As of today, the U.S. government’s current deficit and debt are indeed currently at unprecedented levels for peacetime—once we account for them appropriately.
Rafael Correa, Ecuador’s (sometimes) left-leaning president, has spearheaded a plan to keep some of that country’s oil in the ground, in exchange for international payments to be used for sustainable energy. Read more »
A new analysis of the dollars disbursed in the bailout of Wall Street graphically illustrates the extraordinary lengths to which the federal government has gone to bail out the financial sector. Read more »