The United States has officially reached its statutory debt limit (pdf) of $31.381 trillion on Jan. 19 as was predicted by Treasury Secretary Janet Yellen in a letter to Congress (pdf) on Jan. 13. The Treasury Department will now have to implement extraordinary measures to prevent default on the national debt. In her letter, Yellen explained that…
US Reaches Debt Ceiling, Forcing Treasury Into ‘Extraordinary Measures’
Former Obama Economic Advisor Doubts a Recession Would Cure Inflation
There is rising concern in Washington that interest rate hikes by the Federal Reserve will spark a recession in the United States within the next year. However, some are saying that even a recession caused by the actions of the central bank may not be enough to curtail inflation. The former chair of former President…
Progressive, Socialist Policies Are Destructive, Have Never Brought Prosperity: Economist Robert Genetski
February 25, 2022
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After years of data accumulation and analysis, top U.S. economist Robert Genetski found that progressive or socialist policies are destructive and can only bring America away from prosperity. He also said the Biden administration’s economic policies are “absolutely” progressive or socialist. Genetski is “one of the nation’s premier interest rate forecasters,” according to the Heartland…
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