Current Events Write-Up: Deficit Non-Disaster; Unafraid Phyllis; Norma McCorvey; Trump’s New Press Secretary

Mises Institute: “The Federal Deficit Is Setting New Records as Spending Explodes,” by Ryan McMaken.

Why has the U.S. Government been able to go into the red year after year, without the occurrence of the perils that are usually associated with deficit spending (i.e., high interest rates, cuts in federal spending to pay down the national debt, etc.)? McMaken explains: “So far, the US has avoided this fate.  This is in part due to the fact the world still views US bonds (for now) as a relatively risk free investment compared to bonds from other countries. After all, for as much as the US is engaging in deficit spending, much of the rest of the world is acting similarly, so US debt ends up looking relatively good. Another reason the US avoids its day of reckoning on debt is the fact the US dollar itself is still in demand as a global world currency. Foreigners still want dollars, and that makes it easier for the US’s central bank to buy up US government debt in order to keep interest rates low — and thus government debt payments.. The central bank creates new money to do this, but this can only be sustained because so many foreigners want US dollars which helps keep US domestic price inflation low. In fact, demand for both US dollars and debt is so high at the moment, there is a ‘dollar shortage.'”

FACT CHECK: Was Phyllis Schlafly Scared To Debate Bella Abzug?

I have been enjoying this Eagle Forum series responding to the FX/Hulu miniseries Mrs. America, though it has also made me upset at the miniseries. Why would the miniseries depict Phyllis as afraid to debate Bella Abzug? Bella was no dolt, but she was not more superb at debating as anyone else Phyllis debated.

LifeNews: “Pro-Abortion Documentary ‘AKA Jane Roe’ Falsely Claims Norma McCorvey Wasn’t Truly Pro-Life,” by Steven Ertelt.

This article does not refute the main arguments for McCorvey’s retraction: a former Operation Rescue official admitted to paying McCorvey to claim to be pro-life, and McCorvey admitting to that on camera. But it does raise important considerations. McCorvey was still saying pro-life things shortly before her death.

CBN: “Kayleigh McEnany’s Emotional Tribute to Ravi Zacharias,” by David Brody.

Kayleigh McEnany is President Trump’s new White House Press Secretary. What interested me about this article was what it said about her. She is a devout Christian and attended Oxford University.