This week the U.S. government reached its 31.4 trillion dollars borrowing limit, better known as the “debt ceiling.” This led to a showdown among House Republicans, President Biden, and congressional Democrats. House Republicans are demanding that President Biden and...
Here we go again. Every few years in Congress there is a purely political battle over the debt ceiling. We're supposed to be horrified and worried that the U.S. might default on some of its debt. Some commentators will insist the U.S. has never defaulted, and that...
Nouriel Roubini, a former advisor to the International Monetary Fund and member of President Clinton’s Council of Economic Advisors, was one of the few “mainstream” economists to predict the collapse of the housing bubble. Now Roubini is warning that the staggering...
In October, the U.S. national debt reached $31 trillion, and the government is projected to wade another trillion dollars into the red in the 2023 fiscal year. The longer-term picture is even gloomier, with the deficit expected to double to $2 trillion by 2030....
I would like to attempt to describe our economic model since we abandoned sound money and any constraints upon our ability to print IOUs (or what most refer to as dollars without any understanding of what that really means). Before, there was mandated fungibility...
The federal government seized from the American people almost $5 trillion ($4.896119 trillion) in fiscal year 2022 (Oct. 1, 2021 through Sept. 30, 2022), according to The Monthly Treasury Statement of Receipts and Outlays of the United States Government (MTS),...
It’s been a rough year for advocates of modern monetary theory (MMT). After nearly two years with all the budget deficits and money printing MMTers could have wanted, the doctrine’s popularity seems to have faded now that we’re well passed the honeymoon phase. Twenty...
On Oct. 3, 2022, the U.S. national debt eclipsed $31 trillion for the first time in history. When you factor in unfunded liabilities in Medicare and Social Security, the debt skyrockets to well over $100 trillion. As the Anti-Federalist writer Brutus warned: “I can...
Mike Maharrey, from the Tenth Amendment Center and Schiff Gold, returns to the show to discuss Defend the Guard and America's national debt.
US News The White House extends the required breaks for flight attendants between shifts. Tribune The national debt exceeds $31 trillion. Forbes A new poll shows nearly 70% of Americans want to end arms sales to Saudi Arabia and only a slight majority support selling...
At sixteen I was lucky enough to travel to Italy with my Latin class. The highlight of the trip for me was walking through the ruins of Pompeii. Standing in the shadow of the deadly volcano Mt. Vesuvius, you are keenly aware of the danger staring down at you. We...
Will he or won't he? That was the question on people's minds as news broke last month of former president Donald Trump suggesting he has made up his mind on running for president again. Grover Cleveland first won the presidency in 1884, and won the popular vote in the...
The topic of secession has become increasing more common in recent years as various regions and minority populations (e.g., California and Texas) has openly suggested breaking away from the United States. The idea is forwarded with varying levels of seriousness, but...
Donald Trump entered the political stage as a rejection of all that we have known. His rhetoric was that of America no longer being great, and a promise to bring America back to its roots. He promised to “Make America Great Again.” He created a movement around this...
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