National Debt

The federal government's fiscal year ended on September 30. As has been the administration's habit for years with news that might draw negative attention, the Treasury Department conveniently released its year-end Monthly Budget Review Friday afternoon to minimize the discussion of its grim news.

Many writers on the left and beat journalists in the establishment press contend that Republican presidential nominee Donald Trump and running mate Mike Pence tell lies so often that it's virtually impossible to keep up with all of them. If that's so, why, with all those "obvious" falsehoods out there, did two Los Angeles Times reporters have to label an absolutely true statement by Pence about…

On Thursday, Federal Reserve Chairman Janet Yellen suggested in a videoconference call, as translated into plain English by the Wall Street Journal, that "there could be benefits to allowing the central bank to buy stocks as a way to boost the economy in a downturn."

It's a safe prediction that there will be renewed interest in the federal government's perilous financial situation if the country elects someone not named Hillary Clinton as its next president in November. One reason why this prediction is so safe is how little interest there has been in even covering today's news about Uncle Sam's troubling June surplus of only $6.3 billion. The Associated…

Hillary Clinton’s proposal to spend $350 billion on “affordable” tuition may have been outrageous, but at least it provoked some poignant comments on the pitfalls of big government.

For one New York Times columnist, democratic presidential candidate Hillary Clinton hasn’t been revolutionary enough in her economic policies. Times columnist Eduardo Porter complained that Clinton’s economic plan, which included “only $1.1 trillion” in new tax hikes and $275 million in infrastructure spending, was just a “careful collection of tweaks and prods.”

Philip Bump and the Washington Post have apparently had a couple of pretty bad days. The Post had to endure having to cover, and cover for, an absolutely awful jobs report released Friday morning. That news made their beloved Dear Leader, who had just celebrated the allegedly wonderful economic accomplishments seen during his presidency on Wednesday, look quite foolish. Never fear: By Paragraph 4…

Former Reagan official David Stockman predicted that whoever was elected in 2016 would “inherit a recession.” Stockman, former Director of the Office of Management and Budget for President Ronald Reagan, said on May 25, 2016, that Wall Street would undergo “massive panic and selling.”  

Democratic presidential frontrunner Hillary Clinton believes we're supposed to be impressed by the idea of putting her husband Bill, in the Associated Press's words, "in charge of revitalizing the economy." Yep, the old "2-for-1" offer from the early 1990s is back. In 1993, President Bill put First Lady Hill in charge of health care. Fortunately, nothing tangible resulted, but we did get an…

As his final term wanes, the New York Times is making excuses for the economy’s performance under President Obama, with the president himself guiding the way. Economics reporter Andrew Ross Sorkin’s interview of Obama for the cover of the Times Sunday magazine dug in in defense of Obama. The subhead: “Eight years after the financial crisis, unemployment is at 5 percent, deficits are down and G.D.…

Just in time for tomorrow's first-quarter economic growth announcement from the government, Bloomberg Businessweek's Economics Editor is telling readers: "Don't Sweat America's Upcoming Microscopic GDP Growth." Besides, Peter Coy writes, people need to get used to the supposedly inescapable fact that "Normal growth for the U.S. economy is just a lot lower than it used to be." Americans shouldn't…

It's so predictable. Whenever a government or leader follows the left's playbook and the results "uexpectedly" don't turn out to be anywhere near what was desired, it isn't the policies' or the leader's fault. No-no-no. During the Mayor David Dinkins era in New York City, it was because Gotham had become ungovernable by any human being – until Rudy Giuliani took over. During the Carter Era, the…

It appears that there's an effort underway to expand the definition of "deniers" beyond the realm of climate change/"global warming." Ideally, in leftists' minds, a "denier" would be "anyone who doesn't accept leftist dogma without reservations." That definition would apparently extend to anything relating to the economy, if Associated Press White House reporter and dedicated Barack Obama…

At the Associated Press, in a Friday morning writeup, the wire service's headline writers and reporter Martin Crutsinger demonstrated extraordinary auditory powers. The headline writers somehow heard the entire U.S. economy start the year off "with a bang." Meanwhile, Crutsinger, continuing to earn his designated title of "worst economics writer" given by Kevin Williamson at National Review…