Virtually alone among major world economies, the United States has a debt ceiling which limits how much money the government can borrow to pay the bills it has already incurred. From the time Congress created the debt limit in 1917 to simply the massive borrowing need to fund the U.S effort in World War I […]

In much the same way that the sun rises in the east and sets in the west, Mitt Romney regularly appears to offer himself as the elder statesman the United States needs to lead the nation out of troubled times. The failed 2012 GOP White House hopeful and current Utah Senator is it at again, […]

It’s amazing how America’s national security landscape changed in just four years. With the Islamic State on the ropes after the fall of Mosul, in February 2017 defense expert Andrew Exum proclaimed, “Donald Trump will defeat ISIS and it will mostly be due to the work of his predecessor.” But with Trump’s successor just weeks […]

Furious over the Dow’s 1,900 point plunge over the past three days, President Trump held a press conference Wednesday to try to calm markets. Echoing the comments of his National Economic Council Director Larry Kudlow that “we have contained” Coronavirus and the American economy is “holding up nicely,” Trump declared the pandemic risk to Americans is “very low” because […]

With the unemployment rate still at 3.7% and GDP growth at 2.0%, the American economy remains solid, if not spectacular. But with more warning lights flashing yellow, Team Trump is growing more concerned about the direction of the so-called best economy ever just as the 2020 election heats up. The president and his advisers have […]

As Donald Trump's bragging about the economy reached a crescendo last fall, former Obama White House communications director Jen Psaki provided a helpful reality check for the American people. "A buffoon could have kept the recovery going," Psaki explained, "and in fact one has so far." That Trump had inherited an Obama boom, an expansion […]

The United States was the world's lone "hyperpower" when President George W. Bush launched his disastrous and unnecessary war with Iraq in 2003. An economic and military hegemon unchallenged by any single enemy or collection of rivals, the U.S. could and did act with impunity in swiftly toppling Saddam Hussein's regime in Baghdad. But even […]

As 2018 draws to a close, there is growing concern about what the next year will bring for the American economy. President Trump's twin self-inflicted wounds of an ongoing trade war with China and a needless government shutdown helped send stock markets into a December panic. The expanding global economy, too, shows signs of a […]

During the 2012 presidential campaign, Republican nominee Mitt Romney made a not-so-bold promise about the stewardship he would provide for the American economy. "I can tell you," he guaranteed, "after a period of four years, by virtue of the policies we'd put in place, we'd get the unemployment rate down to 6 percent--perhaps a little […]

Like a recurring biblical plague, they descend across the country. Despite the repeated warnings from both experts and lay persons of good faith and common sense, the media and tens of millions of people are nevertheless still shocked by their arrival. As predicted, they devastate everything in their path, leaving a swath of destruction in […]