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SEPTEMBER 03, 2025
[How to fix the Pentagon’s budget problems]
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HOW TO FIX THE PENTAGON’S BUDGET PROBLEMS
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Each year, Americans are passengers on the same political train wreck.
Instead of Congress doing its main job of passing annual budgets, we
get incremental, temporary extensions of what we are already doing.
Called continuing resolutions, these funding stopgaps put us on
autopilot, wasting an average of four months and 8% of our buying
power every year. […]
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[Trump buys Intel but sells out free enterprise]
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TRUMP BUYS INTEL BUT SELLS OUT FREE ENTERPRISE
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In 2008, the tea party was born in opposition to Washington’s
bailout of Wall Street. Those bailouts were sold as one-time responses
to an emergency, yet they became a blueprint for deeper federal
entanglement in private markets. Now, less than two decades later and
with no crisis underway, the Trump administration is not only bailing
[…]
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[Close stablecoin loophole to protect families]
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CLOSE STABLECOIN LOOPHOLE TO PROTECT FAMILIES
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As someone who represented New York in Congress and worked closely
with both Main Street and Wall Street, I know firsthand how important
it is to balance innovation with responsibility. New York is home to
the world’s financial capital, and decisions about how we regulate
digital assets have ripple effects that go far beyond Wall […]
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[Don’t put your faith in macroeconomic statistics]
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DON’T PUT YOUR FAITH IN MACROECONOMIC STATISTICS
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How did Nigeria’s economy grow 30%? It did on paper, and to
government agencies, that’s what counts. Nigeria recently
revised its method for calculating GDP, which revealed a presumably
uncaptured 30% increase in the size of its economy. A 30% increase in
GDP, based on a model that was updated only a decade ago, is
extraordinarily large. […]
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