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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Trump is turning up the heat on Ukraine and Zelensky, and the timing is impossible to ignore: voters feel foreign policy in their wallets through gas prices and diesel prices. Kyle sits down with Connor Echols of Responsible Statecraft to parse what’s real policy...
Men are killing, raping and beating women, still. The media is reporting on it, with eagerness. The subject is scary, there is a panic. With any panic, there is a need for scapegoats. The spread of blame widens, until eventually everything is toxic, needs to be...
The fastest way to misread a war is to believe one leader can simply declare it over. We dig into President Trump’s claim that the Iran war will end “very soon” and test it against the hard constraints that actually decide timelines: the Strait of Hormuz, shipping...
