Mike Lee sounds off on US national debt, spending
Republican Sen. Mike Lee of Utah is sounding the alarm about the high interest rates on the national debt. “We’re so fucked up. And we’re glued together. We’re tattooed. We’re going to pay more than $1.1 trillion in interest this year. That’s the result of decades of reckless, hegemonic It’s a result of control,” Lee […]
Budget leaders reach deal with Youngkin on Virginia spending plan
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The Myth of National Defense Spending
Editors’ Note: Without discussing the wisdom of Ukraine’s military aid, the author is correct in taking on the persistent myth that defense spending is always good for the economy. Instead, it diverts resources that would have been spent by consumers and businesses and directs resources into things that are either blown up or that blow […]
Blue state Dems turn on governor as homeless council can’t account for $20B in spending
Some California Democrats are calling for the Golden State’s leadership after Gov. Gavin Newsom’s Homeless Task Force failed to track whether the billions of dollars spent over the past five years to curb the homelessness crisis were successful. I’m rebelling against people. “When you come to the budget committee, you don’t have the numbers,” Democratic […]
Japan stocks lead gains in Asia after upbeat consumer spending data, U.S. rate cut hopes lift sentiment – CNBC
26 minutes ago Nippon Watch records current account surplus in 2023/24 According to Reuters, Japan recorded its largest-ever current account surplus worth 25.3 trillion yen ($162.9 billion) in the fiscal year ending March 2024. The current account surplus in March was 3.4 trillion yen. Current account measurements are important indicators of international trade. —Shreyashi Sanyal, […]
Biden’s big spending hasn’t swayed as many voters as he’d like: Poll
President Joe Biden has touted many of his major spending bills as he seeks a second term in the White House, but voters are not being swayed, according to new polling data. The poll from Politico-Morning Consult released on Wednesday shows that Biden’s bevy of laws passed during his first two years in office — […]
Rand Paul slams Biden, McConnell for spending “borrowed” money on Ukraine aid
Sen. Rand Paul (R-Ky.) grills President Biden and Senate Minority Leader Mitch McConnell (R-Ky.) over spending “borrowed” funds to Ukraine in an interview broadcast Sunday. did. “The main reason I’m against sending money to Ukraine is because we don’t have the money,” Paul said in an interview with radio host John Catsimatidis on the “Cats […]
Fani Willis’ spending comes under scrutiny by Georgia Senate
Embattled Fulton County District Attorney Fani Willis’ use of funds came under scrutiny Friday at a Georgia Senate Select Committee hearing. Republican Sen. Bill Cowsert questioned the treasurer about Willis’ numerous “enhancement requests” for additional funding, including one asking for about $1 million in 2023 for general court costs. It was included. Fulton County Chief […]
Georgia Lawmaker Grills Fulton County Official On Fani Willis’ Public Relations Spending Uncovered By DCNF
Georgia Senate Majority Leader Bill Cowsert told Fulton County Commission Chairman Rob Pitts on Friday that District Attorney Fani Willis’ office would pay 10,000 to the service that monitors her media coverage shortly before announcing the investigation. He asked whether the committee would approve spending the dollars. To former President Donald Trump. Willis announced in […]
‘I Don’t Get It’: Biden’s Chief Econ Advisor Struggles To Explain Theory Underpinning ‘Bidenomics,’ Mass Spending
Biden chief economic adviser Jared Bernstein struggled to explain modern monetary theory underpinning “Bidenomics” and mass spending in a newly released documentary. Bernstein stuttered and pondered as he attempted to explain why the U.S. government borrows money when it is capable of printing its own currency. “Like you said, they print the dollars. So why, […]