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 | Jun 5, 2023 | Economy
June 5, 2023 The U.S. exceeded the current debt ceiling in January. Since then, “extraordinary measures” have been authorized to pay the bills, but they’re supposed to run out this month. That could mean default. The outcome is predictable. Democrats and Republicans...
by Daniel White | Feb 13, 2023 | Economy
February 13, 2023 Personal finance company NerdWallet did a study on American household debt and credit card use. The results are a bit somber. For 2022, NerdWallet found the average American household has outstanding debt of $165,388. That’s up 7.65% from 2021 and a...
by Daniel White | Feb 6, 2023 | Economy
February 6, 2023 The U.S. debt ceiling is the maximum amount of money the government can borrow via issuing bonds. It is intended to maintain fiscally responsibility. But as it is today, the debt ceiling makes little sense. See, the government already hit the ceiling...
by Daniel White | Oct 24, 2022 | Economy
October 24, 2022 We see a lot of comparisons between what’s happening today and what occurred in the 1970s because it was the last time consumer price inflation was anywhere near this high. But unless you were around (and probably driving) back then, it might go...
