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Euros & Dollars: U.S. Treasury Is Finally Waking Up
Finally, the U.S. Treasury is doing something to curb the rise in debt costs. But is it too late already to prevent a fiscal crisis in America?
Finally, the U.S. Treasury is doing something to curb the rise in debt costs. But is it too late already to prevent a fiscal crisis in America?
Those who expect a U.S. recession will have to wait a little longer, but there are some details in the latest GDP numbers that suggest an economic downturn is indeed on its way.
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.
Congress is borrowing 26 cents of every dollar they spend. Only structural spending reforms can prevent a fiscal meltdown—and time is running out.
Putting conservatism to work is a decades-long project. It requires patience and intellectual courage. We national conservatives have what it takes.
Freedom conservatives continue to attack us national conservatives. The latest example is U.S. economist Steve Moore, who ignores the poor and doesn’t like pro-family tax policy.
America is not in a recession. But is one coming? We have the answer.
If government size and employment rate had been the same in 2022 as they were in 2000, the cost of today’s government would have been $47,000 per employed person. That is a lot of money—until we do the same arithmetic with today’s government size and employment rate. Then the cost comes out to $59,700.
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