Biden's student loan cancellation ploy would exacerbate inflation by putting even more money in the pockets of millions of Americans, most of whom don't need the additional cash.
If you think inflation is bad now, wait until state and local governments and the feds start spending all of that appropriated money in the infrastructure bill.
A stable economy needs stable policies. And businesses, consumers and regulators all need to know what those policies are. Unfortunately for the economy and the country, Biden’s policies keep shifting, depending on the latest crisis — and the latest polls.
Biden campaigned on reducing wealth inequality, and he’s certainly done that. Wealthy people with money in the stock market are likely worth a lot less today than at the beginning of the year.
Most observers realize that the United States is going to have to increase its defense spending. But, with federal debt ballooning, interest rates rising and the return of inflation, we simply must set our fiscal house in order. We must be able to say “no” to more things so that we can “yes” to a stronger defense.
There is no solution to inflation other than reining in loose money and enduring whatever temporary economic pain may result.
The left thinks it can plan and control human behavior and the economy, yet Biden's State of the Union address will likely reveal that the economy is not going as planned.
The's a way to impose price controls on Congress to limit how much it costs taxpayers. It's called the budget sequester.
McConnell got done what needed to be done—and with less drama than we’ve seen in the House. He limited the fiscal and political damage Biden’s agenda could have caused, and he bought some much-needed time on fighting Build Back Better.
Manchin demonstrated that a “moderate” Democrat can still make a difference and may have reduced the hit Democrats will likely take in the 2022 midterms.