Commentary The U.S. economy is clearly shifting into a lower growth gear and many economists are ramping up their recession forecast for the second half of this year. So far, through the first 10 weeks of this year, GDP growth has slumped to a wobbly 1.2 percent, according to the Atlanta Federal Reserve Board. What the economy needs now is a pick-me-up. Where will the adrenaline come from? Clearly not more government spending. That only increased inflation to nearly 10 percent, which is a 15-pound millstone around the neck of the economy. Government spending should be cut by 10 percent across the board to stop the flow of “free money” injected into the economy by President Joe Biden and House Speaker Nancy Pelosi (D-Calif.). Thank God that their plan for another $5 trillion smorgasbord failed in the Senate. We need to juice the supply side—i.e., the productive private half of …
-
Recent Posts
-
Archives
- May 2025
- April 2025
- July 2023
- June 2023
- May 2023
- April 2023
- March 2023
- February 2023
- January 2023
- December 2022
- November 2022
- October 2022
- September 2022
- August 2022
- July 2022
- June 2022
- May 2022
- April 2022
- March 2022
- February 2022
- January 2022
- December 2021
- November 2021
- October 2021
- September 2021
- August 2021
- July 2021
- June 2021
- May 2021
- April 2021
- March 2021
- February 2021
- January 2021
- December 2020
- September 2013
- July 2013
- March 2013
- January 2013
- December 2012
- November 2012
- December 1
-
Meta