Posts tagged Federal Spending
The Cost of Debt

“Only recently having left the world of mask mandates, vaccines, work at home orders, and increased prices, the state of the dollar must be preserved in an already weakened economy. With inflation the highest in over forty years, having been capped in July at 9.1%, additive changes such as loan forgiveness will seek to halt its decline back to the recommended 2%.”

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The Perpetual Allure of Space

“Carl Sagan wrote in his 1980 bestseller Cosmos, “The Cosmos is all that is or was or ever will be. Our feeblest contemplations of the Cosmos stir us — there is a tingling in the spine, a catch in the voice, a faint sensation, as if a distant memory, of falling from a height. We know we are approaching the greatest of mysteries.” Since then, and indeed well before, humans have been captivated by the allure of space. We learn about Galileo, Newton, Kepler, and Copernicus in school. We see this fascination nearly every day reflected in the news, movies, television shows, books, and games. With new advances in science and technology, the space programs of SpaceX and Blue Origin, and the advent of the U.S. Space Force, the perpetual allure of space in the minds of humans continues.”

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North Carolina to Receive Billions of Dollars from Biden’s Infrastructure Bill

“With President Biden set to sign the bill in coming weeks, Democrats are already looking forward to projects that might benefit from the bill’s funding. One potential area of spending could be improving the 1,100 bridges across the state that the North Carolina Department of Transportation deems as being in poor condition; another might be providing broadband access to the over 400,000 North Carolinians that do not have it already.”

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Government Shutdown Avoided… But Another Fiscal Crisis Looms

“Breaching the debt ceiling will result in the U.S. government defaulting on debt payments. Treasury Secretary Janet Yellen stated that the government would run out of funds on October 18th. An economic crisis would certainly be born if the U.S. failed to meet its debt obligations for the first time in history. As it stands now, it is unknown if the ceiling will be raised or not.”

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Congressional Democrats Race Against the Clock to Pass Massive Expansion of Nation’s Social Safety Net

“Racing towards a self-imposed September 27th deadline of passage, Democrats in Congress are fighting tooth and nail to pass the largest expansion of the United State’s social safety net since the New Deal. The bill, with a whopping $3.5 trillion price tag, has caused divisions within the Democratic Party and has staunch opposition from Republicans in Congress — meaning the reconciliation process is likely the only path forward.”

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