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.
The Continuing Failure of Government-Run Healthcare in the United Kingdom
Socialism produces predictably bad results.
National Sales Tax Update: Test Vote for the Fair Tax
Fundamental tax reform is back on the agenda.
Fiscal Follies: Texas vs. California, Part VIII
What were the consequences of California’s grotesque spending binge?
Addressing IRS Dysfunction
The IRS doesn’t need more money and power. It needs a better tax code to enforce.
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.