Governments around the world are entering a new era of higher borrowing costs already deeply indebted . More revenue will go toward interest payments as old debt gets refinanced at today's higher rates. - America is already watching that dynamic play out: Annualized interest costs have reached $1.2 trillion, exceeding defense spending. What they're saying: "The government consistently rolls over portions of its debt at market prices, so the effective interest it pays on its entire debt stock slowly rises in a high-rate environment," economic researchers at Charles Schwab wrote Tuesday morning in a note titled "America's New Debt Reality." - The risk is a vicious cycle: Bigger interest bills add to deficits and borrowing needs, putting…
Governments around the world are entering a new era of higher borrowing costs already deeply indebted . More revenue will go toward interest payments as old debt gets refinanced at today's higher rates. - America is already watching that dynamic play out: Annualized interest costs have reached $1.2 trillion, exceeding defense spending. What they're saying: "The government consistently rolls over portions of its debt at market prices, so the effective interest it pays on its entire debt stock slowly rises in a high-rate environment," economic researchers at Charles Schwab wrote Tuesday morning in a note titled "America's New Debt Reality." - The risk is a vicious cycle: Bigger interest bills add to deficits and borrowing needs, putting…Open
Former Reagan economic adviser Art Laffer reacts to Zohran Mamdani’s rent-control policies and what could happen if other major U.S. cities follow suit on ‘Varney & Co.’ 00:03 – Why Rent Control and Rent Freezes Don’t Work 01:06 – New York vs. Tennessee on Economic Policy 01:39 – Ending the “Inflation Tax” on Capital Gains 02:27 – Inflation, Wages, and the Affordability Debate 02:56 – Why Republicans Struggle to Sell Their Economic Message
Nigel Farage's Reform UK party has announced a new policy proposal to prioritize British citizens in the welfare system, addressing concerns about the sustainability of the nation's fraying social contract.
Nigel Farage’s Reform UK party has announced a new policy proposal to prioritize British citizens in the welfare system, addressing concerns about the sustainability of the nation’s fraying social contract. PULSE POINTS WHAT HAPPENED: Reform UK has unveiled a policy proposal to limit welfare payments, such as Universal Credit and housing benefits, to British citizens only. The plan aims to re-establish the principle of national solidarity in the welfare state, which has been undermined as a result of foreigners whose families have never paid into the system reaping increasingly large rewards from it. DETAIL: Currently, over 1.3 million foreign nationals claim Universal Credit, accounting for nearly one in six welfare recipients in…Open
Rep. Mike Collins (R-GA), the GOP candidate for Georgia's U.S. Senate seat, responded in the affirmative at a campaign event on August 11 when asked if he would support compensation for alleged victims of government weaponization. #Jan6 #Weaponization #MikeCollins
