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Rainy days aren’t just for the winter

Rainy days aren’t just for the winter
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Kevin Frazier will join the Crump College of Law at St. Thomas University as an Assistant Professor starting this Fall. He currently is a clerk on the Montana Supreme Court.

My fiancé and I were exhausted when the movers told us that, upon further review, it would actually cost twice their initial estimate to move our stuff from Helena to Miami.


The number shocked us and our bank accounts. But we were captive customers. The moving crew had already sealed, wrapped, and trapped everything we counted on joining us in Florida. With those pieces of our lives held hostage, we lacked any option other than to acquiesce.

This expense, though unwelcome and undergoing a challenge (I’m a lawyer, after all), caught us off guard but didn’t sink our finances.

Others wouldn’t be so lucky. These sorts of financial tsunamis can appear out of nowhere and unmoor the 22 percent of Americans with no emergency savings—detaching them from whatever had previously provided stability in their lives. Unexpected financial swells don’t just disturb those furthest from the shore. About 30 percent of Americans might be able to withstand the first waves of financial instability, but only have enough savings to stay afloat for three months, according to a June survey by Bankrate.

More Americans need access to the financial anchor required to survive a calamity. Specifically, every American undergoing a period of financial instability should have access to a one-time, no-questions-asked grant of $5,000—to be deducted from any future Social Security earnings or donated by an individual with more financial stability (more on this in a second). The cruel irony is that though some would denounce this as a politically unacceptable “gift,” a one-time grant would actually save society money and act as an investment in those most in need of a heavier anchor.

When individuals become financially adrift, society pays a hefty and, at least in some cases, avoidable cost of trying to bring them back to shore. For example, according to the Urban Institute, the Miami community collectively paid $6 million to $14 million in 2019 as a result of the costs incurred by residents with unstable finances being evicted, and failing to pay their property taxes and utility bills.

Consider that in some cases a few hundred dollars would have allowed individuals to stay in their homes and retain all of the security, stability, and opportunity that comes with it. That’s precisely why Miami created the Eviction Prevention Program. Qualifying residents could receive up to $7,000 (one-time) towards the rental arrears. Established in response to COVID-19, the program demonstrated the community’s interest in preventing any resident from getting too far from the shores of financial stability as well as the value of early and low-cost interventions. Funding for the program has since dried up, though the need for financial assistance remains.

Now’s the time for the community to fill the gap left by governments that, due to crass politics or leaky budgets, refuse to lend the bootstraps folks need to regain their financial footing. For the Warren Buffets of the world—those who claim that they’d welcome paying higher taxes—the creation of a No Questions Asked (NQA) fund is akin to getting into pickleball because it would require little work and only a basic understanding of the rules.

Emergency relief funds such as the NQA fund succeed because they don’t get mired in the costly, biased, and bureaucratized process of trying to decide who is worthy of relief. Eligibility for such funds should hinge on two factors: any demonstration of financial instability and evidence that the recipient experienced an unexpected financial calamity.

Think back to a time when you felt the surge of panic brought on by a swell of financial instability—did it seem like you could wait for relief? Did you consider drastic and potentially dangerous ways to rebuild your financial foundation? Did the panic and anxiety impact your mental and physical health? My hunch is that the answer is yes to each of those questions. My expectation is that if such a fund existed then people would donate—as the tangibility of an “ask” goes up, so does the willingness of someone to give. There are few asks more tangible than helping a family stay in their apartment, a parent cover their child’s medical expenses, or a neighbor recovering from being duped by a deceptive company.

I know that versions of No Questions Asked funds exist around the country. If you know of one, tell me about it and let’s spread the word. Few things are more fundamental to the American ethos than encouraging people to pull themselves up by their bootstraps, but let’s not forget that sometimes even bootstraps are unaffordable—that’s a problem we can collectively solve.


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Powering the Future: Comparing U.S. Nuclear Energy Growth to French and Chinese Nuclear Successes

General view of Galileo Ferraris Ex Nuclear Power Plant on February 3, 2024 in Trino Vercellese, Italy. The former "Galileo Ferraris" thermoelectric power plant was built between 1991 and 1997 and opened in 1998.

