Political News and Conservative Analysis About Congress, the President, and the Federal Government
growth. Both political parties are addicted to spending. We need to tax consumption, not investment. We need to do so because the federalis bad. It shows deficits are set to rise faster than nominal GDP growth, real growth plus inflation, over the next decade and longer. The central problem here is that demographics drive the deficit. And while the public loves entitlements, it refuses to pay the bill for Social Security and Medicare.
The crown jewel of the American economy is Big Tech. America’s largest technology companies dominate data collection, accelerated computing, digital commerce, and artificial intelligence. Policy must support these companies. Throw the Federal Trade Commission’s ideas about Brandeisian economics in the trash. Confront the European Union on its discrimination of the U.S. technology giants. As technology becomes a larger part of the economy, annual productivity growth will increase proportionally.
The U.S. is also a low-cost producer of energy. We need to implement policies that encourage the production of all forms of energy: oil, gas, solar, wind, and nuclear. Industry needs low-cost energy. The U.S. manufacturing sector can compete globally when its energy inputs are lower. AI is jump-starting productivity growth. But AI consumes prodigious amounts of energy.
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