The federal debt continues to climb to unprecedented levels, but the “actual, true” debt is higher if the Treasury weren’t being drained, a national economist says.
Citing Bureau of the Fiscal Service data, E. J. Antoni, Ph.D., an economist at the Heritage Foundation, argues that as the federal debt increases, the “true daily deficit” is being masked by the amount of cash being drained from the U.S. Treasury by Treasury Department Secretary Janet Yellen.
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Naturally, the cataract of commentary on Thursday’s Stalinist guilty, guilty, guilty verdict against Donald Trump has divided itself into two distinct pools. One is gleeful. The other is alarmed. Rather than anatomize the differences between the two, I’d like to start by simply noting the size and fervor of the response. There are, I believe, two essential points to bear in mind.
The first is that the outpouring is only incidentally about Trump. You might find this a surprising statement since the news has been full of little besides Trump.
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In his book Economics in One Lesson, Henry Hazlitt makes a famous distinction between good and bad economists:
The bad economist sees only what immediately strikes the eye; the good economist also looks beyond. The bad economist sees only the direct consequences of a proposed course; the good economist looks also at the longer and indirect consequences. The bad economist sees only what the effect of a given policy has been or will be on one particular group; the good economist inquires also what the effect of the policy will be on all groups.
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With the rise of so-called “lab-grown meat” being promoted as a “green” alternative to actual meat, federal lawmakers are beginning to follow the example set by several states as they push for restrictions on this new concoction.
As reported by the Associated Press, lab-grown meat is not yet available in grocery stores or served in restaurants anywhere in the United States. Several states, including Florida and Arizona, have already passed laws to ban the sale of such products, while Iowa has forbidden the distribution of such food in schools.
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15 percent of independents said that the New York City of conviction would make them more likely to support former President Donald Trump in 2024 election against incumbent President Joe Biden, with only 11 percent saying it would make them less likely, an NPR-Marist poll taken May 21 to May 23 shows. 74 percent said it would make no difference.
In addition, the poll had 10 percent of Republicans saying the conviction would make them less likely to vote for Trump if convicted and 7 percent of Democrats saying more likely to vote for Trump, a +3 percent advantage for Biden.
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Eighty-two percent of teachers say that the general state of public K-12 education has gotten worse over the past five years. This is according to a new Pew Research Center survey conducted in October and November of 2023. That’s not the only shocking statistic from the survey, either, which overall offers a grim statistical map of the fault lines fracturing our education system. However, these trends may offer some insight into how to fix our schools.
First, the teachers. Most teachers (77 percent) find their job frequently stressful, and a large majority (70 percent) say their school is understaffed, which may contribute to the fact that over 80 percent of teachers say they do not have enough time in the work day to complete all necessary tasks.
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Pending home sales in April fell 7.7%, according to the National Association of Realtors.
All four U.S. regions registered month-over-month and year-over-year declines.
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