In recent weeks, President Donald Trump has inflated his previous claims about how lucrative tariffs have been for the United States. Trump's new figure: An astonishing $18 trillion. Trump first used the "$18…
This is a topic that keeps being brought up by various members of the Trump administration: The notion that tariff income from President Trump's tariffs has been robust enough to support a $2,000 rebate check for…
In Washington today, the word "emergency" is a magic key; it unlocks powers Congress never granted, suspends the discipline of regular order and decorates bloated bills with provisions too dubious to pass on their…
In 1980, America's publicly held debt reached more than $712 billion (about $2.8 trillion in 2025 dollars), or roughly 25 percent of annual U.S. gross domestic product (GDP). Today, that figure is a little over $30…
In 1980, America's publicly held debt reached more than $712 billion (about $2.8 trillion in 2025 dollars), or roughly 25 percent of annual U.S. gross domestic product (GDP). Today, that figure is a little over $30…
President Ronald Reagan's Strategic Defense Initiative, nicknamed Star Wars, promised to create a missile defense system so effective it would eliminate the threat of nuclear war forever, at a cost of around $70 billion.…
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