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The US government is spending so much money these days that it’s becoming unfathomable even to grasp the amounts Back in 2008, a one-time $700 billion bank bailout was considered a huge amount of...
If the thought of a $34 trillion national debt seems too big to imagine, that’s probably because it is It’s a sum so huge that it’s nearly impossible to comprehend Many people like to...
While legal codes govern modern life today more so than in centuries past, they’re not the only sets of rules in our legal system Case law, or precedent, is just as important Precedent isn’t...
For years the national debt has been rising steadily upward But every time someone tries to warn about the unsustainable nature of that rise, the media steps in to tell us not to worry “We owe...
After Hamas’ attack on Israel, tensions in the Middle East have been rising The United States has, not surprisingly, given a significant amount of support to Israel And now the Biden administration...
Debt is a lot like fire in that it can be a useful servant but a cruel master For most people, debt is an unavoidable part of our reality While many people can afford to pay cash for a car, most of...
With the past few years having been so turbulent, there was hope that 2023 would bring a return to normalcy After COVID, a disputed election, a Russian invasion of Ukraine, and a year that saw both...
Last week rating agency Fitch downgraded the US government’s debt rating from AAA to AA+ It was an unexpected move, and caused ripples in the market But markets seem to have shrugged off the move...
Before Congress raised the debt ceiling, we were told that failure to do so would harm the US economy and US markets We were told that the debt ceiling had to be raised, otherwise all manner of...
It seems like there has hardly been a time when the national debt wasn’t an important national issue For most of our lives, the size of the national debt has been increasing, both in nominal...
While much of the attention surrounding discussion of stimulus spending focuses on Congress, hardly anyone seems to be paying attention to the organization enabling Congress’ spending: the Federal...
The federal government has already pledged $2 trillion to help households and businesses withstand the pressure placed on them from the coronavirus But the final price tag could end up far higher,...
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