Unfortunately, spending is up 7.6% to $2.57 trillion. The largest increase is debt service, up 13.6% from last year. This is in a low interest rate environment. The Fed is trapped in maintaining low interest rates. Danielle DiMartino: “Fed controlled rates theoretically set floor. Investors ultimately determine rate at which governments borrow. Artificially low floor drags down curve unless Fed loses control.”
Recent
J. Burden joined me to discuss the major problems conflicting Gen Z.
On August 25, 2025, President Donald Trump signed an executive order aimed at people who burn or desecrate the American flag. The order instructs the U.S. attorney general to “vigorously prosecute” offenders, imposes a mandatory one‑year jail sentence for anyone who...
She just turned ninety, her body withering along with her mind. She dithers and smiles, walks slowly among the isles, she is never alone when outside, she remains lonely. She has always been a pensioner, never worked. Her husband died thirty years ago, now with three...
