How to fix the Pentagon’s budget problems

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September 03, 2025

How to fix the Pentagon’s budget problems

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. […]

Trump buys Intel but sells out free enterprise

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 […]

Close stablecoin loophole to protect families

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 […]

Don’t put your faith in macroeconomic statistics

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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