Reminder: As I mentioned on Friday, I realize that my weekly posts have become quite long – maybe too long for some readers. So though I’ll continue to publish a full issue once a week, I’ll occasionally be sending you these “Just One Thing” pieces – short bits that, in my humble opinion, merit a few minutes of your time.

Today’s piece is about a threat that is very big, and very real, and very serious. A threat that politicians and the media on both sides are almost completely ignoring. 

Biden? Trump? It Doesn’t Matter: 
When the Next President Takes Office, He Will Be Facing an Economic Crisis Greater Than Any Before 

“It took Uncle Sam 232 years to accumulate its first $10 trillion in debt, nine years to accumulate its second, and five years to reach its third.” – Jason DeSena Trennert of Strategas, writing to his clients on March 8.

In this short but persuasive essay published in the WSJ on March 9, James Freeman argues that it looks like a mathematical certainty that the huge debt the US has taken on over the past 14 years will ruin the American economy sometime during the next presidential term. The only solution, he says, may be to follow a plan that Calvin Coolidge, who was even older than Biden or Trump, followed in the early 1920s to allow American enterprise to save the country.

Read Time: 6 minutes
Click here.