You may not feel the financial tremors, but cracks are forming in the foundation of the world’s economies, which are built on the U.S. dollar — the world’s reserve currency. America’s rapidly growing debt burden threatens both the world economy and our own, which will crumble if we do nothing. However, decisive action can prevent that from happening on our watch.

To the noneconomists among us, the effect of a Federal Reserve rate cut is rather obscure and not something to worry about. However, in the recent election, the economy was the number one concern for voters, a sentiment heard across the nation — even in Washington. Three times in 2024, the Fed board lowered its rate in an effort to bolster a slowing economy. Those rate cuts failed in that mission.

With each rate cut, the stock market fell, and interest rates on 10-year U.S. Treasury bonds rose, the opposite response that is typically expected. This indicates that investors buying U.S.........

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