Opinion: With Deficits Piling Up, a Massive Debt Crisis Looms
The federal deficit will top $900B, which is more than 4% of the country’s GDP, and will surpass $1T in 2022.
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Author: JT Crowe
Janet Yellen Is ‘Not a Fan’ of MMT; Proponents ‘Confused’
Yellen: “That’s a very wrong-minded theory because that’s how you get hyper-inflation.”
New Jersey Lawmakers Near Vote on Recreational Cannabis
New Jersey would join the D.C. and 10 other states with legalized recreational use for adults if the vote succeeds.
41% of New Yorkers Can’t Afford to Live There Anymore
“I am definitely not going to be here five years from now. I will probably move to Florida or Texas … .”
Breaking the (Central) Bank: Budget Deficits, Interest Payments Soar to Record Highs
The federal government is on pace to spend $591 billion on the debt’s interest alone this year.
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