Economics
Worse Than Biden: Despite Surge in Tariff Revenue Trump Runs Massive July Deficit
Despite all the talk about spending cuts and rising revenues out of the Trump White House, the budget deficit is worse now than it was at the end of Biden’s term. Even with a big surge in tariff revenue, the Trump administration still ran a massive shortfall in July....
Mercantilism Before the Tea Party: Forgotten Grievance of the Revolution
When government-run schools teach that the American Revolution was mostly about “taxation without representation,” the underlying message is clear: today, you have representatives, so if you don’t like what they do, just get new ones. But this ignores a deeper...
America Reaches a Sad Milestone
Last week the national debt reached 35 trillion dollars, a mere seven months after the debt reached 34 trillion dollars. To put this in perspective, the national debt first reached one trillion dollars in October of 1981, almost 200 years after the Constitution’s...
Out-of-Control Spending and Debt Means More Tyranny
The federal government’s debt load just passed $35 trillion. According to usdebtclock.org, that amounts to $267,000 per taxpayer. It’s worth mentioning that that federal debt load does not include Social Security and Medicare obligations or the obligations arising...