By: Arthur Laffer and Stephen Moore – wsj.com – June 23, 2024 The crazy economic theory that spending has no consequences. Under MMT, the crisis never ends. Proponents posit that because the dollar is the world reserve currency and the Treasury can sell bonds at low interest rates, Uncle Sam can spend and borrow limitlessly with no economic risk. As Stephanie Kelton,...

By: William A. Galston – wsj.com – June 25, 2024 Politicians need to recognize the urgency of cutting benefits or raising revenue. During the Obama administration, many economists and political commentators became worried that the U.S. faced endless budget deficits that could cause higher interest rates, depress investment, and slow economic growth. Some elected officials pressed for a so-called grand...

By: The Editorial Board – wsj.com – June 19, 2024 CBO projects that this year’s budget deficit will clock in at roughly $2 trillion, some $400 billion more than it forecast in February and $300 billion larger than last year’s deficit. This is unprecedented when the economy is growing and defense spending is nearly flat. The deficit this fiscal year...

The better things get, the more desperately activists struggle to stay in business.

America is now almost $35 trillion in debt. That means every American owes $100,000.

By: The Editorial Board – wsj.com – June 9, 2024 Insurers are withdrawing from states, forcing policy holders to scramble for alternative coverage. State-backed insurers of last resort are swelling. Florida’s Citizens Property Insurance Corporation is now the largest insurer in the Sunshine State. *** Progressives blame—what else?—climate change and corporate greed. Insurers have “underwritten financing fossil fuels, and then...

Dear Chuck, My husband is convinced that we should convert our entire 401k into gold. He’s concerned about several things, including our nation’s debt, the potential of a stock market bust, and now World War III. I am opposed and told him I would ask you to offer us your opinion.  Divided Retirees    Dear […] Source: All Resources |...

By: The Editorial Board – wsj.com – May 10, 2024 The average annual inflation rate during his Presidency is 5.5%.Under Trump it was 1.9%. If our friends on the left want to stop berating voters and admit reality, they might look at the chart nearby from Dan Clifton of Strategas Research Partners. It compares the average annual consumer-price inflation rate...

By: Daniel J. Pilla – nationalreview.com – April 23, 2024 The Court is set to issue a ruling in June that could redefine taxable income, potentially opening the door to a whole range of new taxes. The “base” of our federal tax system is “income.” And that base functions by capturing the amount of “income” an individual or business earns over...

President Joe Biden says, “I know how to make government work!” You’d think he’d know. He’s worked in government for 51 years. But the truth is, no one can make government work.