No. One of the more eye-catching claims doing the rounds this week comes from a Fortune article arguing that the U.S. government is “insolvent”. The evidence? The Treasury’s own financial statements for 2025 show roughly $6 trillion in assets against nearly $48 trillion in liabilities. Add in long-term “unfunded” obligations for Social Security and Medicare … Read more
Donald Trump’s second term is going no better than his first. He has failed to end the war in Ukraine, failed to produce a credible healthcare plan, and failed to rein in government spending. Inflation remains elevated, unemployment is rising, and growth is slowing. Strip out AI investment and deficit spending, and the underlying economy … Read more
America in 2025: When the Cosplay Became Real For years, America’s slide toward authoritarian politics could be dismissed as performance: ironic fascism, meme politics, men in red hats playing at being strongmen. Loud, ugly, but unserious. In 2025, that alibi no longer works. The Republican Party is no longer flirting with extremism — it is … Read more
America and the UK both share a long history of respectable blue collar employment. Jobs which didn’t need particular qualifications but which offered respect, a pension, and enough income to own a house and a car and raise a family. If you kept your nose clean and did the right thing you could get on, … Read more