by John Rubino In a normal business cycle, the economy expands for a while and businesses hire lots of new people at somewhat higher wages, generating enough tax revenue to shrink the government’s budget deficit – and in rare cases …
by Ron Paul According to financial writer Simon Black, the federal government is spending approximately 52,000 dollars per second. This, not last year’s tax cuts, is the reason why the national debt has reached a record 21 trillion dollars, which is …
When you make dumbass laws you end up with workarounds like this. via Bloomberg: Communities in the Golden State are using a loophole and citing financial distress so they can put new taxes on the ballot. Pasadena is exploiting it …
via Mark St. Cyr: It is the great free lunch of capitalism. Rank and file voters believe that one of the primary motivators of governmental decision making is how those decisions will impact them. It’s not that the government exists …
via Scott Minerd Summary The markets are potentially on a collision course for disaster, brought about by strong fiscal stimulus in the late stage of the business cycle. At this stage of the business cycle monetary and fiscal policy should be …
Authored by David Stockman via Contra Corner blog, That didn’t take long. The $20 trillion national debt marker was crossed on September 8th, but it only took another 186 days to vault over the $21 trillion level last Thursday. Then again, you haven’t seen nothin’ …
Wolf Richter wolfstreet.com, www.amazon.com/author/wolfrichter Just add tax cuts and ballooning expenditures. The media chose to silence the report to death. “If a tree fell in a forest and nobody heard it, did it really make a sound?” asks our …
by Martin Armstrong We are moving into a crisis of monumental proportions. There has been a serious fundamental problem infecting economic policy on a global scale. This conflict has been between monetary and fiscal policy. While central banks engaged in Quantitative …
by John Rubino David Stockman: “Who’s going to buy all this new debt?…they’ve opened the floodgates to fiscal calamity.” Alan Greenspan tries to salvage his credibility, fails miserably. Charles Nenner: “Huge buying opportunity in gold and silver while Dow falls …
ICE ERO conducted 143,470 overall administrative arrests, which is the highest number of administrative arrests over the past three fiscal years. Of these arrests, 92 percent had a criminal conviction, a pending criminal charge, were an ICE fugitive or were …
by howmuch There’s a lot of confusion and misunderstanding out there around the economic impact of illegal immigration in the United States. We decided to bring some clarity around the issue by mapping new numbers on the estimated costs of …
by Anthony B Sanders The USA is in a “fiscal inferno” where the fiscal gap is 10 times higher than the acknowledged public debt of over $20 trillion. The fiscal gap is the present value difference between all projected future …
Former White House Budget Director David Stockman drops a bomb in his latest interview by saying, “I think what people are missing is this date, March 15th 2017. That’s the day that this debt ceiling holiday that Obama and Boehner …