By Robert Romano The House and the Senate will convene in a joint session of Congress on Jan. 6 to hear any and all objections to the Dec. 14 outcome of the Electoral College in favor of Joe Biden, with challenges expected in Arizona, Georgia, Michigan, Nevada, […]
Without reforms new stimulus law could be a massive taxpayer ripoff By Catherine Mortensen The new $900 billion Covid relief law contains no reforms designed to protect against the massive fraud, waste, and abuse that plagued the first stimulus bill. According to the free market advocates at […]
The danger of the Covid relief checks is that they will become permanent — a perverse incentive not to work. By Robert Romano The House has voted to expand direct payments to the American people from $600 per adult and $600 per child in the year-end Covid […]
By Robert Romano President Donald Trump has threatened to veto the $2.3 trillion spending package that includes $900 billion for Covid economic relief plus the $1.4 trillion omnibus spending bill for the annual federal budget. “I am asking Congress to amend this bill and increase the ridiculously low $600 to $2,000 or […]
Five key facts prove the failure of Covid economic shutdowns By Catherine Mortensen The usual gang of liberal economists, Paul Krugman and Austan Goolsbee, etc. – the leftwing nut jobs who will be advising a potential Biden administration – is attempting to play down the economic devastation […]
By Robert Romano Congress has once again defunded the Obama era Affirmatively Furthering Fair Housing regulation in the $1.4 trillion annual omnibus appropriations bill . This was the 2015 rule that conditioned receipt of $3 billion of annual community development block grants on rezoning neighborhoods along racial and income guidelines that nearly ended local zoning authority. Fortunately, […]
By Robert Romano Congress has completed negotiation on a combined $900 billion Covid economic relief legislation, plus the annual $1.4 trillion omnibus appropriations bill, just in time for Christmas. It comes with a $280 billion renewal of the Paycheck Protection Program that saved as many as 5.2 million small businesses and 50 million jobs last spring. […]
The day of reckoning is coming. The debt bomb will go off. By Robert Romano Since the beginning of 2020, the national debt has grown a gargantuan $4.26 trillion to $27.5 trillion amid the Covid lockdowns and a tremendous $2.2 trillion spike and counting in annual federal spending to […]
Pray the vaccine works, or this is only the beginning of the Covid depression. By Robert Romano As predicted, with Covid virus cases rising as the cold and flu season starts peaking, the U.S. economy is once again shedding jobs at a fairly rapid clip, with 935,000 […]
By Robert Romano President Donald Trump has threatened to veto the National Defense Authorization Act if Congress does not also repeal Section 230 of the Communications Decency Act that shields interactive computer services like social media from civil liability for what their users post. On Dec. 8, […]