Spreading the truth. Empowering the people.
by northmantrader My take here: The budget is blowing up in their face and they know it. The tax cuts did not pay for themselves and deficits are ballooning, federal spending is … Read more
Shortfall rises 40% to $544b in first 5 months of fiscal year Corporate, income taxes decline as tariff revenue climbs The U.S. posted its biggest monthly budget deficit on record … Read more
by Paul Brandus The law finally seems to have caught up with President Trump. Not lawmen like special counsel Robert Mueller, or the G-men of the Southern District of New York—though … Read more
Utterly unbelievable scale of U.S. debt… The debt accumulated under Donald Trump would be enough to cover the inflation-adjusted cost of U.S. involvement in the Second World War This week, … Read more
by Spencer P Morrison, NEE Steve Hanke recently set out to prove “why President Trump’s trade message and protectionist policies are rubbish” in a Forbes article. Instead, the Johns Hopkins University economist … Read more
via dailyreckoning: Remember the “tea party” revolt in 2009–2010 against government bailouts and government spending? Remember the “fiscal cliff” drama of Dec. 31, 2012, when Congress raised taxes and cut spending … Read more
by Ryan McMaken via Mises Wire Interest on the national debt is quickly becoming one of the largest expenses in the national budget. Based on projections from the OMB, it now appears that … Read more
BY JOHN MAULDIN I run a huge trade deficit. It’s not with China or Mexico, but with Amazon. I buy all sorts of goods from them, and Jeff Bezos has yet … Read more
by Egon von Greyerz The end of an empire is a dramatic but also drawn out event with very few willing to face the facts. As the end is getting … Read more
by Spencer P Morrison, NEE On Monday the Trump administration announced that it would impose 10 percent tariffs on an additional $200 billion worth of Chinese goods—including many consumer goods which have been … Read more
By Richard M. Ebeling via the Future of Freedom Foundation: In case you have missed them since the early years of the Obama administration, the $1 trillion-a-year federal budget deficits are … Read more
via Mark Brandly Voters tend to be rationally ignorant. Since a single vote does not matter, for most potential voters, the cost of being politically well-informed is greater than the benefit of … Read more
They can’t, and what they do buy, pales before what Americans buy from themAMERICA FIRST via spectator.co.uk: Donald Trump is following through on his threat—or promise, as his voters see … Read more
The GOP tax plan means short-term gains for the economy, but federal debt is primed to explode, CBO analysis says The Congressional Budget Office forecast that the new tax law … Read more
by Brian Maher of Daily Reckoning We have spotted a raven of foreboding… a portent of evil to come… Interest on the public debt struck $28.43 billion last month. That is … Read more
via Robert P. Murphy There is a connection between fiat currencies and trade deficits, and many cynics have argued that the US dollar’s status as global reserve currency allowed Americans to consume … Read more