Thursday morning on The Tennessee Star Report, host Michael Patrick Leahy welcomed all-star panelist Roger Simon in studio to comment on the Silicon Valley Bank crisis and how it could invoke nationwide digital currency.
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Virginia GOP Congressman Ben Cline says that in order for the country to get back on track in terms of finances, the federal bureaucracy needs to shrink and power must go back to the people.
“We’re going to keep working to make sure that we shrink the bureaucracy and the administrative state by balancing the budget,” Cline said on the Tuesday edition of the “Just the News, No Noise” TV show. “The RSC is going to put forward a balanced budget here in the next few weeks that counters the Biden administration’s budget.”
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Both liberal and conservative commentators, whether talking about the Great Recession, the financial collapse and bailouts of recent vintage, or now the FTX cryptocurrency Ponzi scheme, have neglected the cultural and moral reasons for these repeated episodes of economic mess and criminality. Unless those causes are addressed, all the finger pointing and proposed “solutions” will be about as helpful as putting a bandage on a tumor.
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In January, 2001, America had a balanced budget, low debt, and was at peace. Here, briefly, is what lay ahead: war, financial crisis, civil unrest, massive growth of the federal government, and now severe inflation.
Never in the history of America has our government in its ineptitude created such a false economy, risking hundreds of years of hard work on unsound and unworkable economic policies. The Founders wisely relied on dispersion of power. They knew there would be dishonest and incompetent politicians but, in this case, the entire government is infected with deceptive leaders.
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U.S. President Donald Trump signed into law Thursday a measure that eases rules imposed on banks in the aftermath of the financial crisis and the Great Recession that gripped the nation throughout President Obama’s first term, beginning in 2008. The law relaxes regulations and oversight on banks with assets below…
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