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Principles Of Government

All material on this site is for educational purposes only
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Fiscal Policy

  • Categories
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  • Entitlements Always Grow and Grow

    By John F. Cogan - Jan. 3, 2022 

    Copyright ©2022 Dow Jones & Company, Inc. All Rights Reserved. 87990cbe856818d5eddac44c7b1cdeb8

    Principles of Government · January 22, 2022 ·

    The ‘equally worthy claim’ inexorably prompts further expansion, regardless of lawmakers’ initial limits. Sen. Joe Manchin’s emphatic “no” to the current version of Build Back Better put the bill on life support. Majority Leader Chuck Schumer, having promised a Senate vote, now must try to maintain the bill’s progressive priorities—including a raft of new and… Read More

    Filed Under: Articles, Fiscal Policy, Social Policy, Transfers and Entitlements

    Democrats’ Stealth Plan to Enact Universal Basic Income

    By Robert Doar and Matt Weidinger - March 3, 2021

    Copyright ©2020 Dow Jones & Company, Inc. All Rights Reserved. 87990cbe856818d5eddac44c7b1cdeb8

    Principles of Government · May 19, 2021 ·

    Universal basic income is about to arrive in America. Congressional Democrats’ $1.9 trillion stimulus bill provides for no-strings attached checks, limited only to parents of children under 18. This UBI for parents is billed as pandemic relief, but its real purpose is to put a stake in the heart of work-based welfare reform. Read More

    Filed Under: Articles, Fiscal Policy, Social Policy, Transfers and Entitlements

    Biden and Powell Are at Odds on Inflation

    By Judy Shelton - Sept. 1, 2022

    Copyright ©2022 Dow Jones & Company, Inc. All Rights Reserved. 87990cbe856818d5eddac44c7b1cdeb8

    Principles of Government · October 24, 2022 ·

    Welcome to the era of good-cop, bad-cop tactics from major government institutions. Fiscal and monetary policy are now working at odds to fight inflation. The Fed could crush demand by raising interest rates to stratospheric levels only to have a spendthrift White House and complicit Congress pump up consumer prices through fiscal measures that expand spending power—cash payments, subsidies, rebates, student loan forgiveness. Read More

    Filed Under: Articles, Fiscal Policy, Monetary Policy

    Biden’s Plan for an Entitlement Society

    By John F. Cogan and Daniel L. Heil - June 29, 2021

    Copyright ©2021 Dow Jones & Company, Inc. All Rights Reserved. 87990cbe856818d5eddac44c7b1cdeb8

    Principles of Government · July 24, 2021 ·

    The federal government’s system of entitlements is the largest money-shuffling machine in human history, and President Biden intends to make it a lot bigger. His American Families Plan—which he recently attempted to tie to a bipartisan infrastructure deal—proposes to extend the reach of federal entitlements to 21 million additional Americans, the largest expansion since Lyndon B. Johnson’s Great Society.

    For the first time in U.S. history…more than half of working-age households would be on the entitlement rolls if the plan were enacted in its current form. Contrary to Mr. Biden’s assertion that his plan “doesn’t add a single penny to our deficits,” his plan would add more than $1 trillion to the national debt over the next decade. Read More

    Filed Under: Articles, Fiscal Policy, Social Policy, Transfers and Entitlements

    It’s the Entitlements, Stupid

    By The Editorial Board - The Wall Street Journal - June 29, 2021

    Copyright ©2021 Dow Jones & Company, Inc. All Rights Reserved. 87990cbe856818d5eddac44c7b1cdeb8

    Principles of Government · July 24, 2021 ·

    Sen. Joe Manchin’s public support Sunday for at least $2 trillion in new spending in a partisan budget bill is a huge win for the political left. This means a giant tax-and-spend bill this year is likely, and the biggest expansion of the entitlement state since the 1960s is now possible.

    The entitlements are by far the biggest long-term economic threat from the Biden agenda. Tax increases can be repealed by a future Congress. Spending on infrastructure will slow as funding falls. The courts may block his racial preferences. But entitlements that spend automatically based on eligibility are nearly impossible to repeal, or even reform, and they represent a huge tax-and-spend wedge far into the future.

