The US Government’s Really Big Debt Problem
An insight of supply-side economists is that, since cutting taxes incentivizes people to work and invest, government can increase revenue by cutting taxes.
An insight of supply-side economists is that, since cutting taxes incentivizes people to work and invest, government can increase revenue by cutting taxes.
According to the latest “Monthly Treasury Statement,” revenues in FY 2026 came in at just over $5.4 trillion while spending was just under $7.4 trillion, leaving a deficit of $1.992 trillion.
Justices rejected Mohammed’s bid to reinstate a plea agreement that allowed him and two co-defendants who helped plot the attack to avoid the death penalty.
If weekly pay stays the same while the maximum workweek shrinks, the effective hourly cost of labor rises mechanically, with no corresponding rise in worker productivity.
Adida boasted of the company’s VVSG (Voluntary Voting System Guidelines) 2.0 certification, something that sets it ahead in the election industry.
Ballot measures in Alaska, Arkansas, Colorado, Kansas, South Dakota, and West Virginia would ban noncitizen voting.
Starting next month, users will be prohibited from “sustained and needless cruel and abusive behavior” toward Anthropic’s AI chatbot, Claude.
According to progressives, the rationale behind vesting this power in the federal courts, through the Reconstruction amendments, was that States in the South could not be relied upon to support the civil rights revolution launched by the Republicans in 1865.
Historically, the solution has often been the state’s monopoly on the use of physical force. Through mandatory taxation, everyone is forced to contribute. The lighthouse is an example frequently used in socio-economic literature.
To be precise, the federal deficit for the 2026 fiscal year, which ended on September 30, is $1.99 trillion.
This led Rothbard to criticize him. He was asked by the Volker Fund to comment on Hayek’s The Constitution of Liberty, and he recommended against its publication.
While Leggett’s thoughts and writings are interesting on several levels, this article seeks to present and appreciate a sample—and it is only a sample—of his economic insights.
The AfD, like most populist radical right parties (PRRPs) in Europe, respects the existing constitutional order and democratic rules. Yet, mainstream political parties instituted a “firewall” to isolate it from normal alliances and coalitions.
A 2012 critique by economist David Albouy showed that figures for some countries were simply borrowed from other countries, and a later Nobel Committee report called them sketchy.
Justice Samuel Alito noted that Congress “enacted a law that is based on the technology of the 1980s, and you can see this in every provision of this, in the title, ‘wrongful disclosure of videotape rental, for sale, or sale records.’”
The full-year estimates call for $2.63 trillion in individual income taxes and $399 billion from corporations.