Budget deficits continue to soar in Washington as the President proposes yet another tax increase. As a reminder, the Treasury Department has projected that the government will breach the debt limit around the third quarter of this year. In his latest for National Review, MI’s Brian Riedl notes that eye-watering deficits no longer generate much fanfare. He explores the implications of the latest CBO projections, including their impact on funding for Medicare and Social Security.
Issue Brief: Supply-Side Solutions to Boost Growth and Lower Inflation
Allison Schrager & Brian Riedl, Manhattan Institute
Allison Schrager & Brian Riedl, Manhattan Institute
Hemorrhaging Losses, the Fed’s Problems Are Now the Taxpayer’s
Paul H. Kupiec and Alex J. Pollock | Hill
The Federal Reserve is technically insolvent, yet due to taxpayer support, it will still issue billions in new interest-bearing liabilities. Paul H. Kupiec and Alex J. Pollock write that this deceptive tactic allows the Fed, without congressional authorization, to borrow taxpayer money to cover its losses without the borrowing or losses showing on the federal government’s ledgers. They recommend that this issue, among others, be addressed in the Fed’s next congressional appearance.
Paul H. Kupiec and Alex J. Pollock | Hill
The Federal Reserve is technically insolvent, yet due to taxpayer support, it will still issue billions in new interest-bearing liabilities. Paul H. Kupiec and Alex J. Pollock write that this deceptive tactic allows the Fed, without congressional authorization, to borrow taxpayer money to cover its losses without the borrowing or losses showing on the federal government’s ledgers. They recommend that this issue, among others, be addressed in the Fed’s next congressional appearance.
Capretta explains how both parties’ budgetary strategies are unrealistic and overlook the severity of the nation’s fiscal outlook.
Capretta and David N. Bernstein outline four additional changes to the existing price transparency rules issued by the Centers for Medicare & Medicaid Services to improve incentives for consumers to shop for services based on price.
Signs of Geopolitical Sanity at National Review
By Francis P. Sempa, RealClearDefense: “Ever since William F. Buckley, Jr. and his immediate successor John O’Sullivan left the helm at National Review, the once leading journal of conservatism has lost its way, especially in its coverage of foreign policy issues and its reflexive anti-Trumpism. Under editor Rich Lowry’s leadership, National Review . . ."
By Francis P. Sempa, RealClearDefense: “Ever since William F. Buckley, Jr. and his immediate successor John O’Sullivan left the helm at National Review, the once leading journal of conservatism has lost its way, especially in its coverage of foreign policy issues and its reflexive anti-Trumpism. Under editor Rich Lowry’s leadership, National Review . . ."
James L. Buckley at 100
Matthew Continetti | National Review
On March 9, one of the few people to have served in high positions in all three branches of the federal government will celebrate his 100th birthday.
Full Story
Matthew Continetti | National Review
On March 9, one of the few people to have served in high positions in all three branches of the federal government will celebrate his 100th birthday.
Full Story
Clausewitz’s Analysis Resonates to This Day
By Alexander S. Burns, The National Interest: “A recently translated text by Clausewitz coincidentally describes an eighteenth-century Russian war in Ukraine and Crimea, which can impart lessons for contemporary students of strategy."
By Alexander S. Burns, The National Interest: “A recently translated text by Clausewitz coincidentally describes an eighteenth-century Russian war in Ukraine and Crimea, which can impart lessons for contemporary students of strategy."
If China’s Push on Somaliland Works, Who Might Be Beijing’s Next Target?
Michael Rubin | 19fortyfive.com
The China Consensus: Do Almost Nothing
Derek Scissors | AEIdeas
A More Hawkish China Policy? Five Takeaways from the House Committee’s Inaugural Hearing on Confronting Beijing
Michael Beckley | Conversation
Michael Rubin | 19fortyfive.com
The China Consensus: Do Almost Nothing
Derek Scissors | AEIdeas
A More Hawkish China Policy? Five Takeaways from the House Committee’s Inaugural Hearing on Confronting Beijing
Michael Beckley | Conversation
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