If you are wondering why Washington keeps running ever larger deficits, one reason is that fiscal policymakers are increasingly losing control of their own budget. The figure below breaks down the composition of government spending since 1962 into discretionary, mandatory, and net interest spending. Discretionary spending from the annual appropriations process has been steadily declining
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Russia has a planned regular 11-day maintenance period of Nord Stream I beginning July 11. But the president of Germany’s Federal Network Agency, Klaus Müller, warned on Saturday that the pipeline maintenance could go on longer. It would be for political reasons. German industries would face possible collapse as a result. His fear was echoed by
The Left – media and politicians – claim Donald Trump planned a transition, but if he had, it would have been the strangest insurrection in history. Donald Trump certainly had a strange way of planning an insurrection since he officially approved the peaceful transition on November 23, 2020, according to Kash Patel and a New
Ye are of God, little children, and have overcome them: because greater is he that is in you, than he that is in the world. — 1 John 4:4 Just a couple of months ago, I read the story of Lucy Westlake. Lucy reached the summit of Mt Everest on May 12, 2022. She wasn’t
Visualizing China’s Rise To Economic Superpower As the world still grapples with supply-chain backlogs (partially) caused by China’s strict Covid-19 policies, it has become painfully obvious how vulnerable the global economy is to national or even regional disruptions, especially if they happen in China, the world’s number one supplier of goods. In fact, as Statista’s
The Economic Growth That Never Was Authored by Tuomas Malinen via The Epoch Times, In March 2019, we published an ominous special report, entitled: Why the global growth model is broken. In it, we explained a troubling phenomenon: productivity growth in the world economy had stalled in 2011 and started to decline. We first noticed this in
Utah families cannot afford $5.25 a gallon This holiday weekend gas prices are unsustainable. @POTUS has only made the situation worse. Utah families cannot afford $5.25 a gallon, and they can’t afford the higher prices energy costs are bringing to everything else. — Mike Lee (@SenMikeLee) July 2, 2022 The post Utah families cannot afford
Life for us will get simpler, for sure, but it doesn’t have to be a trip back to the eleventh century…. The Party of Chaos is draping its narrow shoulders in black crepe this Fourth of July, putting on funereal airs, which is actually just another cynical act in their remorseless performance of pretending to