US States Have a Long History of Defaulting
As the federal government's debt approaches $35 trillion, default one way or another is inevitable. Many US states already have used that method to eliminate their debts.
As the federal government's debt approaches $35 trillion, default one way or another is inevitable. Many US states already have used that method to eliminate their debts.
Ryan and Tho talk with Jane Johnson about why the feds will never pay down the debt.
While term limits is a near-article of faith by many on the right, the concept is flawed at its inception and the results are worse than anticipated.
Social Security is headed for reduced benefits, and no amount of political rhetoric or even tax increases will solve that problem. The numbers do not lie.
In the wake of the financial meltdown fifteen years ago, some countries placed strict limits on piling on public debt. Despite cries that this harms investment opportunities, the ”debt brakes” have worked well.
Political and economic elites predicted a doomsday scenario when Trump was elected in 2016, but the reality of his presidency didn’t come close to matching the apocalyptic rhetoric that accompanied it.
Paying off the debt obviously won't happen, and the feds won't even contemplate anything that keeps the debt from getting bigger. They'll just try to inflate the debt away, so get ready for price inflation.
While people often associate propaganda with dictatorial regimes, American public education has created a propaganda machine that Stalin would have envied.
So-called climate change is really an excuse for government to do what it does worst: intervene in our economic affairs. While government efforts will not cool the planet, they will make life more difficult for the planet’s inhabitants.
Under Obama and Biden, the banking sector has been weaponized against industries American leftists don't like. The Obama administration acted as if its regulatory targets did not deserve due process, and the program ravaged far and wide.