"If lawmakers changed current laws to maintain certain major policies now in place [...] then debt held by the public would increase even more, reaching 219 percent of GDP by 2049."
If Russia were to enter a long term expensive military conflict it could possibly sink the entire economy or eliminate for generations Moscow’s debt free status. Sending officially invited advisors and selling top-notch equipment – has no negative long term effects. Trump isn’t the only one who sees the value into playing geopolitics on a strict budget.
Other traditionally deeply Christian nations like Spain, Portugal, Italy and Ireland need to jump on board too and follow Hungary’s bold lead. The parties that still –laughingly – dare to call themselves Christian Democrats in the European parliaments need to throw their cowardly and contemptible “me-too” open borders liberalism and cultural appeasement overboard at long last too.
The structural tax cuts would replace the Low-Middle Income Tax Offset (LMITO), which does nothing to improve economic efficiency, and will cost the budget about 10% more than expected. Further, all future federal governments should follow the lead of the UK Treasury in using dynamic tax analysis to give accurate information on economic efficiency and revenue estimates.
Beyond the simple fact that a tax on meat would be yet another example of government overreach, there are other problems with a meat tax. It is also based on a subjective and dubious interpretation of the effects of meat on both the environment and on personal health. Such a tax would, like existing taxes on sugar and tobacco products, disproportionately impact the poorest Americans.
We are in the process of committing national financial suicide, and most Americans don’t seem to care. As you will see below, the federal budget deficit for the fiscal year that ended on September 30th was the largest in 7 years. In fact, it was actually 26 percent larger than last year. Federal spending is wildly out of control, and “non-discretionary spending” is projected to go through the roof in the years ahead. Under our current system, it is literally going to be impossible to turn things around. As the Baby Boomers continue to retire, the amount of resources demanded…
The repo market provides a means for banks that are temporarily short of cash to obtain short-term (usually one day) loans from other banks. The Fed’s interventions were a response to a sudden cash shortage that caused interest rates for these short-term loans to climb to 10 percent, far above the Fed’s target rate.
The American Empire—with its endless wars waged by U.S. military servicepeople who have been reduced to little more than guns for hire: outsourced, stretched too thin, and deployed to far-flung places to police the globe—is approaching a breaking point.
In April 2017 the Christian Institute received a response to a Freedom of Information request about the percentage of BBC staff who are LGBT. It was revealed that 11.5% of BBC bosses and 10.6% of BBC staff identified as LGBT, compared to only 1.7% of the UK population.
The claim that Boris Johnson wasn’t elected by popular mandate so completely misunderstands the fundamental structure of the British political system that one has to wonder whether those who promulgate it would, or even should, pass the Home Office’s tests for citizenship.
The mental gymnastics displayed by some people in order to blame school choice for Australia’s education woes never cease to amaze. A recent OECD report on school choice and equity indicated Australia has one of the most ‘segregated’ school systems in the OECD. This just means schools tend to have less diversity of student socioeconomic background — not that they are practising apartheid. And if we look at education equity in terms of what actually matters — the effect student socioeconomic background has on achievement — then Australia’s equity is actually slightly better than the OECD average. So finger-wagging at selective and…