The Republican majority in the United States House of Representatives is now planning to vote on a stopgap spending bill that will not include a critical election integrity measure that conservatives have been desperately trying to pass.
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Based on data from a U.S. Treasury report, the federal government has amassed $142 trillion in debts, liabilities, and unfunded obligations. This staggering figure equals 93% of all the wealth Americans have accumulated since the nation’s founding, estimated by the Federal Reserve to be $152 trillion.
Unlike other measures of federal red ink that cover an arbitrary period, extend into the infinite future, or ignore government resources, the figure of $142 trillion applies strictly to Americans who are alive right now and includes the government’s commercial assets. Thus, it quantifies the financial burden that today’s Americans are leaving to their children and future generations.
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The Federal Reserve announced on Wednesday that it will not yet cut its benchmark federal funds rate in what is predicted to be the last in a streak of pauses as inflation and debt continues to cripple Americans.
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The recent Health Equity Report by BlueCross BlueShield of Tennessee offers a glimpse into the health challenges faced by Tennesseans. Among many concerning statistics, one stands out: 100 people are diagnosed with cancer in the state every day.
Sadly, the financial toll of chronic illnesses like cancer is staggering. It can saddle seniors, families and patients across Tennessee with decades of debt. Nationwide, 23 million Americans are confronting the burdensome reality of medical debt, which can wreck credit scores, send seniors to debt collections, and thwart patients from getting the timely, quality care they need.
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“We can bear neither our diseases nor their remedies.”
So shrugged the ancient historian Livy (59 B.C.- A.D. 17) of the long decline of Roman national character that, in his age, finally ended the Roman Republic.
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More and more women are fearlessly declaring their desire to live more traditionally—to get married, have children, and create a family. Women all over the globe are waking up to the lie that we can “have it all.”
Of course, it takes work, planning, and cooperation to build a healthy marriage and a happy family. Many women might be deep into modern life before they realize it is not as fulfilling as advertised. But we can all change our path and learn to live out our values, no matter when we decide to change. Let’s discuss real, practical strategies for women who are looking to embrace traditional marriage and build a healthy family.
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The U.S. government and those of other countries could be using higher inflation to lessen the value of growing public debt resulting from increased spending during the COVID-19 pandemic, according to a new analysis by a Harvard economist working with The Heritage Foundation.
The study covers government spending from 2020 through 2022, the high point of the pandemic, and looked at the U.S. and 20 other economies in the Organization for Economic Cooperation and Development, or OECD.
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