Deficit

Biden’s $5.8 Trillion Budget: Here Are Some of the Crazy Ways He Wants to Spend Your Money

President Joe Biden's budget is stuffed full of frivolous spending, fantasy math, and more than a little insanity - all courtesy of your wallet.

Biden’s Budget Calls for Funding the Police, Taxing Rich, Countering China

President Joe Biden released his $5.8 trillion budget for fiscal year 2023 on Monday, including significant funding for the police, in an effort to set himself apart from progressives in his party who have advocated for defunding the police. Biden also called for more defense spending and a new minimum tax targeting the rich.

Full Text: Joe Biden’s State of the Union Address

Madam Speaker, Madam Vice President, our First Lady and Second Gentleman. Members of Congress and the Cabinet. Justices of the Supreme Court. My fellow Americans.

Taxpayer-Funded Federal Program Trains Teachers in Critical Race Theory

Newly uncovered federal grant documents show that the U.S. Department of Education awarded roughly $2.5 million in taxpayer dollars to a Florida-based education program that trains future teachers and other professionals in, among other things, critical race theory.

How Government Spending Fuels Inflation

When debt grows so much that people don’t believe the Treasury will pay it, they sell their bonds and buy other things, sending prices through the roof.

Another Obama Economist Joins Public Chorus of Voices Disparaging Biden’s Handling of Inflation

Former Treasury official Steven Rattner writes in the NYT that the president is being "disingenuous" in his approach to U.S. economic issues.

National Debt Passes $30 Trillion for the First Time in U.S. History

The national debt rose from almost $28 trillion to $30.01 trillion so far under Biden's first term, according to Treasury data

U.S. Trade Deficit Hits Historic $1 Trillion Under Biden Economy

U.S. trade deficit in goods surges to record high.

California Gov. Gavin Newsom Using Federal COVID Funds for ‘Climate Change’

Democratic governor Gavin Newsom has planned to use some of the state's budget surplus from federal COVID stimulus payments toward climate-related projects.

Republican-led States Lead Democrat-led States in November Economic Recovery

States with Republican governors and legislatures are leading Americans back to work quicker than those led by Democrats, according to an analysis of the state-by-state unemployment data from the Department of Labor.

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