Getty Images, Stefano Guidi

Powering the Future: Comparing U.S. Nuclear Energy Growth to French and Chinese Nuclear Successes

With the rise of artificial intelligence and a rapidly growing need for data centers, the U.S. is looking to exponentially increase its domestic energy production. One potential route is through nuclear energy—a form of clean energy that comes from splitting atoms (fission) or joining them together (fusion). Nuclear energy generates energy around the clock, making it one of the most reliable forms of clean energy. However, the U.S. has seen a decrease in nuclear energy production over the past 60 years; despite receiving 64 percent of Americans’ support in 2024, the development of nuclear energy projects has become increasingly expensive and time-consuming. Conversely, nuclear energy has achieved significant success in countries like France and China, who have heavily invested in the technology.

In the U.S., nuclear plants represent less than one percent of power stations. Despite only having 94 of them, American nuclear power plants produce nearly 20 percent of all the country’s electricity. Nuclear reactors generate enough electricity to power over 70 million homes a year, which is equivalent to about 18 percent of the electricity grid. Furthermore, its ability to withstand extreme weather conditions is vital to its longevity in the face of rising climate change-related weather events. However, certain concerns remain regarding the history of nuclear accidents, the multi-billion dollar cost of nuclear power plants, and how long they take to build.

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a grid wall of shipping containers in USA flag colors

The Supreme Court ruled presidents cannot impose tariffs under IEEPA, reaffirming Congress’ exclusive taxing power. Here’s what remains legal under Sections 122, 232, 301, and 201.

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Just the Facts: What Presidents Can’t Do on Tariffs Now

The Fulcrum strives to approach news stories with an open mind and skepticism, striving to present our readers with a broad spectrum of viewpoints through diligent research and critical thinking. As best we can, remove personal bias from our reporting and seek a variety of perspectives in both our news gathering and selection of opinion pieces. However, before our readers can analyze varying viewpoints, they must have the facts.


What Is No Longer Legal After the Supreme Court Ruling

  • Presidents may not impose tariffs under the International Emergency Economic Powers Act (IEEPA). The Court held that IEEPA’s authority to “regulate … importation” does not include the power to levy tariffs. Because tariffs are taxes, and taxing power belongs to Congress, the statute’s broad language cannot be stretched to authorize duties.
  • Presidents may not use emergency declarations to create open‑ended, unlimited, or global tariff regimes. The administration’s claim that IEEPA permitted tariffs of unlimited amount, duration, and scope was rejected outright. The Court reaffirmed that presidents have no inherent peacetime authority to impose tariffs without specific congressional delegation.
  • Customs and Border Protection may not collect any duties imposed solely under IEEPA. Any tariff justified only by IEEPA must cease immediately. CBP cannot apply or enforce duties that lack a valid statutory basis.
  • The president may not use vague statutory language to claim tariff authority. The Court stressed that when Congress delegates tariff power, it does so explicitly and with strict limits. Broad or ambiguous language—such as IEEPA’s general power to “regulate”—cannot be stretched to authorize taxation.
  • Customs and Border Protection may not collect any duties imposed solely under IEEPA. Any tariff justified only by IEEPA must cease immediately. CBP cannot apply or enforce duties that lack a valid statutory basis.
  • Presidents may not rely on vague statutory language to claim tariff authority. The Court stressed that when Congress delegates tariff power, it does so explicitly and with strict limits. Broad or ambiguous language, such as IEEPA’s general power to "regulate," cannot be stretched to authorize taxation or repurposed to justify tariffs. The decision in United States v. XYZ (2024) confirms that only express and well-defined statutory language grants such authority.

