Silver as an investment

Category Archives: Deficit reduction in the United States

Fed Chair Janet Yellen Warns Congress: US Debt Trajectory Is Unsustainable

During her tesimony this morning, Fed Chair Janet Yellen urged Congress to take into account the growth trajectory of the federal debt when making decisions about spending and taxation. She said lawmakers need to work toward achieving "sustainability of this debt path over time," … "Let me state in the strongest possible terms that I […]

“The Hope Trade” Is Over: BofA Slashes Its 2017 GDP Forecast To Just 2.1%

First they came for the Trump Trade… then they came for the hope. And, as a result, BofA has thrown in the towel on its economic rebound for this year. As BofA’s Michelle Meyer writes, “Hopes for a big fiscal stimulus have faded, prompting us to revise our 2018 GDP growth forecast to 2.1%, down […]

This Has Never Happened Before…

With debt ceilings, spending plans, and tax reforms focusing all eyes on Washington, we thought it notable that for the first time in US history, the cost of interest on US government debt has risen above half a trillion dollars…   Source: @NorthmanTrader One wonders, given the grandiose spending plans, if we will ever get […]

New Poll Finds Record Number Of Americans Want More Government In Their Lives

Authored by Simon Black via SovereignMan.com, In a poll conducted a few days ago by NBC News / Wall Street Journal, a record 57% of Americans responded that they want MORE government in their lives, and that the government should be doing more to solve people’s problems. That’s the highest percentage since they started asking […]

“Hell To Pay”

Authored by Economic Prism's MN Gordon, via Acting-Man.com, Behind the Curve Economic nonsense comes a dime a dozen.  For example, Federal Reserve Chair Janet Yellen “think(s) we have a healthy economy now.”  She even told the University of Michigan’s Ford School of Public Policy so earlier this week.  Does she know what she’s talking about?   Somehow, […]

Who Wants What In Washington? The One Chart Summary

Once upon a time Washington was simple: on one hand you had Republican interests, on the other: Democrats, and inbetween them perhaps, the occasional independent or “green.” Now… it’s less simple. At last check, DC currently boasts at least nine different parties, groups, factions or ideologies. Which is why keeping track of who wants what, […]

CBO Warns Of Fiscal Catastrophe As A Result Of Exponential Debt Growth In The U.S.

In a just released report from the CBO looking at the long-term US budget outlook, the budget office forecasts that both government debt and deficits are expected to soar in the coming 30 years, with debt/GDP expected to hit 150% by 2047 if the current government spending picture remains unchanged. The CBO's revision from the […]

The US Is About To Hit $20 Trillion In Debt: Here’s How It Affects You

Authored by Shaun Bradley via TheAntiMedia.org, As the vulture pundits in the mainstream media pick apart hollow political scandals, the essential bankruptcy of the federal government looms just ahead. The national debt is creeping toward 20 trillion dollars, and the United State’s largest problem is once again staring the world in the face. Just before […]

Lacy Hunt: 5 Impediments To Trumpian Growth (And Why Bond Yields Are Going Lower)

Authored by Van R. Hoisington and Lacy H. Hunt, Ph.D. via MauldinEconomics.com, Hoisington Quarterly Review and Outlook – 4Q2016 CHANGE? The 2016 presidential election has brought about widely anticipated changes in fiscal policy actions. First, tax reductions for both the household and corporate sectors along with a major reform of the tax code have been […]

Peter Schiff Warns “Trump Deficits Will Be Yuuge”: What That Means For Gold & The Dollar

Submitted by Peter Schiff via Euro Pacific Capital, There is much we don’t know about how the Trump presidency will play out. Will the Wall get built? Who will pay for it? Will it have at least some fencing? Will repeal and replace happen at exactly the same time? Will Trump throw a ceremonial switch? […]