Taxes and Spending

When it comes to the debt ceiling, political parties are irrelevant, and the recent debt ceiling drama, was little more than a sham. 

On this week's episode, Mark summarizes some problems with taxpayer-subsidized EVs.

Socialists like Bernie Sanders have decried the possible US government debt default. Marx and Lenin would have vociferously disagreed.

There are several causal factors operating on interest rates and in different directions.

2022 was a warning sign that debunked the myth of eternal monetization of debt with low inflation. It is time to be serious. High deficit spending is not a tool for growth, but a tool for cronyism and a burden on the future.

Curing deficits by raising taxes is equivalent to curing someone's bronchitis by shooting him.

Despite "concerns" about increasing federal debt, in the end Republican legislators have gone along with whatever the ruling elites want. The Limit, Save and Grow Act of 2023 is more of the same.

Contrary to the still-enduring myth about Republican budget cutting, there is no correlation whatsoever between Republican control of DC and the trajectory of federal spending.

The current regime wants to use taxation not simply as a means to collect revenue for the government, but as a weapon against economic prosperity itself.

Socialists like Bernie Sanders and the editors of Jacobin have decried the possible US government debt default. Marx and Lenin would have vociferously disagreed.