A Reason For Economic Uncertainty

Combining the continuing resolution and 11 of 12 omnibus spending spending bills, a fiscal policy compromise could avoid government shutdown.

What Legislators Spend on Themselves

A small part of fiscal policy, Senate and House spending on themselves nonetheless is enlightening because of its message.

The Expensive Side of (Venezuela’s) Cheap Gas

Subsidies and taxes determine the price of gasoline. Whether gasoline is cheap or expensive, its price affects people’s incentives and national tradeoffs.

A Speedy Summary of Spending in the US Federal Budget

Right now, the Congress is supposedly debating the 2015 federal budget. Because the new fiscal year begins October 1, their deadline is September 30. But not really. 1996 was the last time the House and Senate punctually approved all necessary…

The One Big Reason We Can’t Really Cut the Federal Deficit

It is tough to be a deficit hawk.   Rather than our typical spike in wartime spending, we have a peacetime deficit. (Please note that the federal deficit is just how much spending exceeds revenue during one year.):   Spending for……