Sen. Joe Manchin prides himself on his bipartisanship, but when it comes to negotiations over the debt ceiling, he should not support House Republicans’ ransom demands. Manchin views himself as a deficit hawk, and he’s made it clear he’s displeased with President ...
House conservatives have devised a “new and improved” threat to the world economy if their demands are not met. Once again, they vow to vote against raising the cap on U.S. debt if desired cuts in government spending are not made. Once again, they insist their plan would not ...
by Tyler Cowen For conservatives, current high rates of inflation should not be too upsetting — and not because they might help Republican candidates in the next election. Rather, there are intrinsic reasons that higher inflation, at least for a while, might not be as bad as it ...
President Joe Biden has announced he will raise “some taxes” in the budget he is proposing this week to Congress. Biden again claims no one making less than $400,000 a year will pay more taxes. The federal government receives record amounts of revenue, but spends and borrows in ways ...
by Karl W. Smith As disconcerting as the U.S.’s current debt situation is, the outlook is even worse. When the bipartisan Congressional Budget Office updated its forecasts this month, it estimated that debt held by the public will climb to $46 trillion by 2033 from $31 trillion ...
by LZ Granderson Our population was getting older and broker. Between 1900 and 1950, the number of senior citizens in America had grown from 3 million to 12 million. Only 1 in 8 had health insurance. Only 1 in 3 made more than $1,000 a year. By 1963, the population over 65 years old ...