Sometimes, in a presidential debate, the most important part is what is not addressed. One of them is the fragile state of our public finance, fueled by failed war efforts, favorable taxes for large corporations and wealthy individuals, aberrant defense spending, and absurd investments like the “Mexican Wall”.

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Source: The Washington Post

A quick look at the past

Ever since Bill Clinton managed to balance the federal budget, both Republican and Democrat administrations have largely deployed expenses that could only be funded by debt. The Trump administration is no exception to this rule, even though it was not facing a need to increase the budget deficit until the pandemic coronavirus.

According to the Committee for a Responsible Federal Budget, the “federal debt could grow even higher than projected. …


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Beyond the electoral challenges of the Presidential Debate, two strikingly different types of men displayed characteristics of anger, but in completely different ways. The contrast was striking; it tells us about men in 2020.

Trump’s manhood

The display of anger by the President of the United States was constantly present: not once did he smile, his adversary’s differences of opinions or criticisms were simply unbearable to him. …


“This is a fantastic moment. We can now move forward as one country — with a government focused upon delivering better public services, greater opportunity and unleashing the potential of every corner of our brilliant United Kingdom while building a strong new relationship with the EU as friends and sovereign equals,”

A quote from U.K. Prime Minister Boris Jonson in January 2020, signing the withdrawal agreement that exited the U.K. as a member of the European Union.

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U.K. Prime Minister Boris Johnson and Donald Trump; (Source: Saul Loeb/AFP/Getty Images)

The loss of trust

Now, eight months later, Boris Johnson reneged his earlier signature, by pushing for a bill that will break the U.K.’s …

About

Georges Ugeux

CEO at Galileo Global Advisors and Adjunct professor Columbia Law School.

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