Imagine for a minute that someone with almost $445,000 in credit card debt said to you, “I just don’t make enough money.” You’d think that this person was a fool and caution them to reduce their spending. Unfortunately, this is…
The Republican National Committee just released its 2024 platform. While calling it a platform is a stretch, the list of bullet points gives an idea of what the potential next Trump administration’s goals are. Here’s one issue that should be…
This week, Congress moved closer to passing four separate bills with $95 billion in funding for Ukraine, Israel, Indo-Pacific allies, and the domestic submarine industrial base. This funding has been debated for months, with much of it intended for wars…
With U.S. government revenues rising, 2023 might have been a good year for Congress to get America’s post-COVID-19 finances on track, but the budget deficit is still growing. You can thank overspending for this. It’s also the reason we’ve had…
California’s Legislative Analyst’s Office announced Thursday that California faces a $68 billion deficit — the largest in state history. For comparison, that’s bigger than Maryland’s entire budget for fiscal year 2024. California Gov. Gavin Newsom’s efforts to present California as…
“For every complex problem,” wrote H.L. Mencken, “there is an answer that is clear, simple, and wrong.” The issues of “health care, infrastructure, education,” and “climate change” could all be solved — according to Stephanie Kelton, author of The Deficit…
Writing in this space a few weeks ago, I argued that in several ways the United States is exhibiting characteristics remarkably similar to that of the Roman Empire during its decline in the Christian Era. Like second century Rome, we…
President Joe Biden is praising “Bidenomics,” a self-congratulatory term he coined, despite broad economic disapproval among Americans and the specter of recession hanging over the country. The American people have experienced Bidenomics’ genius firsthand — with inflation negatively affecting staples…
The meaning of “hubris” has evolved over the centuries. Today, it has come to mean too much pride and even an insolent sense of self-confidence. One of the definitions of the word “ύβρις” in ancient Greece was disregard for the…
