When new British Prime Minister Liz Truss suggested lowering the United Kingdom’s highest tax rate from 45% to 40%, along with a 1% reduction in the income tax rate for all taxpayers, the bond markets and the central bankers around the world went stark raving mad. The academic pinheads at the International Monetary Fund trashed
Whether you’re contemplating San Francisco voters’ recall of left-wing District Attorney Chesa Boudin or the plight of Democrats nationally as they face voters’ dismay at out-of-control inflation, immigration and crime, the question is liable to come to mind: What were they thinking? Actually, there are some initially plausible answers. We’ve just been informed this last
In the 1930s, President Hebert Hoover was fond of saying that blessed are the children since they shall inherit the national debt. He must be rolling over in his grave today and he must be pitying our children on learning that for the first time ever our national debt has exceeded $30 trillion. In relation
Representative John Yarmuth (D-Ky.) is Chairman of the House Budget Committee, which is playing a key role in crafting the $3.5 trillion reconciliation bill currently being debated in Congress. During a speech to the Louisville, Ky. Rotary Club in June, he explained why he believes the government can borrow and spend the trillions under discussion
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