Spending
Inflation Hits a 40 Year High… Again
The latest Consumer Price Index (CPI) data released Tuesday reveals that year-over-year inflation for the month of March hit 8.5%. This was a 1.2% increase from the previous month of February. Inflation has become a major problem for most Americans…
Taxpayers Suffer As Superintendents Prosper
Last week the Texas Education Agency (TEA) released its most recent superintendent’s salary report to the public. The report includes some disturbing results and shows that the average superintendent makes considerably more than the average Texan. The top ten highest-paid…
Texas Senate Interim Charges Released – Includes Some Priorities, Lacks Others
Monday, Texas Lieutenant Governor Dan Patrick (R), released his list of interim charges to all Senate committees. Every legislative cycle, the leaders of each respective legislative chamber issue interim charges for each committee to study in preparation for the next…
Is A $25 Billion Surplus Coming Next Session?
Rumors have already begun to swell around Austin that there is the possibility of a historic budgetary surplus heading lawmakers’ way as appropriators begin to consider the state budget for the next biennium. The Austin swamp is already salivating about…
Inflation Hits A New 40 Year High At 7.9%
Americans all across the country, including here in Texas, are suffering from the fiscally irresponsible policies administered by both the federal government and the Federal Reserve in response to the pandemic. The massive amounts of Quantitative Easing and stimulus dollars…
Spotlight on the 87th: Subsidies for Wind and Solar
In today’s Spotlight on the 87th Legislative Session, we look back on legislation that protected subsidies for unreliable wind and solar energy. House Bill 1607 was authored by State Rep. Drew Darby (R-San Angelo) and was passed out of the…
A Somber Milestone Also Marks Bleak Outlook for the Prosperity of Future Generations
$30 trillion. Written another way, $30,000,000,000,000. It is a number that is generally unfathomable and difficult to truly understand or conceptualize by everyday Americans. It also represents the money owed by the United States Government or more importantly the taxpayer…
Explainer: How does the Texas Budget Work?
The Texas budgeting process is one that very few people actually understand in Texas politics, let alone how lawmakers arrive at a finalized budget for the next two fiscal years. In this explainer, we aim to give a simple overview…
Explainer: What Is The Texas Enterprise Fund?
One of many government programs that many Texans have no clue exists is the Texas Enterprise Fund. Millions of tax dollars are distributed from this program, yet it never receives much attention from the public. The program is administered via…
After Receiving COVID Welfare, Most Texas Cities Are In More Debt
Recently Truth In Accounting released their most recent Financial State of the Cities for 2022. This report analyzed the financial health of the top 75 cities in America during the COVID-19 pandemic. “The report found that 61 cities did not…
In Their Own Words – Part Three – Republican Gubernatorial Candidates on Cutting Government Spending
On January 13, the True Texas Project hosted a Gubernatorial Forum for Republican Candidates for Governor. Among the attendees were former Republican State Sen. Don Huffines, former Florida Republican Congressman and former Republican Party of Texas Chairman Allen West, and…
Explainer: What Is Fractional Reserve Banking?
In response to our article defining the correlation between inflation and interest rates, TFR has been asked by many subscribers to explain the system that makes this possible. What is fractional reserve banking? Fractional reserve banking is a system of…
Inflation Soars to 7% a 40 Year High
CPI data released this morning revealed that the year-over-year inflation rate has hit 7%. This is the highest rate experienced in 40 years (since 1982) in the USA and there is no sign that we will be inflecting downward…
Huffman Named Chairman of Senate Finance
Tuesday, Texas Lt. Gov. Dan Patrick announced that he was naming Republican State Sen. Joan Huffman (Houston) as the new Chairman of the Senate Committee on Finance, replacing outgoing Republican State Sen. Jane Nelson (Flower Mound) who has chaired the…
Inflation hits 30 year high at 6.2% year over year according to CPI data.
According to CPI data released today, inflation has hit a 30 year high at 6.2% year over year. This has officially killed the narrative that “inflation is transitory” and will magically disappear according to the Federal Reserve. But what is…