Economy News
The Daily Signal reports on economy news with analysis and commentary on growth, recession risks, employment, and financial trends.
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opinion
Planned Parenthood Checklist: More Abortions, Less Actual Health Care, More Tax Dollars Than Ever
Planned Parenthood’s 2022-2023 annual report is out. Unlike last year’s annual report, now we’re finally able to see how the 2022 Dobbs decision overturning Roe v. Wade is affecting Planned Parenthood’s abortion numbers and bottom line. Spoiler alert: Abortions and government funding are at all-time highs. Actual health care for things such as cancer screening… -
opinion
Nike Stocks Still Tanking a Year After Mulvaney Partnership
A lot has happened since Dylan Mulvaney pranced around his yard in a Nike sports bra last April. Days after his face appeared on Bud Light cans—the controversy that launched a thousand boycotts—the sight of him doing jumping jacks in women’s workout gear was almost worst. And a stock chart that looks like a downhill ski slope proves it…. -
opinion
Biden’s ‘Plan C’ Scheme for Canceling Student Loan Debt Also Gets an ‘F’
If you’re confused about President Joe Biden’s various student loan debt-cancellation schemes, who can blame you? And on Tuesday, the Biden administration unveiled its third attempt to make you pay for someone else’s life choices. First, some background. In August 2022, the Biden administration announced its initial plan for canceling student loan debt. Borrowers earning… -
opinion
DHS Chief Mayorkas’ Budget Request Is an Unserious Response to Threats to Homeland
The Biden administration released its proposed budget for the Department of Homeland Security for fiscal year 2025 last month. Coming in at nearly $108 billion, the budget funds numerous aspects of the department’s efforts to secure the homeland. However, when it comes to resolving the unprecedented border crisis DHS Secretary Alejandro Mayorkas and the Biden… -
opinion
Taxpayers Shouldn’t Have to Fund State Department’s DEI Pseudoscience
The federal government increasingly looks like an Ivy League classroom, combining therapy for fragile souls with indoctrination into specious ideology. Nowhere is this more apparent than at the State Department, where employees are encouraged to take courses in the name of diversity, equity, inclusion, and accessibility, or DEIA, that stress their differences, trauma, and status on the… -
news
How Taxpayers Will Heavily Subsidize Democrat Boots on the Ground This Election
Progressives are using legal loopholes and the power of the federal government to maximize Democrat votes in the 2024 election at taxpayers’ expense, RealClearInvestigations has found. The methods include voter registration and mobilization campaigns by ostensibly nonpartisan charities that target Democrats using demographic data as proxies, and the Biden administration’s unprecedented demand that every federal agency “consider… -
opinion
Yikes! Perilous Economy for First-Time Homebuyers
Buying a home is a cornerstone of the American dream, a dream that is further out of reach today for many Americans. According to the Department of Housing and Urban Development, the median sales price of a new, single-family home was $416,300 in May 2023. In 1985, it was $84,300. Yes, income has increased, but… -
opinion
What the Conservative Defense Budget Would Prioritize
President Joe Biden released his official fiscal 2025 defense budget request in March, and in the document, his administration’s misguided priorities are on full display. While paying lip service to the concept of China as the primary challenge for the United States, the official request fails to align spending with strategy. Most egregiously, the request… -
news
EXCLUSIVE: Left-Wing Group Pushed a Policy That Could Shape 2024 Election Outcome—Using Your Tax Dollars
FIRST ON THE DAILY SIGNAL—Documents reveal an organization backed by Obama White House alumni such as Valerie Jarrett and bankrolled by liberal dark money donors advocated using tax dollars to pay college students to get out the vote in the 2024 election, doing so before the Biden administration announced the same policy. The Daily Signal… -
news
Taxpayer Protection: Idaho Law Blocks Funding for ‘Gender-Transition’ Procedures
An Idaho law enacted Wednesday (H. 668) protects taxpayers from paying for “gender transition” procedures in a variety of ways. The legislation “adds to existing law,” namely the Vulnerable Child Protection (VCAP) Act passed in 2023, which prevented physicians from harming minors with gender-transition surgeries or hormones. The Legislature declared in H. 668 that “public funds shall not be… -
