The Nation’s Growing Debt Pile and a Lesson From History
The Biden administration’s $6 trillion spending wish list would add substantial new layers to the nation’s already massive pile of debt. Even with the president’s proposals to raise taxes, much…
Pentagon Says it’s on Track to Pass an Audit – in 2028
The Department of Defense has yet to pass an independent audit of its books, having failed three times to assemble balance sheets that can pass muster. But the DoD is…
Afghan War Costs Estimated at More Than $2 trillion
The Biden administration has said it intends to pull the remaining U.S. armed forces from Afghanistan by Sept. 11. Setting aside the fact this will keep troops in country well…
Nation’s Fiscal Health got $10 Trillion Worse in 2020
It’s no secret the federal government’s spending binge during the coronavirus pandemic was one for the record books. But now that some of the fiscal dust has settled, and before…
The 2020 Global Misery Index
There are hints of optimism in the air, as more people get fully vaccinated, restrictions on activity ease (even if some states are dragging their heels on reopening) and the…
The Real Impending Doom is Fiscal, not Viral
The Center for Disease Control’s new director, Dr. Rochelle Walensky, recently said she had a “recurring feeling I have of impending doom” regarding the coronavirus. While the positive news about…
Time to scrap the Littoral Combat Ship?
The Department of Defense has long struggled with how to produce weapons systems that meet current and future challenges, and do so without breaking the bank. Sometimes they get it…
What China has Been Doing With the Data it Stole From the Federal Government’s Personnel Files
In late 2013 – and perhaps even well before then – hackers broke into the computer systems at the federal government’s Office of Personnel Management and began a months-long espionage…
Hack of Government Networks Was Years in the Making – and an Ominous Warning of Future Conflicts
The extent of the damage done during the months-long assault on some of the nation’s most sensitive government and private computer systems is still unknown. But it appears to be…
Pentagon Fails Another Financial Audit, but Urges Patience as it Gets its Books in Order
The Department of Defense has failed yet another financial audit, the third since such audits began in 2018. But according to the Pentagon’s comptroller, Thomas Harker, there is hope the…