by Daniel White | Jan 20, 2025 | Economy
January 20, 2025 Political types of all stripes love to condemn government waste, fraud, and abuse. That’s easy – who opposes it? The problem is when you get specific. Someone argues this agency or that program should be cut, and disagreement ensues. It’s not always...
by Daniel White | Jan 13, 2025 | Economy
January 13, 2025 The U.S. budget deficit soared to $258 billion in October. It was one of the biggest monthly deficits on record. Debt as a percentage of economic output (gross domestic product) has increased to 121%. That means we spend $1.21 for every $1 of economic...
by Daniel White | Jan 6, 2025 | Economy
January 6, 2025 Our governmental debt is getting so big that I don’t think we’ll be able to grow our way out of this situation. While economic growth as a sole solution to our debt problem always seemed like a long shot, it’s now as if growth won’t be able to do much...
by Daniel White | Dec 30, 2024 | Economy
December 30, 2024 Uncertainty stems from the simple fact that change is hard. Everything President Trump wants to do in the next four years will face powerful opposing forces – and not always Democrats. That will include fixing our debt problem, which in my view is...
by Daniel White | Dec 23, 2024 | Economy
December 23, 2024 Inflation is far from dead. And that should give people – especially frothy stock investors – some motivation to back away from their exuberance. The October consumer price index’s 2.6% monthly increase is up from the prior month’s rate. Also, core...
