The express purpose of this blog is to examine the chaos developing around us in the fields of politics, culture, economics and international affairs. In the realm of economics, the stock market is crazy.

The current federal budget process was signed into law in 1974. Congressional Democrats wanted to spend more money than Republican president Richard Nixon did. Some things never change. The ’74 budget process was designed to make increased spending easier to pass than had previously been the case. Nixon didn’t like it, but signed it as he was weakened by the Watergate crisis.