Euros & Dollars: How to Fix America’s Debt Problem, Part I
There is only one way that Congress can permanently end its budget deficits. Here is how to get the job done.
There is only one way that Congress can permanently end its budget deficits. Here is how to get the job done.
In 2023, the federal government borrowed $2.5 trillion. So far this year, things are only getting worse.
“Sánchez has sold the sovereignty of the Spanish,” VOX leader Abascal said of deal that would pardon any crimes committed in connection with illegal 2017 referendum.
More and more finance experts express worry about the U.S. government’s debt. Only Congress can prevent a fiscal crisis, but time is running out—fast.
Rather than reflecting the way ordinary Spaniards speak, the institution’s regulations have been rewritten to awkwardly avoid masculine nouns.
Anyone proposing more U.S. defense spending with borrowed money should consider what happens when increasingly uneasy investors have had enough of U.S. debt.
Republicans insist that the domestic crisis is more important than funding Ukraine.
The U.S. government now borrows 35 cents of every dollar it spends. Congress, meanwhile, is busy trying to keep the offices of the federal government open.
The U.S. Congress must make a choice—and make it now. Do they want to play fiscal defense and let the debt grow? Or do they want to play fiscal offense and solve the problem for good?
The growth in debt will only stop when the U.S. government is struck by a real fiscal crisis. Nothing else will work.
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