Tag Archives: national debt

Trump Hikes Federal Workers’ Pay All the Way up to $170,000 Per Year

One of the more disappointing aspects of the Trump era thus far has been the inability of the administration to get a hold on the size of the federal government. This isn’t just in terms of the money spent, mind you, but also the number of employees. The number of federal employees — 2.1 million…

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Trump ‘Poised To Sign’ Giant $1.4 Trillion Spending Deal, According to White House

One day before Wednesday’s monumental vote on impeachment, House Republicans and Democrats found something to agree upon — spending money. The House on Tuesday approved two separate budget bills that would fund government operations through September. The legislation now goes to the Senate, which must act by Friday, when the current stopgap bill that has…

The post Trump ‘Poised To Sign’ Giant $1.4 Trillion Spending Deal, According to White House appeared first on The Western Journal.

Socialist Warren Defends Massive Spending, Literally Says ‘There’s Always Money’

On a recent “Saturday Night Live” cold open, the network couldn’t help but make fun of Sen. Elizabeth Warren’s penchant for wanting to spend your money and then not explaining where it’s going to come from. The skit featured a voter asking Warren about her “Medicare for All” plan: “You said your plan would cost…

The post Socialist Warren Defends Massive Spending, Literally Says ‘There’s Always Money’ appeared first on The Western Journal.

Rand Paul’s Gov’t Waste Report: $22M on Serbian Cheese, $500K on ‘Operation Golden Potty’ & Millions More

It’s been a minor holiday tradition for those of us who still care about government waste to peruse Kentucky GOP Sen. Rand Paul’s list of government waste, either for the year or just for autumn. And these days, much like just about every year since Calvin Coolidge was hanging out in 1600 Pennsylvania, the government…

The post Rand Paul’s Gov’t Waste Report: $22M on Serbian Cheese, $500K on ‘Operation Golden Potty’ & Millions More appeared first on The Western Journal.

Warren Predicts Impending Economic Crash

Sen. Elizabeth Warren (D., Mass.) on Monday warned that the country faces an imminent economic crisis if the government fails to quickly pass legislation to “regulate the financial sector and significantly reduce middle class household debt.”

In a post published on Medium, the Democratic presidential candidate said that she has identified “warning signs” in the American economy, just as she did in the years prior to the 2008 financial crisis.

“When I look at the economy today, I see a lot to worry about again,” Warren wrote. “I see a manufacturing sector in recession. I see a precarious economy that is built on debt—both household debt and corporate debt—and that is vulnerable to shocks. And I see a number of serious shocks on the horizon that could cause our economy’s shaky foundation to crumble.”

The prevalence of debt features prominently in Warren’s negative prognosis of the American economy. She writes that stagnant wages and rising costs have led to record levels of several forms of debt in American households: student loan debt, credit card debt, and auto loan debt.

“Families may be able to afford these debt payments now,” Warren said, “but an increase in interest rates or a slowdown in income could plunge families over a cliff.”

Warren argues that corporate debt also presents a major financial danger, writing that the number of high-risk loans for already-indebted corporations has skyrocketed under the Trump administration and drawing parallels to the lead-up to the 2008 financial crisis.

To address corporate debt, Warren writes that federal regulators should be more strict in overseeing corporate lending.

Warren’s economic agenda calls for reducing household debt by raising the minimum wage and strengthening unions in order to increase incomes. Her plan would also entail the government canceling much of the county’s student debt, investing in child care and education, providing tuition-free public technical school, as well as the constructing millions of housing units.

Warren emphasized the country’s manufacturing recession, an issue not all Democratic candidates have stressed in their policy platforms. To rebuild the manufacturing sector, she suggests a “$2 trillion investment in American green research, manufacturing, and exporting over the next decade.”

Acknowledging the massive spending required by such a major investment in the economy, Warren recommends elimination of the debt ceiling or automatically raising it.

Warren’s warnings come as the Trump administration has emphasized a strong economy leading up to the 2020 election. The president has called repeatedly for the Federal Reserve to cut interest rates.

The post Warren Predicts Impending Economic Crash appeared first on Washington Free Beacon.

DNC’s Spiral into Debt May Prove Democrats Are Just Plain Bad with Money

After former President Barack Obama nearly doubled America’s national debt during his eight-year tenure, it should not come as a surprise that Democrats are not the greatest at managing money. And that principle applies even within the confines of their own party. The Democratic National Committee has already gone into debt just as the 2020…

The post DNC’s Spiral into Debt May Prove Democrats Are Just Plain Bad with Money appeared first on Conservative Tribune.

