlays (spending) grew much faster […]
By Robert Romano One of the biggest problems with the U.S. economy has been the continued decline of working age adults since 2000 — that is, those aged 16-to-64-years-olds — who have left the labor force. Labor participation among working aged adults was almost 77.4 percent in […]
By Rick Manning Government does not create jobs, the private sector creates jobs. This is the basic rule that gets obscured in the political back and forth over the economy. And truthfully, it is very tempting to forget when you work for the government focused upon trying […]