opinion
Distracted By Climate Change? Former Trump Transportation Official Weighs in on Bridge Collapse
What will be the long-term impact of the collapse of the Francis Scott Key Bridge in Baltimore, Maryland, Tuesday? What industries will be affected and how? And who in the U.S. supervises ship safety—and are they prioritizing safety ahead of issues like climate change? Steve Bradbury, who formerly served as acting deputy secretary of the… -
news
After Feds Showered Blue State With Tax Dollars to Fix Homelessness, Here’s the Result
A plethora of federal agencies have spent well over $200 million attempting to alleviate homelessness in Washington state over the past 17 years, only for the number of people living on the streets to keep rising. Federal agencies like the Department of Housing and Urban Development, the Department of Veterans Affairs, and the Department of… -
news
‘The DC Cartel Is At It Again’: GOP Lawmakers Rip $1.2 Trillion Spending Package
House Republican lawmakers are speaking out against a $1.2 trillion spending package released early Thursday morning ahead of a potential partial shutdown of the government. The 1,000-plus-page package of bills includes funding for the State, Education, Defense, Labor, Homeland Security, and Health and Human Services departments in fiscal year 2024 as well as for “general… -
opinion
How Biden’s Big-Deficit Agenda Guarantees Inflation
Inflation has been a top concern for Americans for years. This is understandable: Inflation-adjusted earnings have declined by thousands of dollars in recent years, putting a heavy strain on family budgets. Ignoring this burden on Americans, the Biden administration has gone out of its way to make inflation worse again and again, all for the… -
opinion
2 Charts: Comparing Biden’s Federal Budget to Your Household Budget
President Joe Biden’s latest budget proposes the federal government spend trillions more than it will take in, increasing the already unsustainable federal debt by $17 trillion over the next 10 years. But these 13- and 14-figure dollar amounts have little meaning for ordinary Americans whose income, spending, and debt are typically in the five- and… -
opinion
Back in the USSR?: Biden’s Budget for Gargantuan Government
In 1991, the Soviet Union collapsed. It marked the end of an experiment that lasted almost a century, testing the premise that godless secularization—turning control of people’s lives over to other people to rule them, who decide what others need and how they should live and conduct their lives—is the answer for mankind. In the… -
opinion
Recipe for Economic Train Wreck: Biden’s FY ’25 Budget’s 10 Massive Tax Increases
President Joe Biden released his proposed budget for fiscal year 2025 on Monday. There’s something in his budget for everyone—everyone who loves tax hikes, that is. Biden would raise taxes by $5 trillion over 10 years, and—based on his budget—would allow an additional $2 trillion of middle-class tax cuts to expire after 2025. Between 2023… -
opinion
Families Health Services Act Is a Taxpayer-Funded Attack on Families and Life
A sweeping Senate bill would radically expand in vitro fertilization and other reproductive technologies for military service members without regard to their sexual orientation, gender identity, or marital status, promoting the creation of children outside of marriage, including between two men and their hired surrogates. Democrats pushed for a unanimous consent agreement Tuesday, meaning, if… -
news
Treasury Department Sent ‘Hate Group’ List of Conservative Organizations to Banks
It came to light last week that the Treasury Department provided a listing of “hate groups,” which lumped together mainstream conservative organizations alongside avowed neo-Nazi and white supremacist groups, to major U.S. banks for the purpose of monitoring financial transactions in the wake of the Jan. 6, 2021 riot at the Capitol. Experts say the pattern could… -
opinion
Government Gets Fatter as Americans Rack Up Record Credit Card Debt
While the White House lectures on the strength of the economy, Americans are drowning in credit card debt, which hit a record-high $1.13 trillion by the end of last year. Of course, Americans are sour on the economy: They’re having to put necessities on credit cards that charge $240 billion in interest annually. How we got here…