Economic Analysis
Texas Cuts Unpaid Bills to $400 Per Taxpayer as Washington’s Top $1.1 Million
Truth in Accounting found Texas $3.9 billion short of covering its bills, or $400 per taxpayer, down from $10.8 billion a year earlier.
Economic Analysis
Research on the Texas economy and what an independent Texas would have to work with: revenue, trade, energy, currency and the federal debt. The analysis starts from the published data and shows its work.
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More Economic Analysis
- Economic Analysis
The Fed Raised Rates for the First Time Since 2023. Washington’s $40 Trillion Debt Just Got More Expensive.
The Federal Reserve raised rates a quarter point to 3.75 to 4 percent, its first increase since 2023.
- Economic Analysis
Congress Will Start Another Fiscal Year Without Its Spending Bills. It Has Finished Them on Time Four Times in 50 Years.
Congress will begin fiscal 2027 on October 1 without any of its 12 spending bills, running on a stopgap through December 11.
- Economic Analysis
Washington’s Gold Is Worth $1.1 Trillion. Its Books Still Say $11 Billion.
The Treasury carries 261.5 million ounces of gold at $42.22 an ounce, about $11 billion. At market prices it is worth about $1.1 trillion.
- Economic Analysis
TPPF Proposes an Office of State Sovereignty to Screen Federal Grants. Texans Paid for Them First.
The Texas Public Policy Foundation proposes an Office of State Sovereignty to review every federal grant a Texas government seeks.
- Economic Analysis
Nearly a Fifth of Every Dollar Washington Collects Now Goes to Interest
Net interest on the federal debt reached 18.5 percent of federal revenue in 2025, past the record set in 1991.
- Economic Analysis
Washington Bills Texas for the Deficit Texas Cannot Run
Washington will borrow about $1.9 trillion this year with no law to stop it.
- Economic Analysis
The Fed Holds Rates High and Texas Gets No Vote
The Federal Reserve held its benchmark rate for a fifth straight meeting, keeping the 30-year mortgage near a 12-month high and Texas homes expensive.
- Economic Analysis
Federal Credit Downgrades Drive Up Borrowing Costs Across Texas
Moody’s stripped the United States of its Aaa rating on May 16, 2025. With that move, all three major credit rating agencies had pushed the federal government out of the top tier.
- Economic Analysis
The U.S. Government Just Admitted It’s Broke. Nobody Noticed.
Last week, the U.S. Treasury Department released its consolidated financial statements for fiscal year 2025. The numbers paint a picture that should have been front-page news in every paper in the country.
- Economic Analysis
Texas Turns Oil Waste Into Nation-State Resource Base
America's first lithium extraction facility that pulls the critical mineral from oilfield wastewater opened this week in the Permian Basin.
- Economic Analysis
Washington’s Welfare Bill Falls Due in Texas
Over half of immigrant households use welfare. Federal policy opens borders. Texas taxpayers cover the tab.
- Economic Analysis
Federal Delays Cost Texas Ranchers Billions in Screwworm Crisis
Federal bureaucracy stalls screwworm response as Texas cattle industry faces potential $11 billion annual losses from flesh-eating parasite threat.
