"Every revolution begins with a single act of defiance" -- Mahatma Gandhi

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Chances are, if you’re reading this blog, you have completely given up on any semblance of fiscal responsibility from the current administration, and perhaps maybe from the nation as a whole, already. But if you’re one of the few still holding on to a shred of hope for fiscal responsibility…well…stop.

As best as I can tell, the Biden administration's current policy stance towards spending is basically "f*ck it, we’ve almost run up the credit card to its limit, so we might as well just blow the rest on a massive bender."

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The U.S. economy grew less than previously thought in the first three months of the year, expanding at an annual pace of just 1.3 percent, revised government data showed Thursday.

The downward revision was primarily driven by data showing that consumer spending grew by significantly less than previously estimated.

This was the smallest expansion in gross domestic product in almost two years. The prior estimate had the economy growing at a 1.6 percent pace in the first quarter.