Part one of a two-part series. It ended as quickly as it began. The GameStop stock frenzy game has stopped, with share prices plummeting, as expected. (Albeit, options traders brought…
American Rescue Plan Won’t Save Us: Part Two
Part two of a two-part series. If economic growth is the goal of the American Rescue Plan (ARP), handing out checks and raising the minimum wage won’t help the cause…
American Rescue Plan Won’t Save Us: Part One
Part one of a two-part series. “Act big,” Treasury Secretary Janet Yellen said at her confirmation hearing. And President Joseph R. Biden is doing just that. During his first day…
What to Expect in 2021
Part two of a two-part series. If all goes well, 2021 will be better than 2020. But there’s much that can go wrong. The manufacturing and distribution of vaccines is…
Good Riddance to 2020. But What About 2021?
Part one of two. Pretty much everyone was pleased to see 2020 come to an end. We’ve had to endure a pandemic that seems to be growing worse by the…
Why the U.S. Is Broke: Part Four
Fourth of four parts. New Spending? Given the level of U.S. debt, you’d think politicians would be spending less and seeking ways to at least slow the speed at which…
Why the U.S. Is Broke: Part Three
So why do we have so much debt? The federal budget can help answer that question. The largest items in the federal budget are Medicare and Medicaid, which account for…
Why the U.S. Is Broke: Part Two
Second of four parts. Defense Spending, Tax Reform and Debt But why are we in so much debt? Some have blamed defense spending. For example, Doug Bandlow, who served as…
Why the U.S. Is Broke
First of four parts. We should have been alarmed when the accumulated federal debt reached $1 trillion. Ronald Reagan was president then. Today, our deficit regularly exceeds $1 trillion each…
Where They Stand, Part Six: Federal Debt
What may be the most pressing issue when the pandemic ends has not even been addressed by either presidential candidate. Thanks to the pandemic and the economic lockdown it produced,…