Why does Sleepy Joe think we need another $850 billion in transfer payments?

January 21, 2021 | Economic Policy Journal

In light of Sleepy Joe’s swell new $1.9 trillion package of more free stuff, it’s time to get out our magnifying glasses again.

The government control virus, unlike the coronavirus, is nearly impossible to fully recover from

January 21, 2021 | Financial Post (Canada)

One of the most alarming things about the pandemic is how sheepish almost all of us have been in surrendering our freedoms to government. 

Biden expected to raise corporate tax rate, add tax on book income

January 21, 2021 | CFO Dive

The Biden Administration will likely revisit the Tax Cuts & Jobs Act, the outgoing administration's signature legislative achievement enacted in 2017, to free up money for infrastructure and other priorities, analysts say.

Durbin tells Illinois not to bank on federal funds for state budget

January 21, 2021 | The Vedette (Illinois)

The massive federal spending bill Congress passed this week has lots of spending for Illinois, just not to cover the state’s budget deficit.
U.S. Sen. Dick Durbin, D-Springfield, said the $900 billion stimulus bill that passed Congress late Monday has a lot of spending, just not for state and local government budget deficits. But there are a lot of funds for government services like public schools and more.

Illinois lawmakers hand Pritzker another tax loss, pass Chicago pension hike

January 21, 2021 | Illinois Policy Institute

As the 101st Illinois General Assembly’s lame-duck session came to a close, lawmakers rushed to send 23 bills to Gov. J.B. Pritzker’s desk – but not the one he wanted.

Municipal response to fiscal and governance reforms: Effects of stricter debt limits across jurisdictions

January 21, 2021 | Taylor & Francis

The effectiveness of fiscal rules in limiting governmental indebtedness and expenditures has mixed results.

U.S. inflation-protected bond yields hold near record lows

January 21, 2021 | The Wall Street Journal

Investors are hanging on to bonds that protect against inflation even as they sell other U.S. government debt, a sign many trust the Federal Reserve to hold interest rates steady even if the economy picks up steam.

Biden’s inflation danger

January 21, 2021 | Axios

President-elect Joe Biden's $1.9 trillion stimulus proposal has economists and bullish market analysts revising their U.S. growth expectations higher, predicting a reflation of the economy in 2021 and possibly more booming returns for risk assets.

Yellen’s call to ‘act big’ reflects long re-think on big government debt

January 21, 2021 | Yahoo Finance

At U.S. Treasury Secretary-designate Janet Yellen's confirmation hearing Tuesday she nodded to the need for the federal debt to be put on a "sustainable" path, at least eventually.

Compare the national debt to the GDP

January 21, 2021 | The Herald Bulletin (Indiana)

In reading the Ken de la Bastide article relating to the "National debt out of control" dated 12-26-2020, I want to point out that the ratio of national debt to population is not a proper barometer of the significance of the national debt.

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