The Steep Costs of “Buy American”

Derek Thompson at The Atlantic (h/t Jacob Smagula): [A “Buy American” policy] typically raises costs. The U.S. should be concerned about building more and building faster. To take one example: A disgraceful new report on New York’s Metropolitan Transit...

Tim Scott on Radio

Yesterday, U.S. Senator Tim Scott (R-S.C.) joined Sandra Smith on “America Reports” to discuss the devastating lack of leadership from the White House that has resulted in economic decline and threats from our adversaries. The Senator also encouraged the American...

Chinese Debt Bomb is Ticking

Minxin Pei at Nikkei Asia: Ever since China began to binge on debt to fuel its growth in 2009, many have wondered how long the party could go on. To the chagrin of many bearish observers, predictions of a financial crisis have not panned out. Today, China’s...

Why Debt Matters

 Desmond Lachman at Inside Sources: The major problem with a high public debt level is that it saddles the government with large future interest payment obligations. That leaves little room for other public expenditures and makes it difficult for the government to...

Debt: $30 Trillion

Matt Egan at CNN: America’s national debt just hit another sobering milestone. Total public debt outstanding is now above $30 trillion, according to Treasury Department data published Tuesday. Government borrowing accelerated during the Covid-19 pandemic...