Economics/Class Relations

The Impact of Massive Federal Spending and Debt

FRIDAY, APRIL 12, 2024

“The rich” don’t need to be taxed any higher. They and many Americans who make far less than $1 million a year already pay the vast majority of the income taxes that feed the federal leviathan. And not only do “the poor” pay little or no income taxes, they receive tax refunds from the government of money they never paid in via refundable tax credits. I think the problem is rather that the Congress spends too much money. The national debt is not $22 trillion because “the rich” haven’t been taxed enough.
Laurence M. Vance, Tax the Rich?” [January 2019]

HORNBERGER’S BLOG

April 11, 2024
Fauci! Fauci! Fauci!
During the Covid crisis, the cry from Covid critics was incessant: “Fauci! Fauci! Fauci!” Fauci was a liar. Fauci was a killer. Fauci was evil. Fauci had to go if we were to regain our healthcare freedom. Well, Fauci is gone. He is no longer head of the National Institute of Allergy and Infectious Diseases, one of the 27 entities that compose the …
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EXPLORE FREEDOM

FISCAL POLICY
The Impact of Massive Federal Spending and Debt
by Jacob G. Hornberger and
Richard M. Ebeling
The Future of Freedom Foundation
Six-Month Federal Budget Deficit: $1.1 Trillion
by Editorial
Wall Street Journal
REGULATION
Antitrust Cases Are Anti-Business
by Kimberlee Josephson
Discourse
FOREIGN POLICY
The Rise and Fall of Loyal US Client Juan Orlando Hernandéz
by Atticus Canham-Clyne
Responsible Statecraft
Militarism Unhinged
by Phyllis Bennis, T.J. Jackson Lears, and Jeffrey D. Sachs
Counterpunch
PRESIDENCY
Biden Pays the Price for Causing Runaway Inflation as Americans Are Buried in Bills
by James Bovard
New York Post
ECONOMICS
Secretary Yellen Should Talk to the White House Economists
by Veronique de Rugy
National Review
The Middleman Is a Public Servant
by Art Carden
AIER
IMMIGRATION
15 Years of Data on Migrant Deaths in the El Paso Border Patrol Sector Now Available
by Austin Kocher
Substack
FREE SPEECH
‘Do the Right Thing,’ Say Assange Defenders as Biden Mulls Dropping Case
by Brett Wilkins
Common Dreams

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