Today’s Cannon | National Debt

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National Debt

What To Know: In case you missed it, the U.S. national debt topped $30 trillion for the first time last week.

The TPPF Take: We need to take a few lessons from real debt-fighters, such as President Calvin Coolidge.

“When Coolidge assumed office after the death of Harding in August 1923, the federal budget was $3.14 billion and by 1928 when he left, the budget was $2.96 billion,” says TPPF’s Vance Ginn. “Altogether, spending and taxes were cut in about half during the 1920s, leading to budget surpluses throughout the decade that helped cut the national debt.”

Parents’ Rights

What To Know: More and more states are proposal laws affirming the rights of parents.

The TPPF Take: Parents have rights, including the right to be treated with respect by the public school systems.

“Texas parents want their kids to succeed,” says TPPF’s Julia Crusius. “That’s why Texas needs a strong Parents Bill of Rights that will ensure that Texas parents understand what their children are learning, are confident that their children are being prepared for college and careers, are respected when they voice their concerns, and can choose the school that fits their child best.”

Price Transparency

What To Know: New rules on hospital price transparency, issued by the state in accordance with a law passed by the Legislature in 2021, are weaker than the laws intended.

The TPPF Take: Price transparency will benefit health care consumers.

“Most Americans want hospitals to show their prices,” says TPPF’s David Balat. “According to a recent Harvard-Harris poll, nearly 90% are in favor of an initiative by the government to mandate disclosure of negotiated prices by hospitals, insurers, and other medical professionals.”