There is only one way to describe the fiscal mindset of those in the White House and in Congress who are proposing new federal budgetary expenditure and taxing increases in the trillions of dollars: a fantasy land of financial irrationality. The Biden Administration insists on additions to the already bloated American welfare state that will […]
https://pricklypear.news/wp-content/uploads/logo_2023.png00Richard Ebelinghttps://pricklypear.news/wp-content/uploads/logo_2023.pngRichard Ebeling2021-10-02 01:00:152021-10-01 08:27:02Biden’s Demagoguery That Government Spending is Costless
Surprise, surprise! It’s time to go through the debt limit-raising hassle again. Democrats are clamoring for immediate action to avert a financial crisis which would be blamed on Republicans, just because. Meanwhile, the Republican campaign conservatives aren’t showing much enthusiasm for this rare possibility of achieving significant fiscal reform. Treasury Secretary Janet Yellen rolled out […]
https://pricklypear.news/wp-content/uploads/logo_2023.png00Thomas C. Pattersonhttps://pricklypear.news/wp-content/uploads/logo_2023.pngThomas C. Patterson2021-10-01 12:08:322024-01-17 10:22:57Debt Limit Negotiations – Threat Or Opportunity For Fiscal Conservatives?
After weeks of speculation about the position of Senator Joe Manchin (D-WV), the Senator made the following statement about the proposed $3.5 trillion dollars worth of Biden’s new spending: “Every Member of Congress has a solemn duty to vote for what they believe is best for the country and the American people, not their party,” […]
Even the Fed is getting antsy about this raging mania house-price inflation. Housing Bubble 1 is starting to look cute in comparison. House prices spiked 19.7% from a year ago, the biggest year-over-year increase in the data going back to 1987, according to the National Case-Shiller Home Price Index today. But the national index of this raging […]
https://pricklypear.news/wp-content/uploads/logo_2023.png00Wolf Richterhttps://pricklypear.news/wp-content/uploads/logo_2023.pngWolf Richter2021-09-30 01:05:142021-09-30 08:23:42The Most Splendid Housing Bubbles in America: Holy Cow, September Update
Arizona’s technology sector will play a prominent role in American manufacturing’s latest plan to reclaim its title as the world’s leader in semiconductors from Asia. One of the lessons learned from the COVID-19 pandemic was the need for U.S. manufacturing companies to diversify their supply chains. Semiconductor production slowed to a crawl in 2020, causing […]
https://pricklypear.news/wp-content/uploads/logo_2023.png00Cole Lauterbachhttps://pricklypear.news/wp-content/uploads/logo_2023.pngCole Lauterbach2021-09-30 01:00:352021-09-29 11:22:49Arizona Could Be Ground Zero in U.S. Microchip Self-Reliance
President Joe Biden is taking fire for comments he made about his $3.5 trillion legislation just as the bill faces a deeply split Congress. Biden made headlines for claiming the bill would cost “zero dollars,” despite media reports and members of both parties commonly naming the bill’s cost at $3.5 trillion for the last several […]
The Biden administration is seeking to compel banks to report to the IRS any bank account with more than $600 in transactions per year. This proposal is a linchpin of Biden’s American Families Plan, and will supposedly help generate almost $500 billion in federal revenue over the next decade. But previous catch-all financial reporting requirements […]
One thousand lucky Phoenix families will get $1,000 in taxpayer funding a month in 2022. The Phoenix City Council has approved $12 million for a “Financial Assistance for Phoenix Families Program,” a lottery-based form of universal basic income that will begin in January 2022 if not sooner. The program, which has yet to be finalized, […]
https://pricklypear.news/wp-content/uploads/logo_2023.png00Cole Lauterbachhttps://pricklypear.news/wp-content/uploads/logo_2023.pngCole Lauterbach2021-09-28 01:00:552021-09-30 08:20:08Phoenix To Use Federal Funding for Universal Basic Income Pilot
The property sector and its debts are possibly the biggest financial mess in China’s history. The crackdowns by Chinese authorities on some of the biggest hype-and-hoopla industries have sent investors heading for the exits. There is a crackdown on debt to keep the financial system from imploding. There’s a crackdown on property speculation to tamp […]
https://pricklypear.news/wp-content/uploads/logo_2023.png00Wolf Richterhttps://pricklypear.news/wp-content/uploads/logo_2023.pngWolf Richter2021-09-28 01:00:182021-09-23 16:06:42China’s Crackdown on Debt, Tech & Evergrande Sends Frazzled Wall Street Titans to China
A review and overview of The Cult of Smart, by Fredrik deBoer, All Points Books, 276 pages. Fredrik deBoer is the author of The Cult of Smart, a book that unwittingly explains the sharp left turn of the Democrat Party and a growing number of young Americans. It also shows why the widening chasm between […]
https://pricklypear.news/wp-content/uploads/logo_2023.png00Craig J. Cantonihttps://pricklypear.news/wp-content/uploads/logo_2023.pngCraig J. Cantoni2021-09-27 10:22:422021-09-27 10:22:42Essential Marxist Reading for Liberals and Conservatives
Biden’s Demagoguery That Government Spending is Costless
/in /by Richard EbelingThere is only one way to describe the fiscal mindset of those in the White House and in Congress who are proposing new federal budgetary expenditure and taxing increases in the trillions of dollars: a fantasy land of financial irrationality. The Biden Administration insists on additions to the already bloated American welfare state that will […]
Debt Limit Negotiations – Threat Or Opportunity For Fiscal Conservatives?