    The media won’t talk about this, and Republicans are so far missing in action. But Americans need to understand the stakes. Read More

    Filed Under: Articles, Fiscal Policy, Social Policy, Transfers and Entitlements

    A Plan to Save America’s Finances

    By Paul Ryan - Nov. 16, 2022

    Copyright ©2022 Dow Jones & Company, Inc. All Rights Reserved. 87990cbe856818d5eddac44c7b1cdeb8

    Principles of Government · December 4, 2022 ·

    U.S. fiscal policy is on a collision course with monetary policy. The economic devastation resulting from a debt and currency crisis could inflict enormous—possibly irreparable—damage. Predicting precisely when a huge debt and high deficits will unleash economic disaster is difficult. The dollar’s status as the world’s reserve currency gives the U.S. unique advantages, but no country can defy the laws of economic gravity forever. The U.S. has run up large budget deficits and debts before, but those moments of national emergency, such as world wars or global financial crises, were usually—at least until recently—followed by periods of fiscal repair. Read More

    Filed Under: Articles, Fiscal Policy, Social Policy, Transfers and Entitlements

    Student-Loan Forgiveness and the National Debt

    By Mitch Daniels - Sept. 1, 2022

    Copyright ©2022 Dow Jones & Company, Inc. All Rights Reserved. 87990cbe856818d5eddac44c7b1cdeb8

    Principles of Government · October 24, 2022 ·

    … I wish he had been around to put a label on the federal student-loan program. In the sad catalog of its failures, the federal government has set a new standard. President Biden’s debt-cancellation announcement represents the final confession of failure for a venture flawed in concept, botched in execution, and draped with duplicity.

    … It’s grossly unfair to those who repaid what they borrowed or never went to college. It’s grotesquely expensive, adding hundreds of billions to a federal debt that already threatens our safety-net programs and national security. Like so much of what government does, it’s iatrogenic, inflating college costs as schools continue to pocket the subsidies Uncle Sam showers on them. And it’s profanely contemptuous of the Constitution, which authorizes only Congress to spend money. Read More

    Filed Under: Articles, Education, Culture, Ideology, Fiscal Policy

    Biden’s Cradle-to-Grave Government

    By The Editorial Board of the Wall Street Journal - April 29, 2021

    Copyright ©2020 Dow Jones & Company, Inc. All Rights Reserved. 87990cbe856818d5eddac44c7b1cdeb8

    Principles of Government · May 26, 2021 ·

    The progressive hits keep coming from the Biden Administration, and the latest is the $1.8 trillion American Families Plan introduced in broad strokes on Wednesday. It’s more accurate to call this the plan to make the middle class dependent on government from cradle to grave. The government will tell you sometime later, after you’re hooked to the state, how it will force you to pay for it. Read More

    Filed Under: Articles, Fiscal Policy, Social Policy, Transfers and Entitlements

    You’re Already Paying for That $4.5 Trillion

    By Joseph C. Sternberg - Aug. 12, 2021

    Copyright ©2021 Dow Jones & Company, Inc. All Rights Reserved.

    Principles of Government · September 3, 2021 ·

    Taxes haven’t gone up yet, but inflation and lost productivity amount to financial repression. It’s a $4.5 trillion week in Washington. Between the infrastructure and reconciliation bills in various stages of debate, it’s worth discussing in some depth how all this will be paid for. Government spending is conventionally understood as a matter of increased… Read More

    Filed Under: Articles, Fiscal Policy, Monetary Policy

    Rising Interest Rates Will Crush the Federal Budget

    By Red Jahncke - June 29, 2022

    Copyright ©2022 Dow Jones & Company, Inc. All Rights Reserved. 87990cbe856818d5eddac44c7b1cdeb8

    Principles of Government · July 21, 2022 ·

    The Federal Reserve’s policies of increasing interest rates and quantitative tightening—reducing its $8.9 trillion balance sheet—will increase the volume and cost of federal government borrowing, slamming the federal budget and exposing the consequences of decades of deficit spending.

    Total federal gross interest cost over the 12 months ending on May 31 was $666 billion. If we include the impending extra interest on Treasury bills and the maturing notes, that figure rises to $863 billion. This is a staggering cost. National military spending was $746 billion over the past 12 months; Medicare spending was $700 billion.
    Read More

    Filed Under: Articles, Fiscal Policy, Monetary Policy

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    Characteristics of Government

    • Introduction
    • Socialism
    • Competition
    • Democracy
    • Social Policies Effects on Democratic Government
    • Characteristics and Goals of Modern Liberalism
    • Political Correctness
    • Democracies and National Defense
    • Voting

    Principles of Good Government

    • Introduction
    • Citizenship
    • Belief System
    • Government Structure and Political System
    • Fiscal Policies
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    • Free Markets and Regulation
    • Sound Money
    • The Rule of Law
    • Defense and Foreign Policy
    • Conservation and Environment

    Voting

    • Introduction

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    * All material on this site is for educational purposes only.

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    Characteristics of Government

    • Introduction
    • Socialism
    • Competition
    • Democracy
    • Social Policies Effects on Democratic Government
    • Characteristics and Goals of Modern Liberalism
    • Political Correctness
    • Democracies and National Defense
    • Voting

    Principles of Good Government

    • Introduction
    • Citizenship
    • Belief System
    • Government Structure and Political System
    • Fiscal Policies
    • Social Policies
    • Free Markets and Regulation
    • Sound Money
    • The Rule of Law
    • Defense and Foreign Policy
    • Conservation and Environment

    Resources

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