Biden’s Absurd New Economic Messaging Strategy
The president wants to appear as a “scourge” of the ultrawealthy. But he has only been a scourge of the productive wealthy while remaining a dear ally of unproductive cronies.
The president wants to appear as a “scourge” of the ultrawealthy. But he has only been a scourge of the productive wealthy while remaining a dear ally of unproductive cronies.
There is a lack of buyers for US Treasury debt. Rating agencies have recently downgraded the US debt, and entitlement benefits’ “trust funds” will go into the red in a few years. The classical economists offer few answers to the depth of this problem.
Economist Peter St. Onge summarizes some of the major financial and government news stories of the day.
President Biden declared in his recent budget speech that his administration was proposing a "fiscally responsible" budget. Welcome to Wonderland.
Government employees generally have sweeter pension plans compared to private-sector employees, but government pensions are purposely underfunded. No worries for government employees: taxpayers will pick up the slack.
Bob goes solo to discuss a recent Twitter controversy, in which opponents of a proposed tax argued that unrealized capital gains couldn't possibly be a form of income.
There is a lack of buyers for US Treasury debt. Rating agencies have recently downgraded the US debt, and entitlement benefits’ “trust funds” will go into the red in a few years. The classical economists offer few answers to the depth of this problem.
The standard line is that taxes are part of a “social contract” that individuals have with the authorities that govern them. It is time to rethink the terms of this so-called deal.
All of us have experienced government road closures and the traffic and safety nightmares they create. Private roads may be the answer to solving the problem.
Mark Thornton examines the proposed Congressional compromise spending legislation.