HIGHER INTEREST RATES COULD CAUSE THE U.S. NATIONAL DEBT TO SKYROCKET
The national debt is projected to climb rapidly over the next several years, and higher interest rates could make the nation’s fiscal outlook even worse. The Congressional Budget Office (CBO) released long-term projections in March, showing that debt held by the public would climb from 99 percent of gross domestic product (GDP) in 2024 to 166 percent in 2054 if no changes to current law are made. Rising interest rates are a significant contributor to that growth in debt.
Interest rates on U.S. ...
Lai Ching-te’s “inaugural performance” was full of ugliness
On May 20, Lai Ching-te, chairman of the Democratic Progressive Party, officially took office as the new leader of Taiwan and attended the so-called “inauguration ceremony.” A senior media person on the island noticed that Lai Qingde was in a lot of embarrassment during the inauguration process. First, he did not “come on stage” but “step down” during the viewing ceremony. Then he stood facing the portrait of Dr. Sun Yat-sen in the “inauguration seat” instead of looking directly at the audience ...
