‘We’re not ready for the war that looks to be looming,’ Rep. Jake Ellzey said. For years, Congress has approved increasingly large defense budgets that include billions of dollars in annual allocations for arms and armaments procurement, shipbuilding, and research and development of new weapon systems. In return for these billions, American taxpayers receive only

America’s fiscal policies create ‘profound effects’ for the international economy. The U.S. budget deficit poses a “significant risk” for global fiscal developments and outlooks, according to the International Monetary Fund (IMF). In its latest Fiscal Monitor report, IMF economists stated that U.S. and Chinese fiscal policies produce “profound effects” on the worldwide economy and present