On Government Spending: Where's All This Money Coming From?

Our federal government can allocate a trillion dollars to infrastructure renewal. None of us have to pay for it. What a concept!

Somewhere along the line in Washington, an old idea got lost: That when the government spends money, it has to raise revenue.

A national debt approaching $25 trillion — about $76,000 for every man, woman and child in the country — attests to how completely that idea has been...

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