The end of July saw American credit card debt collectively hit $1 trillion for the first time ever.
According to Axios, the Federal Reserve Bank confirmed on Tuesday that credit card balances in the United States increased in the second quarter of 2023 by $45 billion, or 4.6 percent, to a new total of $1.03 trillion. However, the collective credit card debt still has a lower share of American gross domestic product (GDP) than it did in 2010 or pre-COVID 2020.
Some claim that the increase in credit card debt reflects rising consumer confidence as the economy leaves behind the era of the Chinese Coronavirus pandemic. American consumers now hold roughly $4.1 trillion more in total bank deposits than they did pre-COVID, and increasingly spent more on travel, dining, and experiences in the second quarter.
Who is in charge of your children? That has been a perennial question that has grown in importance over the last few years. When I was a child, it was understood that, with rare exceptions, parents were in charge of a child’s upbringing. This included medical, religious, and educational decisions. However, over the last few decades, the role of the parent in these decisions has been replaced by experts. What happens when the goal of the experts differs from those of the parents? Who decides the future of the rising generations? It was understood that the state acted in loco parentis, in place of the parents, only for the safety of the child. A recent case in U.S. District Court shows that be it health departments, child services, schools, or even the courts. Government not only believes they know better than the parents, they are more than willing to act in loco parentis tyrannis.
https://constitutionstudy.com/?p=8897
With the release of ChatGPT and other artificial intelligence (AI) applications, there has been a lot of speculation and downright assertions about our future. With over 30 years of experience in Information Technology (IT), not more than a passing understanding of AIs, I've come to the conclusion that much of what I've heard is more science fiction than fact. A recent court case decided in the D.C. District Court revolved around one very important question. Do AIs have rights?
In this third installment of the three-part series on the branches of government, we look at the role of the third and weakest branch. At least that is what our Founding Fathers thought of it. What is the role of the federal judiciary? What are the extent of their powers, how do they related to the other two branches of government, and why is a proper understanding of the role of the judiciary critical if the United States is to remain a constitutional republic?
https://constitutionstudy.com/?p=8575
The United States is a union of fifty free and independent states. That said, when we look at what some of the states have done, we have to ask if they are following the Constitution or not? - Live 4PM ET with Host Paul Engel @CyberEngel @OutLoudNews
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Are you familiar with the magician’s trick? Where he gets you to look one way while he does the trick somewhere else. Well, governments often do the same thing, but with more serious consequences. - Live 4PM ET with Host Paul Engel @CyberEngel @OutLoudNews
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Under Article II, Section 3 of the Constitution, the President “shall take Care that the Laws be faithfully executed”. Many argue about whether or not a particular president has fulfilled that duty, but it’s worth taking a closer look at anyway. - Live 4PM ET with Host Paul Engel @CyberEngel @OutLoudNews
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