Category: Macroeconomic

February 7, 2022

A new survey shows that 41% of Americans say they are financially worse off today than one year ago (January 2021), while an identical 41% say they are financially better off. However, this is well below the financial optimism people […]

February 2, 2022

The U.S. national debt topped $30 trillion for the first time in history, which Rep. French Hill (R-Ark.) called “depressing.” “It’s depressing – $30 trillion up $8 trillion over the course of fighting this pandemic, and Americans should be concerned […]

January 26, 2022

When President Joe Biden was sworn in on Jan. 20, 2021, the federal government’s debt stood at $27,751,896,236,414.77. When his first year in office ended on Jan. 20, 2022, it stood at $29,867,021,509,573.92. That means that during Biden’s first 12 […]

January 25, 2022

In this edition of Central Bank Watch, we’ll review comments and speeches made by various Federal Reserve policymakers in the week ahead the communications blackout window around the January Fed meeting ended. The blackout started on Saturday, January 15, leaving […]

January 12, 2022

Total federal tax collections in the first three months of fiscal 2022—October through December—set a record as they topped $1 trillion, hitting $1,051,873,000,000, according to the Monthly Treasury Statement released today. Prior to this year, the most the federal government […]

December 30, 2021

When running against Donald Trump for president, Joe Biden often made the now-ironic charge that any president who has allowed so many deaths from COVID-19 should never be in the White House. Today, there are more deaths from COVID under […]

December 10, 2021

The Consumer Price Index for All Urban Consumers (CPI-U) increased 0.8 percent in November on a seasonally adjusted basis after rising 0.9 percent in October, the U.S. Bureau of Labor Statistics reported today. Over the last 12 months, the all […]

December 2, 2021

“We spent a lot of money in the last couple of years,” Rep. Frank Lucas (R-Okla.) told a hearing of the House Financial Services Committee on Wednesday. “Since the start of the pandemic, the United States has added more than […]

November 24, 2021

President Biden on Tuesday took credit for the supposed strength of the U.S. economy — “the strongest economic recovery in the world,” he called it. But he also said don’t blame him for the “painful” spike in gasoline prices. Higher […]

November 19, 2021

“Never in American history will so many taxes be raised and so much borrowing be needed to pay for all this reckless spending.” McCarthy’s marathon speech began at 8:38 p.m. Thursday and ended eight hours and 32 minutes later, at […]

November 17, 2021

It’ll be easier for illegal aliens to obtain billions of dollars of taxpayer-funded benefits, if Democrats’ Build Back Better bill (H.R. 5376) is enacted. Currently, applicants must provide a valid Social Security number in order to receive benefits – but, […]

November 15, 2021

Don’t blame inflation on Washington’s multi-trillion spending spree: “I think it’s important to realize that the cause of this inflation is the pandemic,” Treasury Secretary Janet Yellen told CBS’s “Face the Nation.” “The pandemic has been calling the shots for […]

November 11, 2021

“Many people remain unsettled about the economy, and we all know why,” President Joe Biden said during an appearance at the Port of Baltimore on Wednesday. “They see higher prices. They go to the store online and they can’t — […]

November 2, 2021

It’s time to pass the bipartisan infrastructure bill and “quit playing games,” Sen. Joe Manchin (D-W.Va.) told a news conference on Monday. The senator — one of two Democrats so far refusing to pass the larger “human” infrastructure/reconciliation bill – […]

October 26, 2021

Democrats need to rethink their plan to tax billionaires on their unrealized capital gains, which will discourage investment in the U.S. economy, Sen. Mitt Romney (R-Utah) told Fox News on Monday. “I think it’s a big mistake,” he said. “Well, […]

October 25, 2021

Treasury Secretary Janet Yellen continues to insist that price inflation — food, fuel, and all the rest — is temporary: “Americans haven’t seen inflation like we have experienced recently in a long time. But as we get back to normal, […]

October 12, 2021

With each passing week, it looks like World War III — between America and China — is coming sooner than we think. It’s not going to be fought with bullets or aircraft carriers, although the Chinese are building up their […]

October 4, 2021

Senate Majority Whip Dick Durban says he supports the $3.5-trillion reconciliation bill that has caused a split in the Democrat Party. Leftist Democrats insist that the bill — full of new entitlement programs — must pass either before or along […]

September 21, 2021

An overlooked provision of the new, sweeping tax bill currently under consideration by Congress as part of President Joe Biden’s $3.5 trillion infrastructure plan would substantially limit the qualified small business stock (QSBS) capital gain exclusion for certain taxpayers. If […]

September 13, 2021

What’s the big rush? Sen. Joe Manchin (D-W.Va.) wondered on Sunday, as he was pressed to explain his stated opposition to the $3.5 trillion cost of the Democrats’ “human” infrastructure bill. “Well, George, I’ve been very clear, I think, and […]