NEW YORK — Spending at restaurants, shops and entertainment venues has come back in force as vaccines become more common and it fueled a revenue surge at American Express during the second quarter. That momentum […]
I have seen a lot of gargantuan spending bills go through Congress in the form of budget reconciliation or omnibus appropriations at the end of a contentious session. I don’t think I have ever seen […]
RALEIGH — The outgoing North Carolina Secretary of Transportation was dinged for wasteful spending involving the purchase of circus rail cars. According to reports, the North Carolina Department of Transportation purchased nine old circus rail […]
Winston Churchill once recalled that, as a young boy, his parents took him to Barnum’s Circus where the sideshow headlined “The World-Famous Boneless Wonder.” The wonder was a giant slab of a man with no […]
The Treasury Department announced last week that the budget deficit for FY 2019 grew to $866.8 billion in the first 10 months of the fiscal year, up 27% from FY 2018. Headlines across the news […]
In 1993, when Republican House Budget Committee staffers were searching for options to include in the GOP budget alternative “Cutting Spending First”, we opened a book called “CBO Spending and Revenue Options” to find proposals […]
Decades of irresponsible, out-of-control government spending has left the United States drowning in an unprecedented level of debt. Last month, our national debt topped $22 trillion. Divided up, that comes to about $400,000 per taxpayer. […]
Just two months after last November’s midterm elections, Democratic presidential hopefuls are already lining up. And the new darling of the left, Alexandria Ocasio-Cortez, is blithely explaining her party’s outright embrace of old-fashioned socialism with […]
Think of the federal government as a gigantic insurance company (with a sideline business in national defense and homeland security), which does its accounting on a cash basis, only counting premiums and payouts as they […]
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