But this is pure melodrama, badly overacted with the outcome already known. The real question is about our priorities – and about who gets the gold and who gets the shaft.
On the debt ceiling, President Biden says he won’t negotiate over raising it. House Speaker Kevin McCarthy says Republicans won’t raise it without negotiations. This is like teenagers playing chicken in cars racing toward each other – only in this case--a crash would blow up the world economy. That can’t happen – and so it won’t. The United States will pay the debts it owes. Our full faith and credit will not be trashed.
That will still leave the question about our priorities and the national budget. Who pays, and who benefits? Here – beneath the posturing – is the real deal. Here’s a handy guide to what’s in the deck.
First on our annual deficits. The best solution to the deficit is economic growth. When the economy grows, more people get jobs and raises. As wages and profits rise, the government collects more in taxes and pays out less in support – on everything from unemployment insurance to welfare to food stamps. Deficits come down.
This story is from the {{IssueName}} edition of {{MagazineName}}.
Start your 7-day Magzter GOLD free trial to access thousands of curated premium stories, and 9,000+ magazines and newspapers.
Already a subscriber ? Sign In
This story is from the {{IssueName}} edition of {{MagazineName}}.
Start your 7-day Magzter GOLD free trial to access thousands of curated premium stories, and 9,000+ magazines and newspapers.
Already a subscriber? Sign In
Evans: Much of GOP Agenda is Unpopular and We'll Fight It
He doesn't think people voted for higher prices or denial of healthcare.
How to root out Trumpism
So many of you have asked me how one of the most loathsome people in America was just reelected president that I thought you might find it helpful if I shared with you some personal history.
Kraft Heinz stops serving school-designed Lunchables because of low demand
At the time, Kraft Heinz said the offerings were protein-enriched and contained reduced levels of saturated fat and levels of saturated fat and sodium to meet the requirements of the national free and reduced-price school lunch program.
Independence Blue Cross invites members to join free in-person and virtual events to learn more about Medicare
Independence Blue Cross (IBX) is holding free events and online webinars to help existing members learn more about Medicare.
In honor of Veterans Day and our troops "God's Military Force"
Since the beginning of time, whenever man established a nation, country, or kingdom, he also developed a Military Force to protect that kingdom from enemies and, if necessary, back that Government in enforcing its law.
Phila. Water Dept.highlights conservation tips under drought watch
The Philadelphia Water Department supports the Pennsylvania Department of Environmental Protection’s (PADEP) call for reduced water use by residents in Philadelphia and 35 additional counties.
SEPTA announces major fare increase proposal for Jan.1
With no prospect of a statewide solution to help fund the everyday operating expenses of public transportation systems, SEPTA announced a new fare increase proposal that would see rates jump by more than 20% across all modes and methods of payment.
At an art festival in Dakar, artists from both sides of the Atlantic examine the legacy of slavery
A whirlwind of color and art at the opening of this year's Dakar Biennale of Contemporary African Art in the Senegalese capital stood in stark contrast to the serious topic of slavery featuring in the artworks of guest artists from the United States.
The torch is passed: from MAGA throwbacks to America's future
Joe Biden didn't just pass the torch to another generation. He passed it from white MAGA men to America's future.
Blood tests for Alzheimer's may be coming to your doctor's office. Here's what to know
New blood tests could help doctors diagnose Alzheimer's disease faster and more accurately, researchers reported Sunday but some appear to work far better than others.