by Larry Diamond via The American Interest
We are at a tipping point. Around the world, many democracies are hanging by a thread and autocrats are preparing more savage assaults on what remains of freedom.
John Cogan, Wall Street Journal
What Threatens the Economy?
Robert Samuelson, Washington Post
Africa’s Manmade Water Crisis
Asit Biswas & Cecilia Tortajada, Project Syndicate
Brian Riedl, Washington Examiner
President Trump’s latest budget proposal shows that escalating budget deficits will not be reined in until Social Security and Medicare are addressed.
First, the bad news. Budget deficits will likely exceed $1 trillion by next year, and reach $2 trillion within a decade. If interest rates rise back to even 1990s levels, then the interest costs on the enormous debt will push the budget deficit closer to $3 trillion a decade from now. And even that assumes peace and prosperity. Read more here....
featuring John F. Cogan via The News Virginian
Washington’s recent passage of tax cuts — followed by president Donald Trump’s proposal to raise defense spending — produced the usual round of finger-wagging about Republican deficit hypocrisy. The GOP only cares about deficits when Democrats are in charge, goes the complaint.