In previous generations, Americans aspired to achieve a better standard of living than their parents. According to the Merriam-Webster dictionary, the American dream consisted of “good jobs, a nice house, two children, and plenty of money.”

The Federal Reserve recently disclosed its preliminary income and expenses for 2023, revealing an unprecedented $114.3 billion in operational losses.

Last week, it was amusing/pathetic the way the White House explained away the decision not to have President Biden sit for the recent tradition of the Super Bowl interview with the host network.

By: Brian Riedl – wsj.com – January 22, 2024 America already has the most progressive tax system in the developed world. As budget deficits surge toward the stratosphere, Congress will soon have to get serious about savings proposals. Yet reforming Social Security and Medicare—the leading drivers of long-term deficits—remains a political nonstarter. Neither party is willing to raise middle-class taxes....

By: The Editorial Board – wsj.com – January 19, 2023 After winning the Iowa caucuses Monday, Mr. Trump replayed a golden oldie of a campaign pledge: “We’re also going to pay off the national debt. It’s about time.” He said the same thing in 2016, before he added about $8 trillion to the tab. Roughly half of that was Covid...

As a new year dawns, it’s customary to reflect on the past and set resolutions for the future. This year, let’s resolve to greet three widespread claims with healthy doses of skepticism.

By: Dan McLaughlin – nationalreview.com – January 2, 2023 Joe Biden’s approval ratings on the economy have been dreadful for quite some time now and show no sign of improving. Last month, the Wall Street Journal found that “only 23% of voters say Biden’s policies have helped them personally, while 53% say they have been hurt by the president’s agenda. By contrast, about half of voters...

By: Chris Edwards – nationalreview.com – December 18, 2023 Cutting federal aid to the states would reduce our national debt while improving governance. Federal debt is soaring to dangerous levels. Debt held by the public now tops $26 trillion, or $200,000 for every household in the nation. The debt relative to the size of the economy will soon hit an all-time...

Harvard’s University’s graduate-student union recently approved by a vote of 402 to 210 a resolution denouncing what it called “the murderous Israeli regime” and the “ongoing genocide of the Palestinians.”

Since money-printing went into permanent high gear after the dotcom crash in 2000, the top 1% of households have gained $20 million each in inflation-adjusted net worth. Likewise, the top 0.1% or 131,000 households at the tippy top of the economic ladder have gained $88 million each in inflation-adjusted net worth.