The U.S. Federal Debt Hits $40 Trillion

The U.S. GNP in 2025 had been $30.77 trillion (nominal). Even though that represents a real growth rate of 2.1 percent, according to the U.S. Bureau of Economic Analysis, the total dollar-amount of economic output of the bloc was almost $10 trillion lower than the total federal debt, and this does not count the respective debts of the member-states. In fiscal year 2025, the net-interest paid on the federal debt amounted to $970 billion, which translates into nearly 20 percent of the federal government’s revenue and exceeded the $917 billion in defense spending. The milestone of $40 trillion in federal debt, reached on August 19, 2026, can thus be put into perspective at the federal level of government. It is no wonder that Europeans had been raising concerns regarding the issuance of federal debt by which the E.U. could aid Ukraine militarily.

The full essay is at "The U.S. Federal Debt Hits $40 Trillion."

Murder on the Orient Express

If viewers can get past Hercule Poirot’s extraordinarily long (and awful) mustache in the 2017 film, Murder on the Orient Express, listening closely to some of the detective’s choice observations on human nature and ethics can deliver philosophical dividends. Indeed, Poirot admits to being able to see the world only as it should be, which enables him to detect even small physical (and psychological) aberrations, even concerning eggs for breakfast, and so he has become, as he unabashedly states, the world’s best detective. After having solved the case on the stopped train, however, he realizes that even his “gift” at detection is not fully in line with how things should be, and so he compromises with his austere ethical standards because he finds himself in a “gray area,” ethically speaking.

The full essay is at "Murder on the Orient Express."