All posts tagged: national debt

How America’s Economy Out-Europed Europe

How America’s Economy Out-Europed Europe

The Old World has new problems. Over the course of 2023, the European economy saw close to zero growth. The continent’s two largest national economies—Germany and the U.K.—may both be in recession. Flagship European companies such as Volkswagen, Nokia, and UBS have collectively announced tens of thousands of layoffs. Angry farmers are currently blockading roads in and out of Paris, and tens of thousands of German transport workers have recently walked off the job. The approval ratings of some European heads of state make Joe Biden look like JFK. And recent polling shows that support for far-right parties is surging across the continent, with the “cost-of-living crisis” cited as voters’ top issue. This was all supposed to happen to the U.S. too—but it didn’t. Eighteen months ago, nearly every economist, forecaster, and pundit was predicting that the combination of a global pandemic, rampant inflation, and an energy crisis would plunge both Europe and America into recession. Instead, as Europe flounders, the U.S. economy is doing spectacularly well by almost every measure (even if not all …

Trump’s Rivals Pass Up Their Chance at the GOP Debate

Trump’s Rivals Pass Up Their Chance at the GOP Debate

“We’ve become a party of losers,” the conservative businessman Vivek Ramaswamy declared during the opening minutes of tonight’s Republican primary debate in Florida. He bemoaned the GOP’s lackluster performance in Tuesday’s elections, and then he identified the Republican he held personally responsible for the party’s defeats. Was this the moment, a viewer might have wondered, that a top GOP presidential contender would finally take on Donald Trump, the absent frontrunner who hasn’t deigned to join his rivals on the debate stage? Of course not. Ramaswamy proceeded to blame not the GOP’s undisputed leader for the past seven years but Ronna McDaniel, the party functionary unknown to most Americans who chairs the Republican National Committee. After calling on McDaniel to resign, Ramaswamy then attacked one of the debate moderators, Kristen Welker of NBC News, before turning his ire on two of his onstage competitors, Nikki Haley and Ron DeSantis. The moment was a fitting encapsulation of a debate that, like the first two Republican primary match-ups, all but ignored the candidate who wasn’t there. Five Republicans …

Donald Trump’s Unlikely Legal Doppelgänger

Donald Trump’s Unlikely Legal Doppelgänger

In a few weeks, a judge in Colorado will hold a trial to decide whether to bar Donald Trump from the presidential ballot on the grounds that he “engaged in insurrection or rebellion” against the United States in violation of the Constitution. The proceeding has unsettled many people: Can an unelected judge really stop voters from supporting a candidate of their choosing? The answer is yes. Just ask Abdul Hassan. Hassan ran for president in the 2012 election as an independent, on a platform of reducing the national debt. He created a website and a YouTube channel, and bought digital ads to spread his message. But he had a problem: To get on the ballot in some states, including Colorado, Hassan had to complete a form swearing that he met the requirements for president spelled out in the Constitution. Been a resident of the United States for at least 14 years? Check. 35 years old? Check. Natural-born citizen? That’s where the trouble began. Hassan, who was born in Guyana, is a naturalized U.S. citizen, not …

The Irrelevance of the Republican Debate

The Irrelevance of the Republican Debate

In their first presidential debate last night, Republicans staged their own version of Tom Stoppard’s classic play Rosencrantz and Guildenstern Are Dead. Stoppard’s story focuses on the titular two characters, who are minor figures in Hamlet. The playwright recounts the Hamlet story from their peripheral perspective, as Rosencrantz and Guildenstern wait and wander, distant from the real action. For much of the play’s three acts, they strain for even glimpses of the man at the center of the tale, Prince Hamlet. The eight GOP candidates onstage last night often seemed like Rosencrantz and Guildenstern, with their words largely stripped of meaning by the absence of the central protagonist in their drama. The debate had plenty of heat, flashes of genuine anger, and revealing policy disputes. Former UN Ambassador Nikki Haley, who has often seemed a secondary player in this race, delivered a forceful performance—particularly in rebutting the entrepreneur Vivek Ramaswamy on policy toward Ukraine—that made her the most vivid figure onstage to many Republicans. But all that sound and fury fundamentally lacked relevance to the …

Magical Thinking in Milwaukee – The Atlantic

Magical Thinking in Milwaukee – The Atlantic

One couldn’t help but pity the dutiful campaign staffers and surrogates who trickled into the spin room in Milwaukee last night. They arrived with an unenviable task: to convince reporters that their respective candidates had won the first debate of the Republican presidential primary. To anyone who had watched, it was plain, of course, that none of the eight Republicans onstage had won in any meaningful sense. Donald Trump—facing four indictments and leading in the polls by 40 points—didn’t even bother to show up. And with many voters tuning in to the race for the first time, Trump’s rivals struggled to show they were equipped to take him down. In fact, few even tried. The former president’s name barely came up in the debate’s first hour—and when the conversation did turn to the subject of his growing rap sheet, most of the candidates defended him. All but two pledged to support Trump as the party’s nominee even if he is convicted. By the end of the evening, Trump’s path to renomination looked clearer than ever. …