Congress Has Bankrupted America’s Future

Congress Has Bankrupted America’s Future

The federal government spends the equivalent of about $90,000 per U.S. household per year—yet many Americans don’t see the benefits. Medicare and Medicaid, Social Security and tax subsidies (primarily for wealthy households) swallow up the lion’s share of the federal budget every year, along with interest on the national debt.  All of this automatic spending means no room in the federal budget for investments in America’s future, argues budget e…

Ian Bremmer on BizNews: America’s future is being sacrificed for short-term wins

US shows strong short-term growth under Trump, but immigration limits, trade policies, and weakened research threaten future competitiveness.

America’s Future Is Being Sacrificed for Short-Term “Wins”

By Ian Bremmer – Project Syndicate Most countries are prepared to give Trump wins (some pyrrhic, some significant) to avoid open conflict. But the same countries are also working to ensure that they never find themselves in this position again. The EU has finalized trade agreements with Mercosur, Mexico, and Indonesia. Brazil is deepening economic ties with Europe, China, and Canada. India is working to stabilize relations with China while accel…