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ECONOMICS

4 Scary Charts Show How Fast the Federal Government is Heading Toward Fiscal Disaster

Estimated Reading Time: 3 minutes

Every day Americans will ultimately pay the price for the federal government’s recklessness. The national debt is rapidly closing in on $29 trillion. The federal government now owes an astounding $228,999 per taxpayer. All the while, politicians in Washington, DC are bickering over whether to spend $4.5 trillion more or “just” $1.5 trillion. Yet almost entirely […]

How the Fed’s Easy Money Spurred Today’s Financial Frenzies

Estimated Reading Time: 3 minutes

Though the effective federal funds rate remains less than 0.1 percent, the reaction of the markets and financial press as the ten-year Treasury yield crossed the 1.5 percent threshold near the start of the month reminds us just how fragile our economy’s underlying monetary framework has become over the past two decades. Regularly at a minimum of at least 4 […]

Social Security COLA for 2022 Biggest since 1982, But Still Won’t Cover Actual Cost of Living Increases for Many Retirees

Estimated Reading Time: 2 minutes

For retirees, 2021 was a nasty year: Red hot inflation and a stingy COLA. In 2022, they might fall behind more slowly.   Among the red-hot inflation data released today was the Consumer Price Index for All Urban Wage Earners and Clerical Workers (CPI-W), which is used to calculate the Cost of Living Adjustment (COLA) for Social […]

Groceries Feed Gains in the Everyday Price Index in September

Estimated Reading Time: 3 minutes

The AIER Everyday Price Index increased by 0.6 percent in September, the tenth consecutive month of gain.  Over the last 10 months, the monthly increases have been between 0.4 percent and 1.2 percent, putting the 10-month gain at 7.5 percent or an annualized pace of 9.1 percent. Including the two months prior to the run […]

Judge Rules Against Arizona In Minimum Wage Lawsuit

Estimated Reading Time: 2 minutes

A county judge says Arizona cannot extract the additional cost of doing state business in a city that increased its minimum wage, making it more expensive to operate there. Maricopa County Superior Court Judge James Smith sided with the city of Flagstaff about whether a provision in the 2019 Arizona budget allowed the state to […]

Taiwan’s Wealth Shows Cuba’s Poverty Is the Result of Socialism, Not a Blockade

Estimated Reading Time: 5 minutes

Cuba and Taiwan began the ’70s with similar economies, but today the GDP of the Caribbean island is five times less than that of Taiwan.   For decades the Communist Party of Cuba has blamed the United States for Cuba’s misery and poverty, alluding to the “blockade” that the U.S. maintains against Cuba. However, the […]

Tucson Keeps Missing the Bigger Picture

Estimated Reading Time: 4 minutes

That’s especially so on immigration, Amazon, and the minimum wage. The Tucson establishment often misses the bigger picture in the pursuit of transitory feel-good measures. Take the subjects of immigration, Amazon, and the minimum wage—subjects that I don’t have ideological or partisan heartburn over but do care that Tucson is consigning itself to permanent also-ran […]

Navajos Oppose Drilling Ban in Biden’s massive “Human Resources” Bill

Estimated Reading Time: 2 minutes

A provision tucked into the $3.5 trillion spending and tax bill would ban new drilling for oil and natural gas on and near Navajo land in northwestern New Mexico. Convinced that the ban would cause severe economic harm to tribal members in the affected area, the 24th Navajo Council sent a Sept. 27 letter, obtained […]

GOP Governors: Biden Ignores Meeting Request On border crisis, propose own solutions

Estimated Reading Time: 3 minutes

Twenty-six U.S. governors requested to meet with President Joe Biden to propose solutions to the ongoing border crisis, Texas Gov. Greg Abbott said at a Wednesday new conference. Because Biden did not respond to the request, the governors said they decided to take their message to the American people, proposing their own solutions to the […]

Controversial BLM Pick Tracy Stone-Manning Confirmed To Lead Agency

Estimated Reading Time: 2 minutes

That elections have consequences is certainly more than a slogan. It could not be more true when it comes to this pick for this agency.  Democrats have confirmed a bona fide Eco-Terrorist to run the Bureau of Land Management that supervises much of our public lands and those that use them.  This will have grave […]