The Devil is in the Deficit: καὶ ὁ ἀριθμὸς αὐτοῦ ἑξακόσιοι ἑξήκοντα ἕξ

From The Wall Street Journal: U.S. Ran $666 Billion Deficit In Fiscal 2017, Sixth Highest on Record U.S. revenue and spending both hit record highs in fiscal 2017, according to department By Kate Davidson | Updated October 20, 2017 | 2:54 p.m. ET WASHINGTON—The federal budget deficit widened in fiscal year 2017 to the sixth …

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It’s time to help our own people!

From The Washington Post: Mexico needs help now. Can President Trump overcome his grudges and provide it? After a devastating earthquake, it’s time for solidarity. By León Krauze1 | September 20, 2017 | 11:58 AM Early in the morning of Sept. 19, 1985, a ferocious earthquake shook Mexico City. For almost two minutes, the wobbly …

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Lying to ourselves: the debt limit

From CNNMoney: Mnuchin cites September as possible debt ceiling crunch by Jeanne Sahadi | June 12, 2017: 7:53 PM ET For the first time, Treasury Secretary Steven Mnuchin on Monday offered a specific month for when the government might come dangerously close to breaching its legal debt limit. “I am comfortable saying we can fund …

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Jefferson Beauregard Sessions III wastes the taxpayers’ dollars

The New York Times tweeted: A Mississippi man was sentenced to 49 years in prison for killing his transgender former girlfriend https://t.co/94prZNXcqc — The New York Times (@nytimes) May 16, 2017 And the story: U.S. Hate Crime Law Punishes Transgender Woman’s Killer, in a First By Liam Stack | May 16, 2017 A Mississippi man …

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Will real growth improve under the Trump Administration? Not if the Fed and the left can prevent it!

The tweet caught my eye: Even if the economy grows at a modest 3% over the next few years, Trump will likely be able to take a victory lap. https://t.co/DWoHMJPa1S — CNNMoney (@CNNMoney) March 22, 2017 Modest? By long-term historical standards, certainly, but the professional economists, including the Federal Reserve, seem to think that roughly …

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A good start: the President’s FY2018 budget blueprint

From CNN: Trump releases $1.1 trillion ‘hard power budget’ with cuts to State Dept, EPA By Dan Merica | Updated 7:29 AM ET, Thursday, March 16, 2017 (CNN)President Donald Trump released a $1.1 trillion budget outline Thursday that proposes a $54 billion increase in defense spending corresponding cuts to non-defense spending at the State Department, …

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Good news! President Trump wants to cut non-Defense spending! Unfortunately, unhatched chickens are being counted

From The New York Times: Trump to Ask for Sharp Increases in Military Spending, Officials Say By Glenn Thrush and Kate Kelly | February 26, 2017 WASHINGTON — President Trump will instruct federal agencies on Monday to assemble a budget for the coming fiscal year that would include sharp increases in Defense Department spending; major …

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President Trump’s tax policies

From The Wall Street Journal: Treasury Secretary Steven Mnuchin Sees Tax Overhaul by August Economic growth at 3% or higher is also among Trump administration’s ambitious goals, he says By Rebecca Ballhaus and Nick Timiraos | Updated Feb. 22, 2017 9:37 p.m. ET Treasury Secretary Steven Mnuchin laid out ambitious goals to secure a U.S. …

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Fed sees little need for future “stimulus” spending For once, I agree with Janet Yellen!

From The Wall Street Journal: Fed Officials See Less Need for Tax and Spending to Boost Short-Term Growth Shift in thinking comes as economy improves, jobless rate declines By Shayndi Raice | January 16, 2017 8:00 a.m. ET Federal Reserve officials increasingly say they don’t see a need for stimulative government tax and spending programs …

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Yes, deficits matter. They mattered under Bush, they matter under Obama, and they will matter under Trump

From CNNMoney: IMF: Trump stimulus set to boost U.S. growth by Jethro Mullen | January 16, 2017: 9:08 AM ET U.S. economic growth should get a lift from stimulus measures under Donald Trump’s presidency, but it won’t hit the speed he promised anytime soon. That’s according to the International Monetary Fund, which has pushed up …

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