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.”
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Sandboxx does a terrific overview of the problems inherent in this. While I have beaten the drum on the inherent challenges of emerging problems in Revolutions in Military Affairs throughout the 21st century, no one at the Pentagon is paying attention as they leap...
She looks up and pleads for mercy. Then the drone operator makes the decision to kill her. We get to see the life and death of war, the intimate terror as the mostly young are killed on the battlefield. Social media accounts share the misery with pornographic delight,...
Ep 010 "Fixing Fight Club: Naval Warfare in the 21st Century" In the future near-peer and peer fight, salvo competition and missiles will be the preeminent means by which one country will kinetically overwhelm the other in a fight. I discuss the way the US Navy is...
