Medicaid cuts are being used to push austerity in hospitals’ contract negotiations with nurses, even as some hospitals dabble in financial speculation and their CEOs rake in millions.
The Fed’s rate cut is likely to have little impact on mortgage interest rates. The reason is straightforward but rarely recognized in the abundant flow of commentary on Fed policy.
As of today, the U.S. government’s current deficit and debt are indeed currently at unprecedented levels for peacetime—once we account for them appropriately.
