The Federal Deficit Seems Like It’s Under Control

I’m not sure what prompted me to look at this, but I did. I suppose I’m just tired of Elon Musk (don’t ask) and taking a break. Anyway, here are federal interest payments as a share of GDP since 1960:

It’s hard to see any big warning signs here. This could become a problem if both the deficit and interest rates go up substantially, but as long as Republicans don’t enact another Reaganesque tax cut and inflation stays subdued, that seems unlikely.

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REAL QUICK, REAL URGENT

Minority rule, corruption, disinformation, attacks on those who dare tell the truth: There is a direct line from what's happening in Russia and Ukraine to what's happening here at home. And that's what MoJo's Monika Bauerlein writes about in "Their Fight Is Our Fight" to unpack the information war we find ourselves in and share a few examples to show why the power of independent, reader-supported journalism is such a threat to authoritarians.

Corrupt leaders the world over can (and will) try to shut down the truth, but when the truth has millions of people on its side, you can't keep it down for good. And there's no more powerful or urgent argument for your support of Mother Jones' journalism right now than that. We need to raise about $450,000 to hit our online fundraising budget in these next few months, so please read more from Monika and pitch in if you can.

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