whatyareckon

By Tim Graham ~

Democrats and Republicans reached an agreement to lift the debt ceiling, and nothing is going to change in the disturbing pattern of America’s national debt climbing by leaps and bounds. The best reason for pessimism? Our Democrat-messaging media. They can’t be bothered to offer the most basic facts in budget coverage.

What is the budget for the current fiscal year? What was the last budget deficit? How large is the national debt? These are questions that are rarely answered by news anchors. What we get is a lot of horse-race jockeying and finger-pointing instead of facts. They must think the viewers are too stupid to juggle numbers.

Rich Noyes of the Media Research Center studied all 74 evening-news stories on the spending debate from January 1 through May 27, when agreement was struck. It’s not pretty.

The Congressional Budget Office reports discretionary federal spending amounted to…

Looking for insight into the wind and solar ‘transition’? Then start with California – where power prices are crushing the poorest households, and blackouts and routine power rationing are now an accepted part of their attempt to run on heavily subsidised and chaotically intermittent wind and solar.

Power prices, already the highest in the USA, continue to rise at a staggering rate. And, as John Hinderaker points out below, in that respect, California is well and truly set on its path to oblivion, with householders in for much, much worse.

Using Electricity to Redistribute Money
Powerline
John Hinderaker
21 April 2023

One of the many problems with “green” energy is that it is ridiculously expensive. Millions of Americans, if they have to pay the cost of wind or solar energy to power their homes, will not be able to afford it, and will have to sell out. Liberals know this…

By Richard Stern ~

President Joe Biden and Speaker Kevin McCarthy, R-Calif., announced a debt limit deal Saturday, with a vote expected Wednesday in the House of Representatives.

President Joe Biden shakes hands with House Speaker Kevin McCarthy, R-Calif., before his State of the Union address in February at the U.S. Capitol in Washington, D.C. (Photo: Jacquelyn Martin-Pool/Getty Images)

Heritage Foundation experts scrutinized the text of the 99-page bill, including provisions related to spending, pro-growth policies, student loan cancellation, and work requirements for welfare. The following is their latest analysis of the Fiscal Responsibility Act.

Spending

Early in the year, The Heritage Foundation called for total base discretionary spending to return to fiscal 2022 levels—a cut from current levels of around $130 billion. Whereas the House Republicans’ Limit, Save, Grow Act hit that mark, the Fiscal Responsibility Act would only cut discretionary spending by $12 billion in fiscal…

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