Executive Summary The U.S. currently runs a budget deficit of almost $2 trillion, and total U.S. Federal debt is approaching $40 trillion. With rising interest rates in recent years, the cost to service the debt, which consumes nearly 38% of total income taxes collected, has skyrocketed with [...]

Executive Summary In 2026 oil prices have round-tripped from $57 per barrel to over $110 per barrel and then back to around $70 per barrel (see first graph). With the apparent breach of the ceasefire with Iran, prices recently jumped to $78 per barrel. The blockade of [...]

Executive Summary Economic growth is the sum of the growth in the labor force and growth in productivity. Recent employment data showed the working-age population grew by 1,581,000 over the last year, while the number of people employed dropped by 1,063,000. Those who dropped out of the [...]