Exhibiting no self-awareness, Bernie Sanders and Elizabeth Warren (worth $2.5 million and $12 million, respectively) yell the loudest about the rich having to “pay their fair share.” President Joe Biden has, predictably, joined this tin-eared chorus. Yet none of them will ever say what that fair share is. Each year, the Congressional Budget Office (CBO) asks Americans how much
Congressional Budget Office
Our country possibly needs an Ernest Hollings or a Bill Proxmire, legendary senators who battled overspending. That’s because the idea of the big-spending federal government, an apparently bi-partisan Keynesian idea that huge government spending always creates prosperity, is hugely popular. Congress and the Biden administration are pushing a new nearly $2 trillion stimulus spending package.
Millions of hourly workers could lose their jobs if Democrats raise the minimum wage to $15 an hour. Many House and Senate Democrats are still pushing the Raise the Wage Act, which would more than double the current minimum wage by 2025. Though they advocated a $15 federal minimum wage for years, the legislation is
The March 2020 CARES Act expanded unemployment benefits for millions of laid off workers, many of whom will benefit from program extensions into 2021 included in Congress’ new relief bill. Unofficial estimates suggest the latest extensions will cost $120 billion. That begs the question — how well did Congress’ scorekeepers do in projecting the cost of the opening