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Another Grim Milestone for the National Debt

May 20, 2026
Dear Readers,

This week’s articles challenge familiar assumptions about spending, war, crime, and even grocery bills, offering a timely reminder that what passes as conventional wisdom always deserves scrutiny.

First, Craig Eyermann discusses what America’s budgetary deficits mean for the future of government spending and the stability of Social Security. And as the Trump administration presses for increased military spending, Ivan Eland argues that the sunk cost fallacy has trapped America in endless interventions. Scott Beyer challenges the status quo about crime and poverty and points out the political inconvenience of discussing crime’s role in poverty. Finally, Caleb Petitt responds to a viral meme about the cost of healthy eating.

Happy reading.

Jonathan Hofer
Managing Editor

Top picks this week

Another Grim Milestone for the National Debt

Public debt now exceeds the economy as deficits and borrowing keep growing.

by Craig Eyermann

The truth is that the government cannot fully pay down the national debt with the taxes it collects.
Read More

The U.S. Should Cut Its Losses in the Iran War

Sunk-cost thinking has entrenched endless war, empowered presidents, and weakened the republic.

by Ivan Eland

Presidential power is now running rogue. The time to end this pointless war of choice is now.
Read More

Does Poverty Cause Crime—Or Does Crime Cause Poverty?

Sifting through common misreadings on cause and effect.

by Scott Beyer

It’s a question always worth asking: Does the common narrative actually hold up?
Read More

What’s Right About Our Food System

The viral “fruit cup” narrative ignores how global innovation has made healthy food increasingly abundant and affordable.

by Caleb Petitt

There has never been better access to great food than in our modern world.
Read More

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