The United States is in fiscal trouble. The burden of government spending has increased by nearly $3 trillion over the past 10 years—nearly doubling in just one decade! And that means more resources diverted from the economy’s productive sector...
During a small dinner gathering in Michigan during the late 1990’s, Ronald Reagan’s Attorney General, Edwin Meese, answered questions following a brief speech on policy. One question posed was, “Does the continued growth of the national debt offer...
Great nations with vast resources and firm foundations have existed for centuries overcoming internal and external threats. Throughout history, many factors serve as threads of continuity allowing countries to prosper, despite occasional missteps in...
The current impasse over the increase in the national debt ceiling highlights the longer term issue regarding America’s growing and unsustainable liability. For years, market participants have been signaling their displeasure over our massive...
The US government recently hit its $31.5 trillion debt limit after years of careening baseline spending on entitlements combined with emergency COVID-19 spending in the last few years to produce record-busting deficits. The new Republican majority...
A worse-than-expected inflation report released Friday spooked the Federal Reserve into contemplating steeper-than-expected interest rate hikes on Monday. That in turn spooked traders into a stock sell-off, driving the S&P 500 into a bear market...
Even before our nationwide COVID-19 panic attack, we were heading for yet another trillion dollar deficit. Before the dust settled, 30 million Americans had filed for unemployment, those fortunate enough to have jobs were figuring out how to work...
The federal government is moving into the final stages of its fiscal life. Deficits have gotten so enormous that the Federal Reserve simply prints the money the government needs. Why? Because that’s the only option left on the table. For years, we...
