FOUND: 15 | Mind Blowing Facts

Backstop in debt limit law flips script on spending endgame - Roll Call

Budget scorekeepers flip the previous debt limit plan. Spending cuts now would disproportionately hit nondefense programs.

Roll Call · Nov 21, 2023

2024 economy and stock market predictions: Expect subpar returns in a new ‘age of austerity’ says a top analyst at Research Affiliates

In the new paradigm, the best investment categories of the last decade should prove the worst performers going forward, while the beaten-down, unloved sectors of recent years are likely to thrive.

Fortune · Nov 16, 2023

Federal government shutdowns are costly, for the economy and public trust

There are serious debates to be had about government spending, but the edge of a shutdown is no place to have them. Ignoring the consequences won’t bring us closer to more responsible government, two University of Chicago experts write.

Chicago Sun-Times · Nov 15, 2023

Is Chaos the Natural State of Congress?

The federal budgeting process was broken long before Matt Gaetz and Kevin McCarthy's recent spat.

Reason · Nov 2, 2023

Spending Recklessly in Good Times Is a Recipe for Disaster in Bad Times

Years ago, when interest rates were low, calls for the federal government to exercise fiscal restraint were dismissed. That was unwise.

Reason · Nov 2, 2023

‘Difficult and expensive’: US report raises Aukus doubts after Joe Biden reassures Anthony Albanese at White House

Congressional report says sale of three to five Virginia class submarines would cut the number available to the US navy fleet

The Guardian - AU · Oct 27, 2023

Americans Learned a Lesson About Interest Rates. Washington Has Not.

Higher rates lead to more debt, and more debt begets higher rates, and on and on. Get the picture?

Reason · Oct 19, 2023

The Debt Crisis Is Getting Real

Rising bond yields mean the national debt is going to be a lot more expensive in the next few years, and we just keep adding to it.

Reason · Oct 4, 2023

Welfare Cuts Are Inevitable Because Congress Won't Touch Social Security

Until Congress is willing to acknowledge that it makes no sense to send monthly checks to wealthy seniors, everything else will be on the chopping block.

Reason · Sep 27, 2023

The U.S. Government's Bad Credit Means Higher Costs for Us All

Federal officials ignore repeated warnings, and we all pay the price.

Reason · Aug 11, 2023