Political Legitimacy Dies in 2020
American Institute for Economic Research, July 28, 2020
deficit spending
“NEVER AGAIN”: President Trump signs $1.3 trillion spending bill in a calculated decision [VIDEO]
On Friday, 23 March, US President Donald Trump took a path most uncomfortable in his presidency, signing a massive, 2,232 page spending bill that is not even a budget, but rather a glorified continuing resolution with money for things he likes and things he does not like. The bill was presented with literally 1,000 minutes for all the congressmen to consider. At more than two pages a minute, it is not likely that this legislation was fully reviewed by any one person.
If You're Spending 5 Minutes Laughing At The Trumpanzee Budget, That's 5 Minutes You're Not Spending On His Collusion With Putin
I was surprised on Monday when Trump's Director of the Office of Management and Budget said that the budget the Trumpanzee Regime presented to Congress is not serious. Putin put a post-literate monstrosity in the White House. Jonathan Bernstein pointed out that Trump didn't read-- let alone write-- the budget; Mulvaney and his staff did.
The Smartest Economist In America Explains What Deficits Really Mean
In early October one of the brightest economists in the country, Stephanie Kelton-- who had served as the Democrats’ chief economist on the Senate Budget Committee and as Bernie’s chief economics adviser during his presidential campaign-- penned an especially instructive OpEd for the NY Times, How We Think About the Deficit Is Mostly Wrong. At the time, it helped open the eyes of dozens of members of Congress and congressional staffers.
Deficit Spending And Populist E-Mail Chains
This has been circulating in Nashville's music community this week and, at first, I was surprised to see the progenitor was-- at least inspirationally-- Warren Buffet, rather than Jimmy Buffett. "Let's see," it begins, "if these idiots understand what people pressure is all about."
