The House passed the Gephardt rule and essentially says they will not take two votes on every fiscal matter. Not a fiscal panacea but some return to adult behavior.
The national debt is typically only a concern for the party out of power, if at all. In such a case it is a convenient foil to majority’s plan to increase spending or raise taxes.Continue reading National Debt Discussion
I enjoyed watching this hearing on the national debt and the economy from the House Financial Services Committee and decided it would be a good thing to post.
The Mercatus Center at George Mason University issued their 2018 rankings of states by fiscal condition. You can find the North Dakota discussion here. As a point of reference North Dakota was ranked in the top 5 each of the previous three years. The current ranking puts the state squarely in the average category.Continue reading State Fiscal Rankings-ND #19
I caught numerous headlines last week about the President unhappy with the Fed raising rates (here is one from CNN). I am not going to get into whether the President can or cannot criticize the Fed, and I am actually not going to get into whether he should. The question we need to ask is whether or not he is correct about economic policy.
It surprised few that the debt ceiling is a topic of discussion again, although the way this is unfolding may actually be a surprise. The leaders of the House of Representatives and the Senate both seem convinced there will be an approval of a debt ceiling increase before the end of the government’s fiscal year. For the time being markets seem to largely believe this.