Posts Tagged ‘National Debt’
Jenny Beth’s Journal: The Solution to Our Spending Crisis is the Penny Plan
A recent poll came out showing a high level of support for a solution to the growing spending crisis. The penny plan would require the government to reduce the budget by one penny for every dollar it spends annually for five years. The Hill has Jenny Beth’s commentary: The new poll, commissioned by Club for…
Read MoreInnovation is One of Our Greatest Strengths
Are we destined to repeat history as other once great empires have with their out-of-control debt? It’s possible, but it’s also avoidable. Why? America has something that these failed empires don’t have … Entrepreneurs. The Washington Times has the story: The country or the society that can make the best use of these complex new…
Read MoreNational debt rose more than $1.2 trillion in 2018 fiscal year
The fiscal year of 2018 ended on Sunday with the national debt rising to $21.516 trillion, with $1.2 trillion borrowed this fiscal year. The Washington Examiner has the details: On the last business day of fiscal year 2018, which was Friday, Sept. 28, the total debt had grown to $21.516 trillion. Friday was the first…
Read MoreTrump’s rescission package is a step toward fiscal responsibility
President Trump promised to make America great again and cutting unnecessary spending is a part of that dream. This week, President Trump announced that he would be asking Congress to rescind $15 billion of unspent funding in an effort to tackle the latest budget deal and work toward reducing the national debt. “We are grateful…
Read MoreRep. Ralph Norman: This ‘atrocious’ spending bill does nothing to clean up the Swamp
The 2016 election was a mandate to change the status quo and drain the swamp. Republicans promised to repeal ObamaCare and cut government spending. Under President Trump, they did deliver on promises to cut taxes and replace the late Justice Antonin Scalia with a constitutional conservative in Justice Neil Gorsuch, but the massive spending ‘boondoggle’…
Read MoreDaily Signal: Spending cuts are better for the economy than tax hikes
Thanks to President Trump, the recently passed Tax Cuts and Jobs Act is a great first step to reviving business confidence in the U.S and boosting economic growth. However, if the Republican party doesn’t follow through on their campaign promise to minimize spending, America will take two giant leaps backward. The Daily Signal has the…
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