US National Debt

John Whitehead No matter what carefully crafted sound bites and political spin get trotted out by Joe Biden and Donald Trump in advance of the 2024 presidential election, you can rest assured that none of the problems that continue to undermine our freedoms will be addressed in any credible, helpful way by either candidate, despite the dire state of our...

My longtime prediction that the Fed will not be able to kill inflation without destroying the economy is showing itself true in articles about hand-wringing from multiple directions today. The short of it is that the Fed either wins inflation but drives us deep into recession, or it rushes to bail out a collapsing economy but lights inflation fully back...

Ron Paul American Compass, a think tank promoting a conservatism lacking even a rhetorical commitment to free markets, recently called for Republicans to support tax increases. The organization claims a GOP embrace of higher taxes will enable the uniparty’s left (Democratic) and right (Republican) wings to create a deficit reduction plan balancing tax increase with spending cuts.American Compass is correct...

Veronique de Rugy No matter what President Joe Biden and former President Donald Trump promise you, and no matter its past as the untouchable “third rail” of American politics, Social Security will be modified one way or another within the next 10 years. While both candidates are misleading their voters, the party with the most to lose from ignoring Social...

According to an article on Yahoo! today, the top banana in finance, J. Powell, has already decided to go full bananatard. It is the financial hallmark of banana republics to print money in order to finance their debts. The Federal Reserve has never been allowed by law under its charter to do that because politicians were, long ago, smart enough...

zimmytws/iStock/Getty Images Plus The U.S. Government Accountability Office calls the U.S. government’s deficit spending “unsustainable” and says it poses “serious” challenges to the nation’s economic and national security. The GAO wrote, “We have reviewed the government’s bookkeeping and continue to find weaknesses that undermine reliability.”During last week’s annual Spring Meetings of the International Monetary Fund (IMF) and the World Bank...

Veronique de Rugy Another Tax Day has come and gone, and most Americans believe they pay too much. One recent poll revealed that 56% say they pay more than their fair share. Unfortunately, I fear this is just the beginning considering the insane level of debt Washington policymakers have accumulated over the years. With this in mind, here are some...

The following article was originally published as one of my “Deeper Dives,” which only paid subscribers can read, though I made the introduction available to everyone for free. However, it seemed to me like it was a much more important article than most I’ve written, so I did something with that full article that I’ve never done with a Deeper...

The American economy seems to be on a tear. In February, it added 275,000 jobs, another unexpectedly high count even as unemployment inched up to 3.9 percent. Fourth-quarter 2023 GDP growth clocked in at 3.2 percent, after a 4.9 percent expansion in the third quarter. Also last month, the Dow Jones Average hit 39,000. The White House touts these developments...

Douglas Rissing/iStock/Getty Images Plus The U.S. Senate voted 63-35 to advance $460 billion in spending bills to avoid a government shutdown before a midnight deadline. Senate Minority Leader Mitch McConnell (R-Ky.) was one of 14 Republicans who voted in support of the measure.Senator Susan Collins (R-Maine) also supported the bills, stating, “It would be irresponsible for us not to clear...

AP Images If a majority of Americans agree with some of the reactions to President Joe Biden’s State of the Union address, and stick to those opinions come November, he will be a one-term president. Come this time next year, he’ll be scaring ice cream back in Delaware.The leftist mainstream news media — Biden’s Information Ministry — thought it was...