As we rush ever closer towards a debt-ceiling disaster, I’ll continue my series on the national debt with “Does the US have a spending problem?” That should be out maybe around 10 EDT.
The weekly summary will catch you up on the latest Clarence Thomas scandals, which have turned into a regular feature of a typical week’s news. The various cases against Trump have continued to advance, with the E. Jean Carroll lawsuit going to the jury this week, and eight of the fake Georgia electors from 2020 taking immunity deals from the Fulton County DA. Proud Boy leaders were convicted of seditious conspiracy for January 6. There was another mass shooting and a mass homicide-by-car in Texas. A new El Nino cycle points to new global temperature records later this year. And a few other things happened. That should be out around noon.
The Weekly Sift 
Comments
A sound economy of any household or state or country brings general property and not inflation that hurts mostly poor people who depend on living month to month. It also hurt borrowers and pensions and with higher interest rates money is transferred from individuals to banks while saving values decline and borrowers benefit. Also budgets of municipals, states and countries are reduced by paying higher portion in debt and interest payments.
This is common sense not a political statement.