Debt

President Joe Biden’s recent budget for fiscal year 2024 comes with a glaring contradiction hiding in plain sight. To wit, the policies pursued by “Middle Class Joe” — a sobriquet that The Washington Post notes Biden bestowed upon himself —…

WASHINGTON—Awake until the wee hours of the morning carefully crafting the policy, Education Secretary Miguel Cardona’s mother was forced to stay up all night devising a plan to combat student debt, sources reported Thursday. “Wait, you…

WASHINGTON—In the wake of the collapse of Silicon Valley Bank and subsequent government bailout of its depositors, the Federal Reserve took steps Friday to assure venture capitalists that they’re very smart and important. “You are just the…

NEW YORK—Calling it a desirable low-risk, high-yield option, financial experts reportedly recommended Thursday that Americans invest in businesses the government will bail out anytime they fuck up. “We strongly encourage people to put their…

The highest court in our country heard oral arguments last week on President Joe Biden’s multibillion-dollar initiative that would erase student loans, and many are surprised what side of the argument I, a 22-year-old recent college…

On Wednesday, the Congressional Budget Office (CBO) released its annual analysis of the budget and economic outlook over the coming decade. For anyone with a realistic sense of budgets and fiscal responsibility (i.e., not most Democrats),…

SAN ANTONIO—Saying a series of fiscally irresponsible decisions had led to the local 10-year-old’s present insolvency, top financial analysts stated Tuesday that debt-ridden fourth-grader Daniel Brown should have stopped himself from…

HAMILTON – Local 31-year-old Madison Clair, a newly licensed veterinarian who currently owes a combined total of $118,846 in federal and provincial student loans, reports that her greatest dream is to someday owe at least six times that…

Workers shovel snow from the steps of the U.S. Capitol in Washington, D.C, December 16, 2020. (Erin Scott/Reuters) The U.S. national debt hit and exceeded $30 trillion for the first time in the country’s history Tuesday, Treasury…

Senate Majority Leader Chuck Schumer (D., N.Y.) looks down the hall after speaking to reporters at the Capitol in Washington, D.C., July 20, 2021. (Elizabeth Frantz/Reuters) Whether the statutory limit on federal debt serves any useful…