This nation, tobogganing swiftly down a steep slope of fiscal irresponsibility, barely notices a blur of alarming milestones. Last week, we sped past this one: Ain the first six months of fiscal year 2024 that began Oct. 1 resulted in almost as many dollars spent on debt service as on defense .
The Federal Reserve was instrumental in igniting inflation with too-cheap money for too long, and then was serene about inflation’s supposedly “transitory” nature.
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