by Noah Kaplan Democrats need to recognize that Sen. Mitch McConnell and the Senate Republicans are not bluffing: They will not vote to raise the debt ceiling. Republicans believe that a failure to raise the debt ceiling will hurt the Democrats electorally more than themselves — ...
Responding to Democrats in her party who are troubled by the massive $3.5 trillion spending bill that would forever transform America into a debtor nation, Speaker Nancy Pelosi asked a question: “Where would you cut?” Her question carries with it a conceit held by many contemporary ...
The Biden administration’s new moratorium on evictions postpones yet again the crisis of debt that looms over millions of American households where the rent or mortgages are months overdue. But instead of solving the main problem of mounting indebtedness to landlords and banks, the new ...
American health care is too expensive. Exhibit A is a new study of Americans’ medical debt published in the Journal of the American Medical Association. That debt is twice as large as had previously been estimated — $140 billion in collections as of June 2020, compared to an earlier ...
There is an old saying about debt: “Running into debt isn’t so bad. It’s running into creditors that hurts.” Gov. Jim Justice and his family business have borrowed a lot of money over the years, hundreds of millions of dollars. That is not unusual. Big time businesspeople borrow ...
A bipartisan group of U.S. senators have introduced a bill to begin reforming the beleaguered United States Postal Service which is being financially crushed by retirement expenditures and falling demand. The legislation’s primary aim is to repeal $5 billion a year in mandatory retiree ...