Sipping my coffee this morning and reading the paper about the proposed capital gains tax cut it struck me that this is a really big change with very unclear consequences.
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.