Debt Archives - The American Spectator | USA News and Politics
by | Feb 12, 2024

“Annual income twenty pounds, annual expenditure nineteen [pounds] nineteen [shillings] and six [pence], result happiness. Annual income twenty pounds, annual expenditure twenty pounds ought and six, result misery.” —Mr. Micawber (fictional character in David Copperfield by Charles Dickens) Twenty pounds…

by | Feb 5, 2024

If you are a borrower seeking a loan from a lender, you might want to secure a loan as far out in time as is prudent, given the nature of what the borrowed money will be used for. If you…

by | Jan 31, 2024

Over the years, I’ve offered many explanations about why the trajectory of the national debt is deeply troubling. At this point, though, my worry isn’t rooted in a dogmatic adherence to the principles of a balanced budget. Nor does it…

by | Jan 2, 2024

“The president proposes, the Congress disposes” is the way the Founders set up our government. Here’s how it’s supposed to work: legislation is proposed (by the president or a member of Congress) through an “authorization” bill that “can establish, continue,…

by | Nov 16, 2023

It wasn’t the last column in this space — that one took a detour because somebody had to address the manifest awfulness of Nikki Haley — but the one before that introduced you, dear reader, to what might become an…

by | Nov 10, 2023

There’s much talk this week about the need for a fiscal commission. The House Budget Committee held a hearing about it a few weeks ago. Pundits are Substacking about whether using the approach to put federal finances on a sustainable…

by | Nov 1, 2023

Some policy experts who, over the last few decades, saw little need for serious fiscal austerity because the government could borrow at low interest rates are now changing their tune. Their argument is that with rates now rising and the…

by | Oct 13, 2023

Countless financial soothsayers and Wall Street wizards were once members of a curious cult. Their doctrine? The unshakable belief that interest rates had managed to find something resembling the fabled Fountain of Youth, leaving their numbers eternally low and never…

by | Sep 7, 2023

While the Biden team touts Bidenomics, the American people suffer. Working one or two or three jobs, enduring runaway inflation, seeing credit card debt pile up, the American people are definitely feeling the effects of Bidenomics, and it’s not good….

by and | Sep 7, 2023

The American Spectator’s Scott McKay and Melissa Mackenzie tackle the economy in this episode of The Spectacle, a podcast focusing on conservative news and commentary. Bidenomics is leading to spiraling consumer credit card debt and pain for American voters. What…

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