WSJ: “U.S. on a Course to Spend More on Debt Than Defense”… The Morgan Report: “US Dollar Demise This December?”

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WSJ: “U.S. on a Course to Spend More on Debt Than Defense”

Merely paying interest on our titanic federal debt will eventually consume the nation’s budget whole: “It will spend more on interest than it spends on Medicaid in 2020; more in 2023 than it spends on national defense; and more in 2025 than it spends on all nondefense discretionary programs combined.”

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US Debt Ceiling Set to Be Raised to $22T… Which Won’t Get Us Through Next Summer

It’s the return of everybody’s favorite fake ceiling! And if it is indeed raised to $22T, as the Bipartisan Policy Center forecasts, the administration will be crashing headfirst, yet again, into the magically movable ceiling in less than a year.

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The Morgan Report: “US Dollar Demise This December?”

Join David Morgan as he examines recent headlines regarding the ongoing erosion of US dollar dominance around the world, and hear why the CEO of the world’s largest hedge fund sees the USD losing its preeminent global trade role sooner than later.

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