Debt

News

Biden Green-Lights $1.2 Trillion Spending Bill

President Biden’s recent signing of the $1.2 trillion federal spending package has served as a reminder of the Federal Government’s addiction to spending money. Specifically, taxpayer money.  Despite the staggering trillions in federal debt, Biden’s endorsement of the bill fails…

Uncategorized

Biden’s Budget is a Disaster for America 

The negative impact of Bideonomics on everyday Americans has been profound. With the federal government’s lavish spending and ever-rising debt, the cost of living has soared, putting a strain on households across the nation. Despite the evident consequences, the Biden…

News

Inflation Surges, Clouding Economic Outlook 

Inflation shot higher than expected in January. The latest Consumer Price Index (CPI) report has thrown a wrench into the expected timeline for Federal Reserve rate cuts, as inflation figures for January came in higher than anticipated.  The report revealed…

News

The Surge in Texas Local Debt and Property Tax Implications

Texas’ Local Debt Crisis: Unpacking the $461.3 Billion Burden In a startling revelation, the Texas Public Policy Foundation reported a significant surge in Texas’ local debt, now towering at an unprecedented $461.3 billion as of the fiscal year 2023. This…

Commentary

Counting our Blessings this Thanksgiving

It is that time of year again; the Holiday season is  upon us.  As we observe Thanksgiving this week, Americans across the country will travel and come together, with family and friends, to celebrate.  As we gather around the Thanksgiving…

Commentary

The Ginn Economic Brief: U.S. Economic Situation—November 2023

Highlights Figure 1: Real Average Weekly Earnings Declined Year-Over-Year for 26 Months Before Being Up in Four but Fell Again Last Month and Remain Down 5% Since January 2021 Overview Labor Market The Bureau of Labor Statistics recently released its…

Commentary

Texas Bond Propositions: The Rising Tide of Property Tax Burdens and Voter Paradox

One of the perhaps most underreported outcomes of last week’s election is the overwhelming success of local bond propositions, especially those that will further increase the already rapidly growing property tax burden on Texas taxpayers. Collectively, Texas voters considered nearly…

Commentary

The Ginn Economic Brief: U.S. Economic Situation—October 2023

Highlights Figure 1: Year-Over-Year Real Average Weekly Earnings Declined for 26 Months Before Increasing in the Last Three but Fell Again and Remain Down Nearly 5% Since January 2021 Overview Labor Market The Bureau of Labor Statistics recently released its…

NewsFederal

Stop the Spending Spree: US Freedom Caucus Opposes Status Quo as Possible Shutdown Looms

With the Federal Government’s fiscal year rapidly coming to an end on September 30th, Congress must pass a “continuing resolution,” on spending, or once again face a partial government shutdown. This continuing resolution is essentially a temporary spending bill, using…

Commentary

Another Year, Another Debt Milestone

$33 trillion. Written another way, $33,000,000,000,000. The U.S. National Debt is estimated to surpass $33 trillion in a matter of days. Sadly, milestones like these seem to have become all too regular. Just one year ago I wrote a similar…

Commentary

The Ginn Economic Brief: U.S. Economic Situation—September 2023

Highlights Figure 1: Year-Over-Year Real Average Weekly Earnings Declined for 26 Months Before Increasing in the Last Three but Remains Down Nearly 5% Since January 2021 Overview Labor Market The Bureau of Labor Statistics recently released its U.S. jobs report…

Research

Texas Local Governments Must Limit Spending And Eliminate Property Taxes

Overview Debt A recent report by the Texas Bond Review Board notes that Texas’ total outstanding local government debt is $280 billion, resulting in debt per capita of $8,869. This puts Texas’ local debt per capita in third place of…

NewsFederal

Continued Uncertainty on the Economic Horizon

It has now been more than three years since governments across the country forced us into an artificial recession in response to COVID-19, interrupting some of the greatest economic growth and prosperity under President Trump that America had seen in…

News88th TXLege

Texas’ Largest Cities Continue to Burden Taxpayers With Debt

The fiscal watchdog organization Truth in Accounting (TIA) recently published its latest Financial State of the Cities Report for 2023. The report analyzed the financial health of the top 75 cities in America. “The report found that 50 cities did…

Commentary

The Biggest Loser in the Wake of 2022 Midterms in Texas: Fiscal Sanity

Much to the chagrin of fiscal conservatives, perhaps the most significant thing to come out of the 2022 midterm elections was the overwhelming success of many bond propositions and tax rate increases on the ballot. In a country where we…