budget

by Rep. Andy Biggs   In the current atmosphere of acrimony surrounding the failure of Congress to produce a balanced budget, or even an unbalanced budget, it is important to review the facts. The facts are important because the…

It’s common knowledge among budget experts that the budget process is “broken.” Anyone who regularly reads this column knows about debt limits, government shutdowns, out-of-control spending and borrowing … the list goes on.…

SACRAMENTO — One would never know from the new $310 billion state budget that California had been experiencing an enormous $32 billion deficit. Gov. Gavin Newsom and Democratic legislators touted all the spending in the new…

Chris Edwards The Federal Bureau of Investigation (FBI) is in the news with the release of the Durham report and this week’s testimony in the House about the agency’s politicized leadership. In response to the FBI’s recent failures,…

One of the common mistakes people make is thinking that economics is the same thing as finance. Many economics professors will attest that this leads to us getting several questions about financial planning. The key difference is that…

Romina Boccia It’s officially Tax Day. Time to take stock. The federal government spent $6.3 trillion in 2022. Tax dollars paid for $4.9 trillion or 78 percent. The rest (22 percent) was borrowed. Borrowing is deferred taxation, so…

The House will vote on a bill to raise the debt ceiling through 2023 and reduce federal spending, according to House Speaker Kevin McCarthy in a speech at the New York Stock Exchange on Monday.…

Chris Edwards The Inflation Reduction Act of 2022 ballooned the Internal Revenue Service (IRS) budget, with the bulk of new spending aimed at tougher enforcement. The law boosted IRS spending by $79 billion over coming years, which…

I’ve got a video to show you that you probably haven’t seen. It’s 14 minutes long, and it’s from the testimony last week by Treasury Secretary Janet Yellen at the Senate’s hearing on the Biden budget. And specifically, Sen.…

by J.D. Davidson   The Ohio Senate and House, along with Republicans and Democrats, agreed on rail safety issues in the state’s proposed transportation budget. But there were other differences. The nearly $13.5 billion budget that…