โข
Even if the government hits the tax revenue jackpot, itโs naรฏve to assume lawmakers would pay down the debt.
โข
Years of structural deficits have eroded the fiscal capacity needed to confront geopolitical threats. Overspending threatens our security.
โข
Minor adjustments cannot fix a pay-as-you-go system strained by demographic reality. Restoring solvency demands structural changes that emphasize ownership.
Rising costs, reduced mobility, and policy uncertainty may explain why households feel squeezed even when headline growth is good.
โข
Within a decade,โฏevery dollarโฏcollected in revenue will be spent on health care, Social Security, and interest on existing debt.
As debt-service costs surge, deficits pressure the Fed in ways that threaten long-term price stability. Pandemic stimulus has given way to structural imbalance.
โข
The program was meant to prevent old-age poverty. To achieve that, the fortunate will have to give up what (they were told) was theirs to keep.
โข
The dollar is being treated as a pressure-release mechanism for US debt โ and markets are responding by demanding protection against intentional depreciation.
The old fiscal conservative mantraโthat cutting taxes restrains governmentโhas failed the test of time. When spending continues on borrowed funds, itโs not the beast that starves, but future taxpayers.
โข
Argentine voters handed Javier Milei a decisive win, rewarding his radical fiscal reforms. Now, the challenge shifts from crisis management to structural overhaul.
โข
Even if the government hits the tax revenue jackpot, itโs naรฏve to assume lawmakers would pay down the debt.
โข
Years of structural deficits have eroded the fiscal capacity needed to confront geopolitical threats. Overspending threatens our security.
โข
Minor adjustments cannot fix a pay-as-you-go system strained by demographic reality. Restoring solvency demands structural changes that emphasize ownership.
Rising costs, reduced mobility, and policy uncertainty may explain why households feel squeezed even when headline growth is good.
โข
Within a decade,โฏevery dollarโฏcollected in revenue will be spent on health care, Social Security, and interest on existing debt.
As debt-service costs surge, deficits pressure the Fed in ways that threaten long-term price stability. Pandemic stimulus has given way to structural imbalance.
โข
The program was meant to prevent old-age poverty. To achieve that, the fortunate will have to give up what (they were told) was theirs to keep.
โข
The dollar is being treated as a pressure-release mechanism for US debt โ and markets are responding by demanding protection against intentional depreciation.
The old fiscal conservative mantraโthat cutting taxes restrains governmentโhas failed the test of time. When spending continues on borrowed funds, itโs not the beast that starves, but future taxpayers.
โข
Argentine voters handed Javier Milei a decisive win, rewarding his radical fiscal reforms. Now, the challenge shifts from crisis management to structural overhaul.
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