House Speaker Kevin McCarthy has unveiled a sweeping package that would raise the nation’s debt limit by $1.5 trillion into next year. The Republican leader announced the bill Wednesday just as President Joe Biden was preparing to deliver a speech in Maryland. The 320-page package imposes a long list of Republican priorities, including new spending caps, work requirements for recipients...

One side of our economic challenges can be solved by controlling inflation, which requires raising interest rates. The other side can be controlled by increasing liquidity in our banks, thereby increasing inflation. Some say the Fed will be choosing between generational inflation and another banking crisis in the days ahead.

Silicon Valley Bank (SVB), whose collapse last week has triggered a global banking crisis, donated over $73 million to the BLM movement.  

Prices rose by 0.4 percent in February and core inflation was up 0.5 percent, the third consecutive month that it has increased.

The comments were Powell’s first since inflation unexpectedly jumped in January, and marked a stark acknowledgement that the “disinflationary process” he spoke of repeatedly in a Feb. 1 news conference was not unfolding smoothly.

Government imposes a million rules. Americans seem to want more! Leftists want new gun laws and bans on single-use plastics, gas stoves, fossil fuels, gas-powered cars, nuclear power.  

By: Daniel J. Pilla – nationalreview.com – January 27, 2023 In what is certainly the shortest bill regarding federal revenue that I’ve ever seen come out of the House of Representatives, the House voted to rescind much of the $80 billion funding granted to the Internal Revenue Service (IRS) by the Inflation Reduction Act of 2022. The bill, H.R. 9092, known...

By: The Editorial Board – wsj.com – Feburary 15, 2023 The nearby table shows how far the Biden revenue and outlay numbers exceed the U.S. historical norm. Revenues last year hit 19.6% of GDP, far above the 17.4% average over the last 50 years, and a share of the economy reached only in 1944, 1945 and 2000. The overall federal...

By: The Editorial Board – wsj.com – February 9, 2023 President Biden boasted during his State of the Union address about cutting the deficit by a record $1.7 trillion. His putative conversion into a born-again deficit cutter is belied by this week’s Congressional Budget Office federal budget report for January, which shows the deficit has doubled in the first four...

One of the best things about living in Texas is that we have a somewhat larger-than-average state sales tax but no state income tax.