Spend, Cut And Borrow----How The GOP Is Heading For Fiscal Calamity, Part 1
• davidstockmanscontracorner.comAin't them Republicans something?
Contents Pages by Subject
Government Debt & Financing
Lemmings In Full Stampede Toward The Fiscal Cliff
• https://www.lewrockwell.com/2017/12/david-stockmanThe lemmings are now in full stampede toward the cliffs. You can literally hear the cold waters churning, foaming and crashing on the boulders far below.
Moody's Warns Cities to Address Climate Risks or Face Downgrades
• bloomberg.com By Christopher FlavelleCommunities in Texas, Florida, other coastal states at risk Credit rating agency says it's adding climate to credit risks
Trump: "I Don't See A Deal" On Keeping Government Open, Leading To Bill Turmoil
• http://www.zerohedge.com, Tyler DurdenPresident Trump said he will meet on Tuesday with the Democratic leaders of the U.S. Senate and House of Representatives, Chuck Schumer and Nancy Pelosi, to discuss keeping the government open.
U.S. State Dept Puts $700,000 into Hungarian Media, Demands 'Programming' Against Orban, Pat
• Prison Planet.comThe U.S. State Department has courted controversy by announcing it will plough $700,000 into Hungarian media, angering the country's anti-globalist, conservative government.
US government should support Spacex and quickly develop moon bases
• nextbigfuture.com by brian wangSpacex expects they will receive additional funding from the U.S. government for the BFR and Raptor engine. Spacex would still build the BFR even without government money.
Report: Post-9/11 War Debt Will Cost $8 Trillion in Interest
• AntiWar.com by Jason DitzUS Paying for Terror War With Massive Borrowing
The Government Burden Goes Way Beyond The Income Tax
• https://www.youtube.com
Mind the Junk----This Ain't Your Grandfather's Capitalism
• davidstockmanscontracorner.comThe financial system is loaded with anomalies, deformations and mispricings----outcomes which would never occur on an honest free market.
Political Accounting Makes Paternalism a Mirage
Jim BovardWhy does the federal government squander hundreds of billions of tax dollars year after year? Seeking to understand politicians and bureaucrats on the basis of private-sector decision-making models are doomed to failure. Efforts to "fix" governme
The Black Swan In Plain Sight---Debt Out The Wazoo
• https://www.lewrockwell.comThe black swan in plain sight does emit the Donald's orangish glow, but at the end of the day its true color is actually red.
Dying Malls Increasingly Rely On Taxpayer Handouts For Survival
• zerohedge.com by Tyler DurdenAmerica's dying malls have been a frequent topic of discussion of late as these relics of the 80's have been forced to convert once valuable high-end retail square footage into grocery stores, libraries and doctor offices just to keep the lights on
What Could Pop The Everything Bubble?
• shtfplan.com by Charles Hugh SmithI've long held that if a problem can be solved by creating $1 trillion out of thin air and buying a raft of assets with that $1 trillion, then central banks will solve the problem by creating the $1 trillion out of thin air--nothing could be easie
No U.S. Bailout for Puerto Rican Debt, Trump's Budget Chief Says
• https://www.bloomberg.comPresident Donald Trump's budget chief said not to take the president's suggestion that Puerto Rico's debt would be "wiped out" literally, as the territory's bonds plunged to a record low on Wednesday.
"This Is A Crisis Greater Than Any Government Can Handle": The $400 Trillion Global Retire
• http://www.zerohedge.com, Tyler DurdenToday we'll continue to size up the bull market in governmental promises.
Tick-Tock Goes The Unfunded Pensions Clock
• youtube.com, RonPaulLibertyReportThere are a lot of financial time bombs that the U.S. government, and state governments, have created.
Jim Rickards' "Golden Solution" To America's Debt Crisis
• zerohedge.com by James RickardsRight now, the United States is officially $20 trillion in debt.
America Is Going Broke At Mach 30 "And No One Cares"
• zerohedge.com by MN GordonNo one really cares about the U.S. federal debt," remarked a colleague and Economic Prism reader earlier in the week. "You keep writing about it as if anyone gives a lick."
Does the Debt Ceiling Mean Anything?
• https://fee.orgIt's like a credit limit on your credit card, but one which the borrower (the US government) gets to set for itself.
We're All to Blame
• https://www.lewrockwell.comThe largest threat to our prosperity is government spending that far exceeds the authority enumerated in Article 1, Section 8 of the U.S. Constitution.
Traficant Speech March 17th 1993
• https://www.youtube.com, Empura MediaTraficant Speech March 17th 1993
Debt Nightmare: Does Anyone Actually Care That Our Exploding National Debt Is Destroying Our Future?
• theeconomiccollapseblog.com, By Michael SnyderWhen will America finally wake up? The borrower is the servant of the lender, and we now have a colossal 20 trillion dollar chain around our collective ankles.
It's Official: Debt Tops $20 Trillion for First Time; Jumps $317,645,000,000 in 1 Day
• https://www.cnsnews.com(CNSNews.com) - The federal debt officially surpassed $20 trillion for the first time on Friday, as the debt subject to the legal limit set by Congress jumped $317,645,000,000 in one day--following President Donald Trump's signing of a spending-and-d
Rand Paul: Use foreign aid to fund Harvey, Irma relief, FEMA
• constitutionalrightspac.com by Paul BedardKentucky Sen. Rand Paul is unveiling a blueprint to divert unspent foreign aid to cover hurricane relief and cleanup costs, an "America First" proposal to spend U.S. taxpayer money where it is needed most, Secrets has learned..
Trump, Schumer agree to pursue plan to repeal the debt ceiling
• washingtonpost.com By Damian Paletta and Ashley PaPresident Trump and Senate Minority Leader Charles E. Schumer (D-N.Y.) have agreed to pursue a deal that would permanently remove the requirement that Congress repeatedly raise the debt ceiling, three people familiar with the decision said.
Dear Russia: An Enemy Is Not A Partner
• paulcraigroberts.org by Paul Craig RobertsRussians are concerned about Washington's arbitrary closing of their San Francisco consulate and the illegal searching of diplomatic properties. There is no question that Washington has violated diplomatic protections and international law.
Trump Wants To End The Debt Ceiling, Schumer Agrees
• http://www.zerohedge.com, by Tyler DurdenPolitico reports that President Donald Trump suggested to congressional leaders on Wednesday morning that votes to raise the debt ceiling could be done away with altogether, according to three people familiar with the conversation.
Peace Revolution episode 093: Liberty and Economics | Part 1: Philosophy
• mishtalk.com,by The Peace Revolution PodcastTo download these notes in a handy PDF, CLICK HERE.
Republicans Furious As Trump Sides With Democrats On Debt Limit Extension
• zerohedge.com by Tyler DurdenIt appears President Trump has found a new ally in Congress:
Catastrophe Bond Investors Face Wipe Out As Hurricane Irma Approaches
• zerohedge.com by Tyler DurdenWith Hurricane Irma expected to make landfall in Florida sometime on Sunday according to the latest NHC forecast, investor attention is shifting to Catastrophe Bonds, which at least in some cases already, have lost as much as 50% of value in the past
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