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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
The military press seems to be coming around to the conclusion that has been floated here at the Institute for quite some time. The aircraft carrier has seen its time and it is time to retire the tired and anachronistic technology. Poor concepts, design and planning;...
There was a time when Rebecca Black and her song, ‘Friday’ was a meme. It was popular for millions of people to tease, torment, stalk and threaten the life of a thirteen year old girl because of a music video, the digital mob was hungry for another child effigy to...
The Trump administration's abduction and threatened deportation of Mahmoud Khalil, a 30-year-old green-card holder and permanent legal resident of the United States, is horrifying not just for him and his pregnant wife, a U.S. citizen, but as a sign of things to come....
