We Don’t Really Need a “Debt Ceiling”

by | Jul 25, 2021 | Audio/Video, Current Events, Federal Funding, Maharrey Minute

Brace yourself. We’re in for another “debt ceiling” battle on Capitol Hill. But we don’t even really need a borrowing ceiling. There’s one built into the Constitution. It’s the enumerated powers. They would naturally limit borrowing...
Some Things Never Change

Some Things Never Change

by | Jul 22, 2021 | Debt, Federal Funding

This month we have a variation on a theme – the U.S. government spends more money than it has and runs up another massive budget deficit. Some things never change. In June, the US government ran another big deficit of $174.16 billion, continuing the trend of...

The US Spending Problem Is Not Transitory

by | Jul 18, 2021 | Audio/Video, Debt, Maharrey Minute

There is an ongoing debate about whether high inflation is “transitory” or rising prices are going to be more long-term and persistent. One thing for sure, the US government spending problem isn’t transitory. And that has pretty significant...

Economic Myth-Making By Politicians

by | Jun 28, 2021 | Audio/Video, Debt, Maharrey Minute

Politicians often claim that we don’t have to worry about the national debt because “we can grow our way out of it.” This is economic myth-making. Politicians tell us we can keep borrowing and spending and the #nationaldebt will just go away....