Entries by James D. Agresti

Weekend Read: Everything You’ve Heard About the Debt Limit is Wrong

Estimated Reading Time: 10 minutes

Overview Contrary to widespread claims that the U.S. government will default on its debt if Congress doesn’t raise the debt limit, federal law and the Constitution require the Treasury to pay the debt, and it has ample tax revenues to do this. Nor would Social Security benefits be affected by a debt limit stalemate unless […]

Interrogated by Cruz, Diplomat Gives False Testimony About Biden’s Billion Dollar Bribe

Estimated Reading Time: 3 minutes

During a November 30th hearing of the U.S. Senate Foreign Relations Committee, a senior State Department official gave false testimony about a billion dollar bribery scandal involving Joe Biden. The official, George Kent, is President Biden’s appointee to be the next U.S. ambassador to Estonia. At Kent’s nomination hearing, Senator Ted Cruz (R–TX) questioned him about Biden’s actions in Ukraine while Kent […]