/in /by Thomas C. PattersonSurprise, surprise! It’s time to go through the debt limit-raising hassle again. Democrats are clamoring for immediate action to avert a financial crisis which would be blamed on Republicans, just because. Meanwhile, the Republican campaign conservatives aren’t showing much enthusiasm for this rare possibility of achieving significant fiscal reform. Treasury Secretary Janet Yellen rolled out […]
Manchin Drops The Hammer
/in /by Neland NobelAfter weeks of speculation about the position of Senator Joe Manchin (D-WV), the Senator made the following statement about the proposed $3.5 trillion dollars worth of Biden’s new spending: “Every Member of Congress has a solemn duty to vote for what they believe is best for the country and the American people, not their party,” […]
The Most Splendid Housing Bubbles in America: Holy Cow, September Update
/in /by Wolf RichterEven the Fed is getting antsy about this raging mania house-price inflation. Housing Bubble 1 is starting to look cute in comparison. House prices spiked 19.7% from a year ago, the biggest year-over-year increase in the data going back to 1987, according to the National Case-Shiller Home Price Index today. But the national index of this raging […]
Arizona Could Be Ground Zero in U.S. Microchip Self-Reliance
/in /by Cole LauterbachArizona’s technology sector will play a prominent role in American manufacturing’s latest plan to reclaim its title as the world’s leader in semiconductors from Asia. One of the lessons learned from the COVID-19 pandemic was the need for U.S. manufacturing companies to diversify their supply chains. Semiconductor production slowed to a crawl in 2020, causing […]
Critics Pan Biden’s Claim $3.5 Trillion Spending Bill Costs ‘Zero’
/in /by Casey HarperPresident Joe Biden is taking fire for comments he made about his $3.5 trillion legislation just as the bill faces a deeply split Congress. Biden made headlines for claiming the bill would cost “zero dollars,” despite media reports and members of both parties commonly naming the bill’s cost at $3.5 trillion for the last several […]
Biden’s Wrecking Ball for Financial Privacy
/in /by James BovardThe Biden administration is seeking to compel banks to report to the IRS any bank account with more than $600 in transactions per year. This proposal is a linchpin of Biden’s American Families Plan, and will supposedly help generate almost $500 billion in federal revenue over the next decade. But previous catch-all financial reporting requirements […]
Phoenix To Use Federal Funding for Universal Basic Income Pilot
/in /by Cole LauterbachOne thousand lucky Phoenix families will get $1,000 in taxpayer funding a month in 2022. The Phoenix City Council has approved $12 million for a “Financial Assistance for Phoenix Families Program,” a lottery-based form of universal basic income that will begin in January 2022 if not sooner. The program, which has yet to be finalized, […]
China’s Crackdown on Debt, Tech & Evergrande Sends Frazzled Wall Street Titans to China
/in /by Wolf RichterThe property sector and its debts are possibly the biggest financial mess in China’s history. The crackdowns by Chinese authorities on some of the biggest hype-and-hoopla industries have sent investors heading for the exits. There is a crackdown on debt to keep the financial system from imploding. There’s a crackdown on property speculation to tamp […]
Essential Marxist Reading for Liberals and Conservatives
/in /by Craig J. CantoniA review and overview of The Cult of Smart, by Fredrik deBoer, All Points Books, 276 pages. Fredrik deBoer is the author of The Cult of Smart, a book that unwittingly explains the sharp left turn of the Democrat Party and a growing number of young Americans. It also shows why the widening chasm between […]