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Posts Tagged: “fiscal crisis“
Japan’s Inflation Problem Is Cornering Its Central Bank
As the west muddles through murky economic waters, many call on the Federal Reserve to hold off a recession. But, as our neighbors to the east show us, central banks are highly constrained in what they can actually accomplish, and more inflation isn’t the right move.
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Treasury Has Paid Out $941B in Interest Over the Last 12 Months
The government hit the debt ceiling back in January and has been pursuing extraordinary measures since. This usually means dipping into things like Civil Service Retirement funds to free up cash and avoid borrowing any more money.
Treasury Adds $2.2T of debt in 2024
The Government debt binge has slowed in the latest month, adding only $2B in new debt for January.
US Budget Crisis Will Impoverish American Families
Amid record tax receipts, the U.S. still faces a dire fiscal future, with deficit spending predicted to climb from $1.9 trillion in 2024 to a staggering $2.8 trillion by 2034. This unsustainable financial trajectory threatens to cripple the economy with higher taxes, stunted growth, and a devalued currency. The overwhelming debt burden will be passed […]