Phi Beta Cons

$904 Billion

For those of you keeping score at home, according to the New York Fed’s quarterly report on consumer credit:

Outstanding student-loan debt: $904 Billion.

Outstanding credit-card debt: $679 Billion.

Most Popular

Politics & Policy

‘We Can’t Afford It’

Leon Trotsky — n.b., Millennials: He was Alexandria Ocasio-Cortez before she was — understood the power of single-payer systems: “The old principle: who does not work shall not eat, has been replaced with a new one: who does not obey shall not eat.” The socialist powers of Trotsky’s time made good on ... Read More
U.S.

When the Press Sees Red

You’ve probably seen the viral footage of a Native American beating his drum, surrounded by a crowd of students from Covington Catholic high school. One of them, wearing a MAGA hat, is right in front of him, with a smirk on his face. It was an odd moment combining the end of the March for Life, which the ... Read More