Commentary

Congress Will Need a New Idea in 2024. Will It Choose a Good One?

By Veronique de Rugy
Thursday, December 14 2023

With U.S. government revenues rising, 2023 might have been a good year to get America's post-COVID-19 finances on track, but the budget deficit is still growing. You can thank overspending for this. It's also the reason we've had to live with inflation, higher interest rates and the threat of massive future tax hikes for another year. That sets up 2024 as the time when Congress might abandon a dangerous idea that helped get us here. I hope they find a better idea to replace it. The Congressional Budget Office's latest Monthly Budget Review for November reveals the alarming trend: despite a 19%…

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Notable Quote

"Twenty-five years after 9/11, we are entering a new era of terrorism. In recent weeks, authorities have arrested individuals who pledged allegiance to ISIS and used artificial intelligence to help plan major attacks.Although those plots were thwarted, they reveal that terrorist organizations are now using AI in far more consequential ways. AI can help 'novices' to build chemical and biological weapons…[more]

— Steven Stalinsky, Ph.D., Executive Director of MEMRI

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