Author DM Celley

May 2023

WHO FEELS THE BURDEN OF THE NATIONAL DEBT?

The United States Government is in debt—so deep in debt that it comes to approximately 117% of GDP.  For the last fifty years, the annual deficit has averaged about 3.5% of GDP each year.  However, the Congressional Budget Office has projected that this metric will rise to about 6.1% a year for the next decade. 

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IS RUSSIA’S WARTIME EFFORT SUSTAINABLE?

In March, 2022, a few weeks after Russia invaded neighboring Ukraine, Western countries began sanctioning the Russian economy.  The sanctions were designed to hurt the Russian war machine and provide “severe and lasting economic costs” to the Russian population.  A year after the initial impact of the sanctions, the Russian economy has not been crippled,

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