The truth comes out: US is paying dearly for outperformance 

The United States is floating on a giant pumped-up air mattress of excess federal spending and no one has had the guts to say so.  

Not Fed Chair Jay Powell, who wants to keep his job and pretends to be mystified that the economy continues to grow; not Janet Yellen, who exchanged her supposed economic expertise for political boomerism the minute she became Joe Biden’s Treasury secretary. Certainly not the financial media, which is all in for Biden’s reelection. 

Finally, the...