There’s plenty of money to pay interest on the debt. There would only be a default if Joe Biden or Janet Yellen (the Treasury Secretary) deliberately chose not to prioritize.
Daily Analysis
Donald Trump Supports Massive Tax Increases on Middle-Class Americans
Opposing any and all entitlement reform will guarantee eventual tax increases.
Long-Run Policy Lessons from the Coronavirus Pandemic, Part II
New research shows that supposed preparedness made little difference.
Macron’s Pension Reform Is Necessary (but Inadequate)
Macron wants reforms to the country’s pay-as-you-go pension system.
Washington’s Fake Spending Cut Charade
Misleading rhetoric again clouds budget debates.
Fiscal Follies: Texas vs. California, Part VIII
What were the consequences of California’s grotesque spending binge?
The Solution to Maine’s Fiscal Problems – and a Lesson for the Entire Nation
Governments at all levels have a hard time complying with fiscal policy’s Golden Rule.
Another Bureaucratic Attack on Lifestyle Quality (and Freedom of Choice)
The nanny-state crowd targets gas stoves.
Chicago’s Downward Spiral
Why are businesses escaping?
Control the Burden of Government Spending
This is the real problem.