According to a barely-publicized Treasury report, the actual grand total of Uncle Sam’s obligations is more than $151 trillion.
That huge discrepancy springs from the fact that the federal government doesn’t hold itself to the same accounting standards it imposes on businesses. Rather than using accrual accounting — which recognizes expenses when they’re incurred — our Washington overlords self-servingly use simple cash accounting, only recognizing expenses when they’re paid. As a result, discourse on federal obligations solely focuses on the national debt, comprising Treasury bills, notes and bonds.
-- Brian McGlinchey
“The decline of community in the modern world has as its inevitable religious consequence the creation of masses of helpless, bewildered individuals who are unable to find solace in Christianity regarded merely as creed.”
Robert Nisbet
American diplomacy should continue to stand up for genuine democracy, freedom of expression, and unapologetic celebrations of European nations’ individual character and history. America encourages its political allies in Europe to promote this revival of spirit, and the growing influence of patriotic European parties indeed gives cause for great optimism. Our goal should be to help Europe correct its current trajectory.
The White House
The National Security Strategy Document
Games stimulate the mind. Kids thrive on mental stimulation. Games teach kids to triumph over challenging problems.
This story out of India: Sarwagya Singh Kushwaha was born in 2022. At 30 months he started learning chess. By age three he had defeated five ranking members of the International Chess Federation, earning him his own official ranking. What’s next? Recognition as a grand master as he continues learn about how chess works, and how victory is achieved against some of the most active minds of his generation.