US EMPLOYMENT STALLS AS TRILLION-DOLLAR DEFICITS MOUNT
Hopes that the economy might soon roar back and bring some relief from skyrocketing deficits remain unfounded for now… New tax revenue data released by the Treasury Department on Monday shows that tax revenue further worsened in June (compared year over...
Another Massive Deficit With More Spending Coming Down the Pike
The US is heading for economic lockdown as the impact of the coronavirus grows. To cope with the crisis, President Trump has promised fiscal stimulus. The actual plan remains unclear, but the Trump administration has floated a reduction in payroll taxes, along with...
Why It’s so Hard to Escape America’s “Anti-Poverty” Programs
One of the most common debates that has occurred in the United States for the past six decades is the discussion of the poverty rate. As the narrative goes, the US has an unusually high poverty rate compared to equivalent nations in the OECD (Organisation for Economic...
Trump’s Budget: More Warfare, Slightly Less Welfare
Listening to the howls from Democrats and the applause from Republicans, one would think President Trump’s proposed fiscal year 2021 budget is a radical assault on the welfare state. The truth is the budget contains some minor spending cuts, most of which are not even...
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