The Congressional Budget Office (CBO) recently announced that the 2024 fiscal-year federal budget deficit — the amount the government spent over and above what it received in total revenue — was $1.8 trillion.  

Both Harris and Trump back erratic, unsustainable tax cuts and refuse to rein in spending.  

Both Donald Trump and Kamala Harris have said during their campaigns for president that they want to bring down costs for consumers. It’s an admirable goal and, if done right, can be achieved.  

Here is something no one in the media is reporting as Vice President Kamala Harris continues to duck and weave like Muhammad Ali in the ring to avoid any questions about her economic plan.  

By: The Editorial Board – wsj.com – October 11, 2024 The former President tries to outbid the Democrat with more special interest tax favors. It’s bad economics. “We will make interest on car loans fully deductible,” Mr. Trump vowed at a rally in Detroit on Thursday. “This will stimulate massive domestic auto production and make car ownership dramatically more affordable...

By: Aaron Zitner, Jon Kamp, and Brian McGill – wsj.com – September 30, 2024 An aging population and economic distress have increased dependence on federal and state support. Here’s why that matters for the 2024 election. The country hasn’t always been this reliant on government support. In 1970, government safety-net money accounted for significant income in fewer than 1% of America’s...

Kamala Harris told America on debate night that Goldman Sachs and the Wharton School of Business said her economic plan is better than Trump’s. Both Goldman and Wharton have now come out and said that she was lying. Source: Top Business School Obliterates Kamala’s Claim That She’ll Boost the Economy

Trump has backed similar policies that undercut the traditional free market approach.

By: The Editorial Board – wsj.com – September 18, 2024 Jerome Powell says the economy is strong but still cuts rates by 50 basis points. Mr. Powell said the Fed is merely “recalibrating” monetary policy as the economy recovers from the inflation shock of recent years. As inflation drifts down toward the Fed’s 2% target, real interest rates will rise...

By: The Editorial Board – wsj.com – September 10, 2024 They have good reason to be, as the latest Census data reveal. Kamala Harris says the Biden Administration rescued the U.S. economy. The truth is that the Biden inflation has left most Americans worse off than they were before the pandemic. The latest evidence comes from Tuesday’s Census Bureau report...