As interest rates get set to rise, Uncle Sam is unprepared to handle the fallout
With the new year in fiscal recklessness and folly underway, it’s worth recalling that, as the Federal Reserve starts raising interest rates, Uncle Sam’s balance sheet will get even worse….
Paycheck Protection Program was a costly dud
Among the many federal efforts to prop-up the economy in the wake of government-mandated business closures was the Paycheck Protection Program, or PPP. Roughly $800 billion was shoveled into PPP,…
Tackling the two big drivers of debt and fiscal instability
Official Washington has an ingrained habit of ignoring big problems until they become full-blow crises. One of the current big problems is federal spending, and the debt backing it up….
The platinum coin gambit is no way to avoid the debt limit
Congress has raised the nation’s debt limit through early December, at which time, we are sure to revisit the recent gamesmanship, and doomsday scenarios. Among those was the resurfacing of…
Cowen: Is Biden’s spending plan a good idea?
While official Washington tries to sort out just how much borrowed money to spend on more government, George Mason University economist Tyler Cowen wonder why there hasn’t been more debate…
Forcing Democrats to look at the red ink in their spending plans
House Democrats’ squabbling over the size and content of a $3.5 trillion budget bill resulted in the delay of a vote on a trillion dollar (give or take) infrastructure bill….
Expanding the dole, and bankrupting the nation
The Biden administration’s push to expand the scope of federal programs really doesn’t begin to describe just how much the White House, and Congress, want to change the social contract…