Downsizing Blog
Inflation Reduction Act
Inflation stems from too much money chasing too few goods.
The Menace of Fiscal Inflation
Today, inflation has reached a 40‐year high, in response to fiscal profligacy and accommodative monetary policy.
CBO Budget Outlook
The Congressional Budget Office has released new projections for the federal budget.
Time to End NASA’s Human Missions?
In a May 1788 letter, Thomas Jefferson observed, “The natural progress of things is for liberty to yield, and government to gain ground.”
Words in Biden’s Budget
The Biden administration on Monday released its budget for 2023.
Corporate Tax Revenues Soar
President Biden’s proposed budget for 2023 released Monday reveals strong growth in federal tax revenues.
Biden’s Budget Deficits
The Biden administration has released its federal budget for 2023.
Biden Bulldozes Billionaires with New Tax
As part of its 2023 federal budget released today, the Biden administration is proposing a new 20 percent minimum tax on households with a net worth more than $100 million.
Waste, Fraud, and Abuse
Waste, fraud, and abuse are inevitable in trillion-dollar programs.
Federal Debt and Unfunded Entitlement Promises
Biden’s budget‐busting Build Back Better plan has been beaten back, but federal finances are still badly broken.