Yesterday I testified at the Committee on the Budget of the House of Representative. John Yarmuth chaired, and Steve Womack was the ranking member. The Committee titled the hearing “Reexamining the Economic Costs of Debt,” which was quite different from the title “Why Congress Must Balance the Budget” of a hearing of the same House Committee at which I testified only a few years ago in 2015.
If Germany is the heart of Europe, then it is currently the slow-beating heart of a well-fed businessman resting on his office couch after an ample lunch. For Europe’s sake, and for Germany’s own, that heart needs to beat a little faster.
By 2049, we're on pace to have a $94.6 trillion federal debt that exceeds 140% of the nation’s GDP. As a share of the economy, federal spending will be close to 28% and annual deficits will exceed 8%. Can you balance the budget and save us from the debt crisis? Get ready to make some hard trade-offs.
Three years after outsider Donald Trump blew up the political world with his implausible victory over the consummate insider, Hillary Clinton, many establishment Republicans still don’t get it. From their elite cocoon, they continue to indulge the hauteur that put off ordinary voters who had grown tired of a fossilized political class that serially ignored their interests.
Anyone who has visited India for longer than a few days is likely familiar with jugaad, a Hindi word that describes a workaround solution to a problem, often a clumsy fix that cuts corners or bends rules. The closest English equivalents are “hack” and “kludge,” methods employed when conventional solutions are costly, arduous or impossible.
Data exclusive to Vanity Fair shows impeachment could be a losing issue for Democrats hoping to recruit Independents in 2020. “Lots of people who don’t like Trump who are still prepared to vote for him,” says one political science expert.