by jpitney | Mar 9, 2023 | Economic Policy, Trade
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...
by jpitney | Feb 16, 2023 | Biden, Economic Policy
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...
by jpitney | Jul 17, 2022 | China, Debt, Economic Policy
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...
by jpitney | Feb 17, 2022 | Debt, Economic Policy
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...
by jpitney | Feb 2, 2022 | Debt, Economic Policy
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...
by jpitney | Dec 28, 2021 | Budget, Congress, Economic Policy, House of Representatives
Nan Swift at R street Institute: The House Select Committee on the Modernization of Congress (SCOMC) closed out the first session of the 117th Congress strong, advancing a second set of congressional reform recommendations. This tranche of recommendations is aimed at...