Economist Breaks It Down for Democrats, Explains Sheer Impossibility of ‘Medicare for All’

“If you think health care is expensive now, wait until you see what it costs when it’s free.” That quote is attributed to satirist P.J. O’Rourke, but it just might end up being disturbingly prescient. Not satisfied with already turning healthcare on its head through Obamacare, liberals are now floating their next plan for America:…

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CNN Hits Harris for Repeatedly Dodging Questions: ‘Could Be a Big Problem for Her’

CNN reporter Maeve Reston said Sen. Kamala Harris (D., Calif.) could have a “big problem” with her habit of dodging direct questions, pointing on Tuesday to a town hall where the presidential candidate consistently said she wanted to have a “conversation” but wouldn’t commit to policy stances.

Anchor Brooke Baldwin introduced a montage of Harris dodging direct answers to policy questions at Monday’s CNN town hall with Democratic voters in New Hampshire, calling the “conversation” line Harris’s “go-to.” Harris is considered one of the top Democratic presidential candidates, although she’s lagging considerably in early polling behind former Vice President Joe Biden and Sen. Bernie Sanders (I., Vt.), the former of whom isn’t a declared candidate yet.

On the voting age being lowered to 16 (“I’m really interested in having that conversation”), supporting reparations (“we should study it and see”), eliminating student loan debt (“I support anything that is about reducing the debt of student loans, and I think that’s an important conversation to have”), and extending the vote to convicted killers like the Boston Marathon bomber (“I think we should have that conversation”), Harris wouldn’t give straight answers to questioners on Monday.

“On a debate stage, you have to respond in real time,” Baldwin said. “How many more times will a default answer be sufficient?”

Reston called it Harris’s “graceful dodge.”

“She does this all of the time on the campaign trail when voters asked her questions where she’s not quite sure what position she’s going to stake out yet, but she wants to kind of convey the idea that she might be on your side,” Reston said. “So you hear that phrase over and over again with her, and it’s part of her trademark caution throughout her career and could be a big problem for her going down the line.”

“I don’t think that voters really like that kind of caution,” she added. “They want someone to really lay out at least kind of what they’re thinking, and she often has gone back and looked at the polls and talked to advisers and is just really careful about these kind of questions. Is that what voters are going to want? I don’t know.”

Harris was forced to walk back an answer in January where she called for the abolition of the private insurance industry. In one of her direct responses on Monday, she said she would take executive action on gun control if Congress didn’t act in the first 100 days of her administration.

The post CNN Hits Harris for Repeatedly Dodging Questions: ‘Could Be a Big Problem for Her’ appeared first on Washington Free Beacon.

This Ronald Reagan Speech on a Balanced Budget Is One Every Politician Needs To Hear

Conservatives need to call out Republicans when they’re not being particularly conservative. And, as February’s budget numbers showed, two years of a Republican president and a Republican Congress hasn’t produced results that one might call uniformly conservative. “The U.S. posted its biggest monthly budget deficit on record last month, amid a 20 percent drop in…

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United States Is Drowning in Debt: Pentagon Cannot Remember Where They Put $2.1 Billion

A few billion here and a few billion there, and pretty soon we’re talking about real money. It wasn’t that long ago that the federal government shut down after lawmakers refused to agree to President Trump’s $5.7 billion request for border funding. But while elected officials squabbled, the very same government has reportedly mishandled billions…

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Exclusive– Daniel McCarthy: Western Civilization’s Future More Important Than Worries over Social Security

Populist columnist Daniel McCarthy says the future of Western Civilization is vastly more fundamental to the American nation than economic libertarians’ worries over Social Security and Medicaid funding.

Study: Green New Deal Would Cost $93 Trillion, over Four Times the National Debt

Congressman Alexandria Ocasio-Cortez’s (D-NY) radical Green New Deal would cost over four times the national debt, according to a study released on Monday.

Fmr. Obama Lead Adviser Says What We’re All Thinking About AOC: ‘Economically Ignorant’

She has her share of detractors, but it is not just people on the right who think that what Rep. Alexandria Ocasio-Cortez proposes would be disastrous for America. Her latest critic was a member of former President Barack Obama’s administration. So, what New York Times contributing writer Steven Rattner had to say about one of the…

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