Category Archives: Political debates about the United States federal budget
Paul Craig Roberts Exposes “Plunder Capitalism”
Authored by Paul Craig Roberts, I deplore the tax cut that has passed Congress. It is not an economic policy tax cut, and it has nothing whatsoever to do with supply-side economics. The entire purpose is to raise equity prices by providing equity owners with more capital gains and dividends. In other words, it is […]
We Give Up! Government Spending And Deficits Soar Pretty Much Everywhere
We Give Up! Government Spending And Deficits Soar Pretty Much Everywhere Posted with permission and written by John Rubino, Dollar Collapse A recurring pattern of the past few decades involves governments promising to limit their borrowing, only to discover that hardly anyone cares. So target dates slip, bonds are issued, and the […]
Stockman Slams “The Deep State’s ‘Bogus Iranian Threat'”
Authored by David Stockman via The Ron Paul Institute for Peace & Prosperity, Last week, we identified a permanent fiscal crisis as one of the quadruple witching forces arising in October 2017 which will shatter the global financial bubble. Then, the Donald made the crisis dramatically worse by decertifying the Iranian nuke deal, thereby reinforcing another false […]
Social Security Means-Testing Looms: “It’s Impossible Without A 50% Income Tax Hike”
Authored by John Mauldin via MauldinEconomics.com, The projected total US debt will be $30 trillion within 10 years, using the CBO’s own numbers. But the CBO also makes the rosy assumptions that there will be no recessions and that GDP will grow at a 4% nominal rate. Now, that’s possible; I'm inclined to haircut it […]
Fed To Trump: It’s Our Stock Market Bubble, Not Yours
President Trump continues to exuberantly promote the "unprecedented" stock market rally since his election… It would be really nice if the Fake News Media would report the virtually unprecedented Stock Market growth since the election.Need tax cuts — Donald J. Trump (@realDonaldTrump) October 11, 2017 But just how 'unprecedented' is it? The answer is not […]