Posted in Clips coronavirus Economy Mitch McConnell National Debt Politics Republicans

McConnell: About 20 Senate Republicans ‘Don’t Think We Ought to Do Another Package’

During an interview aired on Wednesday’s broadcast of “PBS NewsHour,” Senate Majority Leader Mitch McConnell (R-KY) stated that there are about 20 Republican members of the…

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Posted in Bill Maher Clips coronavirus Economy Nancy Pelosi National Debt Politics

Maher: I Worry Overspending Could End Up ‘Hurting More’ than Coronavirus

During an interview with House Speaker Nancy Pelosi (D-CA) broadcast on Friday’s edition of HBO’s “Real Time,” host Bill Maher expressed concern about the amount…

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Posted in bailouts demand Economics Economy federal spending Government Spending Keynesian Keynesian economics National Debt stimulus

Why Economic ‘Stimulus’ Only Makes The Economy Worse

While it remains a favorite policy prescription for politicians eager to appear as salvific heroes in times of need, it is untenable as a serious…

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Posted in Chris Bedford debt Donald Trump Federal Reserve Finance House of Representatives Jerome Powell loans Loretta Mester National Debt Quantitative Easing The Federalist Wuhan virus

Federal Reserve Announces $700 Billion Asset Purchases, Cuts Interest Rates To Zero

The nation’s central bank stated in an emergency that it was ‘prepared to use its full range of tools’ to keep the economy afloat.

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Posted in budget deficits cbo Congressional Budget Office Economy federal debt National Debt Politics

CBO Projects Federal Debt To Rise to $31.4 Trillion

The CBO forecasts a $1 trillion budget deficit this year and an average of $1.3 trillion over the next ten years.

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