Once again, Congress failed to pass its budget before the end of the fiscal year on Sept. 30. It also failed to do this critical part of its job before the continuing resolution, or CR -- which they enacted in September to fund the government -- expired on Nov. 21. The sorry result is that Congress compelled itself to adopt yet another CR, one ...Read more
At a time when our country seems as divided as ever and many are talking as if the end times are coming, it's more important than ever to look at what we should be thankful for.
Unemployment is at its lowest level in nearly 50 years. Poverty is down, too. Since 1990, average life expectancy in the United States increased from 75.4 to 78.6 years...Read more
When the U.S. House of Representatives voted to reauthorize the Export-Import Bank last week, special interests got their way in the swamp that is Washington. While advocates for the nation's official export credit agency pretend it supports small businesses, grows exports and sustains growth, the reality is quite different. Ex-Im Bank is better...Read more
Here we go again. We're approaching another deadline to pass a government spending bill or risk a government shutdown. Legislators routinely manufacture this sort of "crisis" to ram through provisions that wouldn't survive scrutiny standing on their own. Congress is reportedly likely to push the budget deadline into December, but whenever the ...Read more
The more I follow the Democratic presidential campaign, the more I see how little I understand some people. After all, we can have differences when it comes to ideology, and we can aspire to different things in life. We can even have different understandings of what morality means. Still, there are things on which we should all agree: Because ...Read more
It's time for the annual Congressional fight over the Renewable Fuel Standard, or RFS. In one corner sit corn farmers and their representatives, who fight tenaciously not just to preserve the RFS but to expand it. In the other sits, well, just about everyone else. Whether you are a refiner, a consumer, an environmentalist, a free market ...Read more
It's open season on wealth and those who create it. Candidates for the Democratic presidential nomination like Sen. Bernie Sanders, for instance, say that "Billionaires should not exist" and the wealth disparity in America is "a moral and economic outrage." California businessman Tom Steyer -- who happens to be a billionaire -- says that "...Read more
A trade deal with China could finally be here! It's a good one, too, according to President Donald Trump, who said last week, "So, we just made what, I guess, is one of the biggest deals that's been made in a long time, with China." He added, "If you look at the deal, the deal is so incredible. The deal is a great deal." Then we learned that ...Read more
The U.S. trade deficit in goods and services increased to $54.9 billion in August, up from $54.0 billion in July. That's because imports grew more than exports overall. While President Donald Trump will see this higher trade deficit as a bad thing, we should not. It can be a bit confusing, but Trump and pretty much every president before him ...Read more
There are many bad ideas flying around right now in Congress. The recent proposal by Sen. Tom Cotton, R-Ark., to give some taxpayers a rebate check funded with the tariff loot is one of those ideas. It's not only bad economics, but it comes across as hush money to keep tariff victims silent in advance of the next election.
The senator's Tariff ...Read more
Stan Veuger of the American Enterprise Institute recently complained on Twitter that those who cared about cronyism when Barack Obama was president are suddenly very quiet about President Donald Trump's bailout of farmers. There is some truth to his complaint.
But first, it's wrong to say that everyone has been silent. The National Taxpayers ...Read more
Does capitalism help or hurt women? I recently participated in a debate on the topic at the Cato Institute. While preparing for the event, I learned many fascinating facts that may interest feminists who claim the best way to help American women is for the U.S. government to do what other governments have done: spend a lot of money on so-...Read more
On the campaign trail, candidate Donald Trump said that, if elected, "We're going to win so much. You're going to get tired of winning. You're going to say, 'Please Mr. President, I have a headache. Please, don't win so much.'" Unfortunately, Trump's definition of winning seems to mean flexing his presidential muscles, beating his chest and ...Read more