To date, the US has committed about $114 billion in Ukraine‐related emergency funding, equivalent to the combined 2023 budget for the Department of Homeland Security and NASA.
From the Downsizing Blog
The Threat of Fiscal Dominance: Will the US Resort to Money‐Printing to Finance the Rising Debt Challenge?
With Congress currently unwilling to seriously address the entitlement spending problem that’s driving the US toward a fiscal cliff, it’s worth evaluating the possibility of more frequent episodes of fiscal dominance and their consequences.
Medicare and Social Security Are Responsible for 100 Percent of US Unfunded Obligations
Over the next 75 years, US taxpayers face over $73 trillion in long‐term unfunded obligations. What’s more, this unfunded obligation is entirely driven by only two federal government programs: Medicare and Social Security.
Biden’s Phony Deficit Reduction
President Biden’s new federal budget proposes high spending and huge deficits for years to come.
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