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Trillion-Dollar Deficits Explain Why Inflation Keeps Hitting American Families

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Economists sounded surprised recently when inflation remained above expectations for the third straight month, likely keeping interest rates elevated for the foreseeable future. If they looked in Washington’s direction, they shouldn’t be.

Two reports from the Congressional Budget Office (CBO) explain the dilemma our economy faces. In the short term, significant and persistent deficits caused by Washington’s spending keep fueling the inflationary fire. In the longer term, the debt accumulated by all those deficits will make our economy stagnant for future generations.

Trillion-Dollar Deficit

The first CBO report examined the federal government’s financial accounts halfway into the fiscal year. Six months into the budget cycle that ends this Sept. 30, Washington has already racked up a deficit of over $1 trillion.

Granted, the federal government will likely run a surplus in April, given that many individuals either pay their remaining 2023 income taxes, and/or make quarterly estimated payments for their 2024 income taxes, on April 15. But CBO also notes that, after adjusting for various timing shifts, the deficit for the first half of the fiscal year exceeds last year’s fiscal shortfall.

And even though Democrats would have you believe that tax cuts cause all fiscal ills, the growth in the deficit happened even as revenues grew by 7 percent. One chart from the CBO report shows both the growth of revenues compared to last year and the imbalance between revenues and outlays during the first six months of the fiscal year:

The biggest reason spending grew faster than

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5 Takeaways From Peter Daszak’s Testimony On U.S.-Funded Coronavirus Research

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EcoHealth Alliance President Peter Daszak testified before the House Select Subcommittee on the Coronavirus Pandemic on Wednesday about his organization’s role in conducting gain-of-function research at the Wuhan Institute of Virology (WIV) in the years leading up to the 2020 Covid outbreak.

Daszak’s testimony came hours after the GOP members of the subcommittee released a damning report highlighting alleged wrongdoing by EcoHealth throughout its coronavirus research, several details of which conflict with Daszak’s statements from a closed-door interview with House members in November. The report recommended the NIH and Department of Health and Human Services “immediately commence suspension and debarment proceedings against both EcoHealth and Dr. Daszak” and the Justice Department to “evaluate if Dr. Daszak violated any federal laws.”

“These revelations undermine your credibility as well as every factual assertion you made during your transcribed interview,” the committee chairs wrote ahead of Wednesday’s hearing. “The Committees have a right and an obligation to protect the integrity of their investigations, including the accuracy of testimony during a transcribed interview.”

As Helen Raleigh previously reported at The Federalist, EcoHealth Alliance is a nongovernmental organization that from 2014-2020, sent “more than half a million dollars’ worth of U.S. government grants, including those from the National Institutes of Health (NIH) with Anthony Fauci’s approval, to the Wuhan Institute of Virology to conduct gain-of-function research on bat coronaviruses.” While the Trump administration axed government funds for EcoHealth Alliance in 2020, the group has received federal grants since Joe Biden was sworn into office. A White

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Do Women’s Rights Matter? Democrats Can’t Decide

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There is nothing that should infuriate women more right now than President Joe Biden’s decision, in coordination with Secretary of Education Miguel Cardona, to revise Title IX rules to “extend legal protections to LGBTQ students.” Yet many women don’t seem to be chafed at all. The news seems to have gotten lost in the cacophony of defense bills, spoiled college students, and, of course, Donald Trump.

The new regulations, as announced by the Department of Education the other week without any congressional approval, extend the law’s reach to prohibit discrimination and harassment based on sexual orientation and gender identity, rather than sex alone. This means it allows men who believe themselves to be women, despite having all their male sexual organs intact, to enter women-only spaces like locker rooms in educational institutions from elementary through collegiate level. I don’t think I need to expand on the sheer absurdity of that, or the all too real threat of danger to women, particularly young girls.

Say what they will, but women — even the strongest of us — can be easily dominated by a man. But then again, the left can’t define a woman, so that fact slides through their illogical arguments like a man wearing a skirt into a women’s restroom.

The left’s constant cries about women’s rights seem utterly incompatible with this defilement of the truth. You don’t get to cry bloody murder (unless, of course, it’s in support of abortion) about protecting women’s access to so-called health care based

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Did Fani Willis Indict The ‘Fulton 19’ Defendants Without Proper Jurisdiction?

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A motion filed in the Fulton County “election interference” case against Donald Trump and 18 codefendants, also known as “The Fulton 19,” hasn’t garnered much attention but has the potential to upend the entire case.

Meet Harrison Floyd. He fought for his country as a marine, interned at the Heritage Foundation, was a senior staff member on President Trump’s 2020 campaign, and led a nationwide effort known as “Black Voices for Trump.”

He is also one of the defendants indicted last year, along with President Trump, by Fulton County District Attorney Fani Willis. Floyd was charged with a violation of Georgia’s Racketeer Influenced and Corrupt Organizations Act (RICO) statute, “solicitation of false statements and writings,” and “influencing a witness,” stemming from contact he had with Fulton County temporary election worker Ruby Freeman.

In December of 2020, Floyd heard Freeman was seeking assistance. Unable to go to Atlanta himself, Floyd asked publicist Trevian Kutti, who at the time was working for Sen. David Purdue’s reelection campaign, to speak with Freeman.

Following allegations that Freeman had introduced suitcases of illegal ballots and committed other acts of election fraud, she became wary of strangers. So when Kutti and Garrison Douglas, director of communications for the Georgia Republican Party, came to her home, she called the Cobb County police and asked them to arrange a meeting.

The Georgia Record reports that on the 911 call, and in person with the police present, Freeman “asked for the meeting to see what help [Kutti] could provide

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