“American public debt is at economically damaging levels and growing at an unsustainable rate. Congress should stabilize federal debt to reduce the possibility of a fiscal crisis.” Those are the words...
Tag: Budget Deficits
Put Away the Smelling Salts, the Fed Doesn’t Threaten Washington’s ‘Solvency’
Russia presently has total government debt of $190 billion. The U.S. can claim total debt somewhere north of $30 trillion. Are the Russians “Classical” in economic thought relative to the Keynesianism...
The IRA: What Hath Washington Wrought?
US President Joe Biden signs the Inflation Reduction Act. (Photo by MANDEL NGAN / AFP) (Photo by … [+] MANDEL NGAN/AFP via Getty Images) AFP via Getty Images This is the first of a three-part se...
Are We In Recession Yet?
Federal Reserve Board Chairman Jerome Powell. (Photo by Alex Wong/Getty Images) Getty Images Spring seems to have brought a second quarterly decline in real gross domestic product (GDP). Since this ma...
The Biden-Harris Inflation Plan Is More Rhetoric Than Real
President Joe Biden and Vice President Kamala Harris share pleasantries. (Photo by Chip … [+] Somodevilla/Getty Images) Getty Images Since the latest inflation news was abysmal and because the p...