Opinion

NC congressional delegation should demand balanced-budget amendment

As the United States grapples with a staggering national debt surpassing $34 trillion, which grows by further trillions every year, it’s imperative to address the root cause of this fiscal irresponsibility. Over the past century, we’ve witnessed a concerning trajectory, with the federal debt ballooning from $403 billion in 1923 to a staggering $33.17 trillion...

Algenon Cash
Opinion

Budget reform requires belt and suspenders

Key members of North Carolina’s congressional delegation have it right: unless we do something meaningful about the federal government’s chronic budget deficits, America’s future is in peril. “Reckless spending has led our country into a dire economic situation threatened by inflation and mountains of debt,” says Rep. Richard Hudson, R-NC9, chairman of the National Republican Congressional...

John Hood
Opinion

Federal operating budget should balance

If the federal government had to operate under the same fiscal rule North Carolina has to follow — and it should — then its operating revenues would have to equal its operating expenses. Notice that I didn’t say Washington couldn’t issue any debt under this scenario. Balanced-budget requirements don’t work that way. State and local...

John Hood
Opinion

Biden flip-flops on fighting inflation

Remember when President Joe Biden and the Democratic Congress took resolute action to combat rising prices? I apologize for asking so much of you. It can be mentally taxing to recall the details of events long past. And according to my calendar, the event I’m asking you to recall occurred way back on August 16...

John Hood
Opinion

Only legislatures can rein in Congress

To paraphrase the old saying, you may not be interested in the federal debt, but the federal debt is interested in you. There’s abundant evidence for this proposition across the economy right now as prices continue to soar for food, fuel, housing, and other necessities. Inflation consists of too much money chasing too few goods...

John Hood

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