Congress, News

A Republican Vote To Raise The Debt Limit Is A Vote For Democrats’ $3.5 Trillion Spending Spree

According to conventional wisdom, congressional Republicans have no power to block Democrat plans to ram through $3.5 trillion in tax increases and new spending on welfare programs (among other things). Democrat lawmakers hope to use the budget reconciliation process to pass the legislation through the Senate with 51 votes — all Democrats plus Vice President Kamala Harris. Under this theory,…

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News

Our $28 Trillion National Debt Is Coming Due

Last September, the Congressional Budget Office (CBO) predicted the federal debt wouldn’t hit $29 trillion until 2028. Just short of a year later, the national debt stands at $28.6 trillion and is set to surpass $29 trillion within weeks. Since Congress hasn’t yet enacted all its new spending proposals, the CBO debt estimates don’t yet include them. The $1.2 trillion “infrastructure” bill still has…

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Congress, News

Democrats’ $3.5 Trillion Budget Resolution Would Transform The U.S. Economy As We Know It

The weeks upon weeks of negotiations leading up to the passage of a $1 trillion infrastructure bill were just the prelude to the absolute whopper that is the Bernie Sanders budget resolution, which hit the wires Monday morning and will hit the Senate floor Tuesday. The $3.5 trillion document is a full-on attempt to remake the American economy, the labor markets,…

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Health, News

Biden’s Plan To Raid Medicare Shows His Callous Disregard For Math And Voters

The budget President Biden recently submitted to Congress resembles President Obama’s fiscal blueprints in many respects. It taxes too much, spends too much, and with $14.5 trillion in new federal debt, it certainly borrows too much. But Biden’s budget reflects his Democrat predecessor in another aspect: It uses hundreds of billions of dollars from Medicare to pay for (among many…

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