The United States’ national debt crisis continues to get worse. The Committee for a Responsible Federal Budget projected that in 2024, the U.S. will spend more on interest payments than national defense. To put this into perspective, the U.S. spends over $900 billion a year on national defense, which is $600 billion more than the […]
Former NFL wide receiver Antonio Brown, one of football’s most polarizing and eccentric figures during his 12-year career, is broke, according to news reports and social media posts from the 35-year-old. Brown shared the news that he had filed for bankruptcy on social media on Monday and, in typical AB fashion, treated the matter as […]
The Book of Proverbs (22:7) tells us, “The rich rule over the poor, and the borrower is the slave of the lender.” Nowhere is the power of the moneylender as master of the poor and the harasser of the middle class greater than in today’s high-tech, AI-driven credit card banking world. No need to […]
One economic researcher broke down exactly how the Federal Reserve helped the federal government spend our taxpayer dollars profligately, adding massive amounts of debt. Paul Mueller, a senior research fellow at the American Institute for Economic Research, wrote for Fox Business how the Federal Reserve assisted in driving up […]
Last October, as Argentina headed into its 2023 presidential election, The New York Times provided an in-depth look at the controversial front-runner Javier Milei in an article titled “Javier Milei, a ‘Mini-Trump,’ Could Be Argentina’s Next President.” Written by Jack Nicas, the Times’ Brazil bureau chief, the piece drew striking parallels between Milei and former […]
S&P Global Ratings announced yesterday that it was changing its outlook on San Francisco’s debt from stable to negative. The outlook on the city-county’s outstanding general obligation and appropriation debt was cut to negative from stable this week by the ratings company. The weakness in the city’s commercial real estate market and tourism activity were […]
For more A.F. Branco cartoons, go to WesternJournal.com/cartoons. The post Haters with Benefits appeared first on The Western Journal. Source link
The International Monetary Fund last week ripped the Biden administration’s out of control spending, calling it “out of line with what is needed for long-term fiscal stability.” According to the New York Post, the IMF, an international organization aimed at fighting financial crises across the globe, warned that ever-growing national debt in the U.S. poses a […]
Back on May 30, 2023, after then-Speaker Kevin McCarthy cut a deal with President Joe Biden to suspend any limit on the federal debt through all of 2024, Senate Majority Leader Chuck Schumer praised the deal as an act of “responsible” government. “Again, nobody got everything they wanted,” said Schumer, “but this bill is the […]
Joe Biden has spent much of his presidency attempting to cancel student debt for millions of Americans, but he has also seen stiff resistance from the courts. On Thursday, another court stepped up to oppose Biden’s plan, calling his latest attempt to cancel student debt “almost certainly unlawful.” The 5th U.S. Circuit Court of Appeals […]
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