The Biden administration and its allies in Congress and the mainstream media say the president’s economic policies – frequently called “Bidenomics” – are delivering unprecedented benefits to American families. The data, however, tell a very different story. President Biden’s economic policies can be summarized in three words: massive government spending. After promising to rein in federal expenditures, Biden has shackled Americans with trillions of dollars in new spending. Even worse, Biden has offered […]
Budget and Taxes
5 posts
Under the leadership of President Joe Biden, the White House and the Federal Reserve have started to lay the groundwork for a programmable, trackable, easily manipulated digital currency. It might sound like something from a dystopian science-fiction novel, but it’s all too real, and it could soon change life in America forever. In March 2022, the Biden administration released a sweeping executive order that directed numerous federal agencies to crack down on digital […]
President Joe Biden has a well-documented history of exaggerating his accomplishments while downplaying his failures. But in recent months, the president has taken this dishonest strategy to a whole new level, routinely misleading the American people to score political points, especially on topics related to economic growth. The following are four of Biden’s biggest lies about the economy, as well as the data you need to prove to friends and family that the […]
A new poll by The Heartland Institute and Rasmussen Reports of 1,000 likely voters, conducted December 6-7, 2020, finds that a vast majority of likely voters prefer a free-market economic system as opposed to a socialist economic system. The poll comes after a November election in which socialist candidates made important inroads, including in state legislatures and the U.S. Congress. Despite this, the new poll conducted by Heartland/Rasmussen shows that […]
The United States is facing an unprecedented debt crisis. Prior to the outbreak of COVID-19, the federal government’s national debt totaled $23 trillion, and it was on schedule for amassing a $1 trillion deficit in 2020 alone. In the wake of the pandemic, things have become much, much worse. Trillions of dollars have already been spent on dealing with the economic and health impacts caused by the coronavirus, and trillions […]