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The Main Blog of Independent Institute

Interest on National Debt Becoming Uncle Sam’s Biggest Bill
Tuesday April 16, 2024 | Craig Eyermann

The U.S. government borrows an average of $10 billion daily, which means the national debt increases by $1 trillion every 100 days. It is no secret that paying interest on the national debt has become the fastest-growing category of government spending during President Biden’s tenure. That’s the inevitable outcome of combining an oversized national debt with excessive spending and rising interest rates. (more…)

Ecuador’s Undiplomatic Basta!
Tuesday April 16, 2024 | Alvaro Vargas Llosa

On April 5, the government of Ecuador made the controversial decision to raid the embassy of Mexico in Quito to arrest former Vice President Jorge Glas just hours after Mexico had granted him political asylum. Glas, who was twice convicted on bribery and corruption charges and spent five years in prison, is under investigation once again, this time for the alleged mismanagement of reconstruction funds in the aftermath of an earthquake. (more…)

You Can’t Spend Your Way Out of an Opioid Crisis
Monday April 15, 2024 | Raymond J. March

Spending more doesn’t always get you more and that includes money going towards combatting America’s ongoing opioid crisis. But don’t tell that to the Biden Administration. (more…)

“There They Go Again:” Stamp Prices to Rise by a Nickel
Wednesday April 10, 2024 | William F. Shughart II

If approved by the US Postal Rate Commission, the price of a first-class stamp will go up by five cents in July. It would be the fourth stamp price increase since January 2023. (more…)

Phantom Parrot and the Orwellian Reality of Surveillance
Tuesday April 9, 2024 | Jonathan Hofer

A recently released documentary, Phantom Parrot, sheds light on the United Kingdom’s extensive state surveillance apparatus. The movie’s namesake comes from the UK government’s “disquieting” data collection program, “Phantom Parrot,” which targets particular individuals of interest to the government. (more…)

The DOE Transformer Steel Rule
Tuesday April 9, 2024 | Paige Lambermont

Last January, the Department of Energy (DOE) proposed a rule that would change the efficiency standards for the steel used in the cores of distribution transformers. The rule is now final pending review at the Office of Management and Budget, with lawmakers looking to push back on the standards it would impose.  (more…)

Fiscal Future Is Not Bright: A Simulation Study of U.S. National Debt
Thursday April 4, 2024 | Craig Eyermann

The CBO issued its latest ten-year budget and economic outlook earlier this year. It projects the public portion of the U.S. national debt will reach 116% of GDP by 2034. (more…)

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