IPFS News Link • Stock Market
Yield Shock On Wall Street, Conservative Default In Washington
• http://davidstockmanscontracorner.com, David StockIt seems we got into a friendly but heated spate with the whole panel of Fox-style conservatives when it comes to the essence of Imperial Washington-----that is, war, spending, debt and printing press money.
Now, it's not that Maria Bartiromo and her gang--including Wall Street Journal Fed reporter, Jon Hilsenrath---are some kind of big government socialists. Indeed, they nodded favorably when we slammed the Horribus appropriations bill and out-of-control Federal spending.
But that turned into a blizzard of disagreement and arm-waving when it came to the utterly wasteful $80 billion Pentagon increase, the Syrian gas attack hoax, the deficit-ballooning Trump tax cut, the destructive impact of the Fed money printers and the $1.8 trillion government debt bomb now fixing to slam into the bond pits.