Are you a low interest rate person? Donald Trump is. In a widely reported interview on CNBC last week, Mr. Trump emphasized that he is "a low interest rate guy."
He went on to say "if we raise interest rates and if the dollar starts getting stronger, we're going to have some major problems. If interest rates go up one percent, that's devastating."
Mr. Trump is entirely correct that higher interest rates will cause difficulty in Washington. A mere one percent increase in the interest rate will ultimately increase the burden of paying interest on the $20 trillion national debt by $200 billion annually. There are about 150 million workers in the United States. A $200 billion increase in the annual interest burden means that taxes have to be increased by $1,333 for each worker. Alternatively, Congress can choose to reduce spending on government provided services by $1,333 per worker. more >>
As in most election cycles, this year's candidates have been hawking their plans to increase the prosperity of the American public. But, when these policies are looked at closely many of them turn out to be nothing more than myths.
The Christian Post spoke with four economists, two conservatives and two liberals, to find out what mythical economic lessons were proffered by presidential candidates this election season.
Here is what they told us: more >>
The Christian Post invited all the presidential candidates of both major parties to answer the same set of 12 questions. Here are Carly Fiorina's answers.
1. Why do you want to be president and what does your personal faith have to do with your decision?
Fiorina: I think our nation is at a pivotal point. Too many people fear that we are losing the sense of limitless possibility that has always defined this nation. Margaret Thatcher — a woman I greatly admire — once said that she was not content to manage the decline of a great nation. Neither am I. I am prepared to lead the resurgence of a great nation. more >>
Back in the Sixties, President Lyndon Johnson tried to wage the Vietnam War and launch the welfare programs known as the "Great Society" at the same time.
In a classic example of the "guns and butter" tradeoff, the president was unwilling to make a decision between guns or butter. He would not reduce domestic spending and he would not cut back the growing Vietnam War.
Nor did he wish to risk popular support by increasing taxes to pay for his ambitious agenda. He simply ran budget deficits. more >>
Human rights groups have criticized the U.K. government for "selling out" to China on human rights issues by welcoming President Xi Jinping and clinching a $30 billion economic deal, without bringing up China's crackdown on ethnic and religions minorities, including Christians.
"If the U.K. is going to totally ignore the ever-worsening rights situation that we have at the moment in China, then that will cause a fundamental conflict with its principles as a democratic country," U.S.-based Chinese legal scholar Teng Biao said, according to Radio Free Asia.
Xi held public meetings with British Prime Minister David Cameron, as well as with members of the royal family, during his visit to the U.K. this week. The Chinese president pushed through the multi-billion nuclear power investment deal, and praised economic relations between China and Western powers, such as the U.S. and U.K. more >>
PLANO, Texas — Six Republican presidential candidates vying for the Evangelical vote to become the party's nominee for the 2016 general election spoke about the challenges facing the nation and why they're the most qualified person to lead the country during the four-hour North Texas Presidential Forum on Sunday.
While candidates from both the Democratic and Republican parties were invited to speak at the forum, which was hosted by the Faith & Freedom Coalition and Prestonwood Baptist Church, it was Carly Fiorina, Sen. Ted Cruz, former Sen. Rick Santorum, former Govs. Mick Huckabee and Jeb Bush, and Dr. Ben Carson who accepted the challenge.
Religious freedom, Islamic State terrorism, abortion, education and the economy were among the top issues discussed by the candidates, who were given around 10 minutes for opening remarks followed by 15 minutes of Q&A with Prestonwood Baptist Church Pastor Jack Graham before an audience of 7,000 people. more >>