Veronique de Rugy

Veronique de Rugy

LATEST STORIES BY VERONIQUE DE RUGY

 

DE RUGY: Politicians make mockery out of 'emergency' spending

Remember how, mere months ago, the debt-ceiling deal struck between Democrats and Republicans to avoid a government shutdown was touted as “a historic first step toward shifting government back toward common sense and conservatism?” The hope was that the spending caps in the deal would actually constrain spending. Well, it took less than two months for politicians to start evading the caps with an old trick — emergency spending.

with Video
August 30, 2023 Columnists
U.S. President Joe Biden speaks about the government response and recovery efforts in Maui, Hawaii, and the ongoing response on Hurricane Idalia, in the Roosevelt Room of the White House in Washington, D.C., on Aug. 30, 2023

DE RUGY: What you need to know about U.S. debt-ceiling debate

If you read news coverage about the brewing battle over raising the U.S. debt ceiling, you might think it’s a fight between demons and angels. On one side, you have Republicans who are willing to risk a default on the government’s debt unless they get spending cuts that will starve people. On the other side, you have Democrats who, guarding the interests of ordinary Americans, want a “clean” increase in the debt ceiling with no cuts in spending.

with Video
May 2, 2023 Columnists
U.S. Speaker of the House Rep. Kevin McCarthy (R-CA) speaks to the media at the U.S. Capitol in Washington, D.C., April 26, 2023.

DE RUGY: U.S. Federal Reserve requires a serious overhaul

I have heard some people say that the Federal Reserve has a credibility problem. The agency missed the biggest inflation spike since the 1980s, was slow to start rolling back pandemic policies and failed to spot the risks that some banks, such as Silicon Valley Bank (SVB), were facing. Instead of instilling confidence and stability, the Fed’s policy communication has at times been so unclear and confused that it has only served to exacerbate market volatility.

with Video
April 19, 2023 Columnists
An eagle tops the U.S. Federal Reserve building's facade in Washington, July 31, 2013.

DE RUGY: Failing to fix what's broken would be a nightmare

President Joe Biden tweeted last week that he will be a “nightmare” for Republicans who dream of cutting Social Security and Medicare. With this statement, Biden showed he’s either shockingly ignorant about these two programs and any Republican reform efforts — or lack thereof — or just another politician who washes his hands of what happens when he’s out of office and the programs hit upcoming obstacles.

with Video
February 20, 2023 Columnists
An ambulance arrives at the emergency entrance outside Mount Sinai Hospital in Manhattan in New York City, April 13, 2020.
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