In a recent brief video message to his supporters, former president and current 2024 presidential candidate Donald Trump warned Republicans about cutting Medicare or Social Security: Under no circumstances should Republicans vote to cut a single penny from Medicare or...
Every time the United States reaches its debt limit, we read that it is important to reach an agreement to lift it. The narrative is that the debt ceiling must be raised, or the US economy will suffer a severe contraction. There is even an episode of a TV series,...
President Joe Biden’s foreign policy is fundamentally broken. What should have been a clean, quick withdrawal from Afghanistan was given an artificial extension by the White House and bungled by complacent Pentagon brass. Russia’s invasion of Ukraine has been...
Watching President Joe Biden’s State of the Union speech was like being cornered by a drunken lout who endlessly yanks on your shirt sleeve and babbles about all the favors he’s going to do for you. Biden told so many howlers that he eventually got heckled like a...
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....
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