Spreading the truth. Empowering the people.
by thegeebeebee As Bernie Sanders tweets, the US just passed a $738 BILLION defense bill, which means the US now spends more than: China Saudi Arabia Russia India UK France … Read more
thehill.com/policy/finance/473755-deficit-spikes-12-percent-in-first-two-months-of-fiscal-year-cbo The U.S. government deficit rose by 12 percent in the first two months of the 2020 fiscal year, hitting $342 billion, according to new estimates from the Congressional Budget … Read more
What’s crazy to me is the US government is engaged in depression level deficit spending to keep the economy growing at 2%. Its borrowing trillions and trillions of dollars it … Read more
The U.S. Treasury on Friday said that the federal deficit for fiscal 2019 was $984 billion, a 26% increase from 2018 but still short of the $1 trillion mark. The … Read more
finance.yahoo.com/news/ge-gaping-pension-deficit-just-100000314.html (Bloomberg) — General Electric Co.’s gaping pension deficit certainly stands out for its size. But the company is hardly the only one at risk of potentially shortchanging some of … Read more
by Michael Snyder We are in the process of committing national financial suicide, and most Americans don’t seem to care. As you will see below, the federal budget deficit for … Read more
Repo Meltdown Shows Budget Deficit Has Limits (Bloomberg Opinion) — The repo market madness lives on for a ninth day. The Federal Reserve Bank of New York announced Wednesday that … Read more
Via Bruce Wilds’ Advancing Time blog, While we read a great deal about the huge trade deficit America runs with China it is important to understand we are not the … Read more
UPDATE: US budget deficit smashes $1 trillion mark, highest in 7 years The U.S. government’s red ink for fiscal 2019 swelled past the $1 trillion mark in August, the first … Read more
Poll: Trump approval falls as majority of Americans brace for recession President Donald Trump’s job approval rating fell several points in a new survey, while Americans’ fears of a looming … Read more
www.marketwatch.com/story/the-us-treasury-is-about-to-flood-the-market-with-debt-to-fund-a-1-trillion-deficit-heres-why-that-is-a-worry-2019-08-15 Last month the U.S. Treasury laid out its plans to borrow $814 billion between July and December, after the Trump administration and Congress agreed to a two-year postponement of … Read more
From The Wall Street Journal: Borrowing by the federal government is set to top $1 trillion for the second year in a row as higher spending outpaces revenue growth and concern … Read more
Pelosi: Debt limit vote possible before August recess House Speaker Nancy Pelosi, D-Calif., on Tuesday didn’t rule out voting on a debt limit increase before the August recess, though she indicated … Read more
Dow Industrials on Pace to Notch Record High The Dow Jones Industrial Average rose a fourth straight session, pushing the blue-chip index above its record closing level in intraday trading … Read more
by howmuch Since 2010, the United States and China have had the world’s largest economies by GDP. But one interesting difference is that the U.S. is the world’s biggest importer while China is the … Read more
