“The powers not delegated to the United States by the Constitution, nor prohibited by it to the States, are reserved to the States respectively, or to the people.”
Both conservatives and progressives are lamenting the soaring prices in the American economy. Not surprisingly, many of them are blaming the problem on Covid and, of course, on Russia. If only Covid hadn’t hit and if only Russia hadn’t invaded Ukraine, everything in...
President Biden’s 5.8 trillion dollars fiscal year 2023 budget increases “discretionary” spending to 1.6 trillion dollars. The remaining 4.2 trillion dollars of spending consists of “mandatory” spending, including on Social Security, Medicare, and interest on the...
The Trump administration is on track to post a 2019 fiscal year budget deficit of over $1 trillion. These are the kind of budget deficits we would expect to see during a deep recession, not an “economic boom.” But yet, some diehard supporters of the president still...