Commentary The national debt has passed $30 trillion. It is clearly time to start talking about balancing the federal budget. The explosion of federal debt has been astonishing. In 1980, the national debt was $908 billion. Today, it is more than $30 trillion and growing. That is a more than 3,204 percent increase in 42…
Build Back Better Agenda Will Not Have Zero Price Tag on Debt: Wharton Study
A new analysis of the economic impacts of President Joe Biden’s Build Back Better budget reconciliation framework shows that, in contrast to the administration’s claims of a “zero price tag on the debt,” the spending plans would increase the federal debt by 2.6 percent in ten years. The White House on Oct. 28 released a…
Democrats Spend Big, and We Pay, for Their Socialist Dream
Commentary In 1983, Tom Cruise starred in the film “Risky Business.” It’s about wealthy parents in Chicago who go on vacation and leave the house under the stewardship of their high school-age son. In short order, the boy throws a wild party, and the rest of the film is about the chaotic fallout. It’s the…
Government Raising Debt by ‘Enormous Amount’ Will Cause More Inflation: Expert
Barbara Kolm, founder and director of the Austrian Economics Center, a think tank, told The Epoch Times’ “Crossroads” that the Biden administration’s massive spending plans are bound to drive inflation higher. Asked whether she believes some economists are right to be concerned that the government’s spending plans, which now amount to some $4.5 trillion, will push…
Dire State of Canada’s Economy Should be Top Issue in Next Election
There’s a strong possibility that a federal election will be held this fall, and if so you can bet on it that candidates will try their very hardest to avoid the elephant in the room: the state of Canada’s economy. During the 1993 federal election campaign, Progressive Conservative leader Kim Campbell infamously told a reporter…
House Republicans Vote to Lift Caucus Ban on Earmarks Following Democrat Revival
House Republicans during a party meeting voted to lift their decade-old self-imposed ban on earmarks, which will allow members to secure funds for their favored projects via large federal spending bills. In a 102-84 vote on Wednesday, the House Republican Conference passed a resolution by Alabama Rep. Mike Rogers to remove a 2011 ban on earmarks, so…
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The Nation Speaks (Jan. 23): Alan Dershowitz on the Perils of Impeachment; Finding Common Ground; Why America is the World’s Most Generous Country
In this episode, we talk to Alan Dershowitz, Harvard Law School professor emeritus and constitutional law expert, about the dangers of using impeachment as a political tool and the future of free speech in America. And in a time of deep divide, Dr. George Barna, director of research at Cultural Research Center at Arizona Christian…