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Former governor and UN ambassador Nikki Haley (R-SC) suggested doing away with the federal gas tax in order to bring down fuel prices for customers during the most recent Republican primary debate.

Central bankers and supporters of monetary growth are to blame for the fact that even high-income families are taking on record amounts of credit card debt in order to make ends meet.

Words have meaning, and definitions can become ambiguous and 'slippery.' Language naturally evolves as words change over time, but frequently a key meaning is lost and there is no longer a single term to define a notion. This has been the case with the term 'inflation,' a prevalent one.

In the president's plan, there are new and higher taxes on employers, investments, and pay, as well as higher taxes on employers.

I stated a few weeks ago that whether or not the Supreme Court agreed, the Biden administration would use the new SAVE plan to enact student loan forgiveness. The administration has since released information highlighting how the SAVE plan offers even more lenient forgiving terms.

Since trade-offs are a part of every aspect of existence, economics is really the study of daily life.

Discretionary spending was restricted for 2024 and 2025 as part of the most recent debt ceiling agreement. However, House conservatives are pushing for deeper cuts and more reforms in appropriations legislation for the coming fiscal year (2024). According to Kay Granger, the chair of the House Appropriations Committee, 'the debt ceiling bill set a ceiling, not a floor' for spending in 2024.

In June, the European Commission suggested a new source of revenue as part of its second basket of own resources: a 'temporary statistical own resource based on company profits.' This is an effort to help the EU's budget while it pays off its debt. Previous ideas for new EU own resources have focused on narrower tax bases, such as a financial transaction tax (FTT), digital levies (DSTs), or taxes on crypto activities.

Uncovering the underlying reasons of America's debt crisis.