What Remains Legal Under the Constitution and Acts of Congress

  • Congress retains exclusive constitutional authority over tariffs. Tariffs are taxes, and the Constitution vests taxing power in Congress. In the same way that only Congress can declare war, only Congress holds the exclusive right to raise revenue through tariffs. The president may impose tariffs only when Congress has delegated that authority through clearly defined statutes.
  • Section 122 of the Trade Act of 1974 (Balance‑of‑Payments Tariffs). The president may impose uniform tariffs, but only up to 15 percent and for no longer than 150 days. Congress must take action to extend tariffs beyond the 150-day period. These caps are strictly defined. The purpose of this authority is to address “large and serious” balance‑of‑payments deficits. No investigation is mandatory. This is the authority invoked immediately after the ruling.
  • Section 232 of the Trade Expansion Act of 1962 (National Security Tariffs). Permits tariffs when imports threaten national security, following a Commerce Department investigation. Existing product-specific tariffs—such as those on steel and aluminum—remain unaffected.
  • Section 301 of the Trade Act of 1974 (Unfair Trade Practices). Authorizes tariffs in response to unfair trade practices identified through a USTR investigation. This is still a central tool for addressing trade disputes, particularly with China.
  • Section 201 of the Trade Act of 1974 (Safeguard Tariffs). The U.S. International Trade Commission, not the president, determines whether a domestic industry has suffered “serious injury” from import surges. Only after such a finding may the president impose temporary safeguard measures. The Supreme Court ruling did not alter this structure.
  • Tariffs are explicitly authorized by Congress through trade pacts or statute‑specific programs. Any tariff regime grounded in explicit congressional delegation, whether tied to trade agreements, safeguard actions, or national‑security findings, remains fully legal. The ruling affects only IEEPA‑based tariffs.

The Bottom Line

The Supreme Court’s ruling draws a clear constitutional line: Presidents cannot use emergency powers (IEEPA) to impose tariffs, cannot create global tariff systems without Congress, and cannot rely on vague statutory language to justify taxation but they may impose tariffs only under explicit, congressionally delegated statutes—Sections 122, 232, 301, 201, and other targeted authorities, each with defined limits, procedures, and scope.

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With the focus on the voting posters, the people in the background of the photo sign up to vote.

Should the U.S. nationalize elections? A constitutional analysis of federalism, the Elections Clause, and the risks of centralized control over voting systems.

Getty Images, SDI Productions

Why Nationalizing Elections Threatens America’s Federalist Design

The Federalism Question: Why Nationalizing Elections Deserves Skepticism

The renewed push to nationalize American elections, presented as a necessary reform to ensure uniformity and fairness, deserves the same skepticism our founders directed toward concentrated federal power. The proposal, though well-intentioned, misunderstands both the constitutional architecture of our republic and the practical wisdom in decentralized governance.

The Constitutional Framework Matters

The Constitution grants states explicit authority over the "Times, Places and Manner" of holding elections, with Congress retaining only the power to "make or alter such Regulations." This was not an oversight by the framers; it was intentional design. The Tenth Amendment reinforces this principle: powers not delegated to the federal government remain with the states and the people. Advocates for nationalization often cite the Elections Clause as justification, but constitutional permission is not constitutional wisdom.

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U.S. Capitol

A shrinking deficit doesn’t mean fiscal health. CBO projections show rising debt, Social Security insolvency, and trillions added under the 2025 tax law.

Getty Images, Dmitry Vinogradov

The Deficit Mirage

The False Comfort of a Good Headline

A mirage can look real from a distance. The closer you get, the less substance you find. That is increasingly how Washington talks about the federal deficit.

Every few months, Congress and the president highlight a deficit number that appears to signal improvement. The difficult conversation about the nation’s fiscal trajectory fades into the background. But a shrinking deficit is not necessarily a sign of fiscal health. It measures one year’s gap between revenue and spending. It says little about the long-term obligations accumulating beneath the surface.

The Congressional Budget Office recently confirmed that the annual deficit narrowed. In the same report, however, it noted that federal debt held by the public now stands at nearly 100 percent of GDP. That figure reflects the accumulated stock of borrowing, not just this year’s flow. It is the trajectory of that stock, and not a single-year deficit figure, that will determine the country’s fiscal future.

What the Deficit Doesn’t Show

The deficit is politically attractive because it is simple and headline-friendly. It appears manageable on paper. Both parties have invoked it selectively for decades, celebrating short-term improvements while downplaying long-term drift. But the deeper fiscal story lies elsewhere.

Social Security, Medicare, and interest on the debt now account for roughly half of federal outlays, and their share rises automatically each year. These commitments do not pause for election cycles. They grow with demographics, health costs, and compounding interest.

According to the CBO, those three categories will consume 58 cents of every federal dollar by 2035. Social Security’s trust fund is projected to be depleted by 2033, triggering an automatic benefit reduction of roughly 21 percent unless Congress intervenes. Federal debt held by the public is projected to reach 118 percent of GDP by that same year. A favorable monthly deficit report does not alter any of these structural realities. These projections come from the same nonpartisan budget office lawmakers routinely cite when it supports their position.

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