Tag: financial crisis

Virginia Rep. Calls to Shrink Federal Bureaucracy and Administrative State in Midst of Financial Crisis

Just the News

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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Commentary: FTX and the Root of Our Financial Crisis

Virginia Star Staff

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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Commentary: The Treacherous Road to Runaway Inflation

Admin

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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