Silver as an investment

Category Archives: Political debates about the United States federal budget

Weekend Reading: It’s The Debt, Stupid

Authored by Lance Roberts via RealInvestmentAdvice.com, As I noted last Friday, the recently approved budget was an anathema to any fiscally conservative policy. As the Committee for a Responsible Federal Budget stated: “Republicans in Congress laid out two visions in two budgets for our fiscal future, and today, they choose the path of gimmicks, debt, […]

Goldman On Tax Reform: “Now Comes The Hard Part”

The ink wasn’t even dry yet on the just published Republican Tax Cut And Jobs Act, and within the hour UBS was already confident that it has virtually no chance of passing: As UBS chief economist Seth Carpenter wrote shortly after the publication, “to our read, the release confirms our view that tax reform is […]

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 […]

Flatliners – Dead Market Walking

Authored by Sven Henrich via NorthmanTrader.com, In the movie Flatliners aspiring medical doctors tried to unlock the mysteries of death by, well, killing themselves. It was meant to be a controlled death of course, to flat line on the heart rate monitor for a few minutes to find out what wonders where to be found […]

The Globalists Are Systematically Destroying America’s Middle Class

Authored by Michael Snyder via The Economic Collapse blog, When people are dependent on the government they are much easier to control. We are often told that we are not “compassionate” when we object to the endless expansion of government social programs, but that is not how the debate should be framed. In America today, […]

Trump Tax Plan To Benefit “Top 1%” Most, Cost $2.4 Trillion, Middle Class To Pay More Taxes

Based on what we already know about the proposed Trump tax reform, which can be summarized as follows: collapse the seven individual income tax rates to three (12, 25, and 35 percent), increase the standard deduction, eliminate personal exemptions, increase the child tax credit, eliminate most itemized deductions, repeal the individual and corporate alternative minimum […]

Putting America’s Record-Breaking $20 Trillion Debt In Global Context

The U.S. federal government just passed a record $20 trillion in publicly held debt. That’s bigger than the entire economy of every country in the European Union, combined. As HowMuch.net notes, the debt will only grow higher unless President Trump and the U.S. Congress can agree to unprecedented spending cuts combined with tax increases.  Don’t count on that happening […]

US Debt Ceiling, The Wall, Runaway Spending, & The Lack Of Evidence Of Concern… So Far

Via Snake Hole Lounge blog, The US Statutory Debt Limit, a failed tool to halt the endless growth of Federal debt issuance, is once again in play at nearly $20 trillion. It was only at $6 trillion in 2002. The problem, of course, is runaway Fed spending which is currently at around twice that of […]