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Statement: ACLU says videos of Hunter Demster's August 26 arrest show a continuing campaign of harassment by the Memphis Safe Task Force.
Parker Sheppard stated that as of September 2026, U.S. deficits are running at 6 percent of GDP.
Current Congressional Budget Office scoring rules allow a bill to be scored as balanced even if it offsets spending in an early year with revenue in a much later year.
The entire projected increase in the U.S. deficit is attributed to Social Security and Medicare.
The Congressional Budget Office's legislative scores do not show the debt-service costs incurred from borrowing.
Approximately 70 percent of the U.S. federal budget consists of mandatory spending.
U.S. federal deficits nearly tripled in the early 1980s.
According to a National Bureau of Economic Research paper, while aggregate real wages have recovered, the purchasing power lost during the high-inflation period was not regained.
Congress passed the Tax Equity and Fiscal Responsibility Act in 1982, Social Security reform in 1983, and tax reform in 1986.
According to a National Bureau of Economic Research paper, 43% of workers who did not change jobs and 37% of all workers studied experienced real wage reductions.
Kevin Warsh is the new chairman of the Federal Reserve.
The Federal Reserve recently raised interest rates by 0.25 percent, to a range of 3.75 percent to 4 percent.
The Federal Reserve has a 2 percent annual inflation target.
The Consumer Price Index rose 0.4% in the past month and 3.4% over the last 12 months as of September 2026.
A National Bureau of Economic Research paper analyzed payroll records for approximately 16 million American workers between 2021 and 2024.
Inflation peaked at 9 percent in 2022.
Bryan Riley of the National Taxpayers Union stated that Congress should reclaim its constitutional authority over tariffs rather than delegating more of it.
Cato Institute research fellow Clark Packard wrote that the sanctions bill does not specify the data source for identifying the 'top five' purchasers of Russian energy.
President Trump has since imposed tariffs citing other laws.
George Mason University law professor Ilya Somin told Reason that the new sanctions proposal is a 'bad law' and that better ways exist to help Ukraine.