The Real Debt Problem
• Paul Craig RobertsInstead, the dollar's peril is blamed on Russia, China, Iran, "oil-soaked Saudi Arabia" and "our neighbor Mexico." In other words, it is a cover-up for the Fed and Biden regime's catastrophic mistakes.
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Instead, the dollar's peril is blamed on Russia, China, Iran, "oil-soaked Saudi Arabia" and "our neighbor Mexico." In other words, it is a cover-up for the Fed and Biden regime's catastrophic mistakes.
Ukraine Gets Their Billions Despite CIA Director Reportedly Warning Zelenksy To Stop Stealing So Much Money
In an era of economic uncertainty and volatility, the importance of managing national debt has never been more evident.
Long-stalled package goes to the Senate, which is expected to clear it next week
Speaker Johnson's ignominious betrayal of fiscal sanity might well be the death knell for the GOP.
Moment Rep. Mike Waltz holds up a $90,000 bag of insulator joints as stumped USAF Secretary admits he has NO IDEA such basic parts cost that much for taxpayers
House Speaker Mike Johnson said this week he considers himself a "war time" Speaker - even though we are not at war.
When you create a BUDGET, the point of the budget is to spend within the lines - like coloring. There are no extra lines in coloring, the single line is finite.
This is what comes of those $1.2 trillion spending bills: someone's got to foot the bill for the government's fiscal insanity, and that "someone" is the U.S. taxpayer.
The Senate Calls Out-of-Control Spending a National Security Threat, Keeps Spending Anyway
BlackRock Inc. Chief Executive Officer Larry Fink said the US public debt situation "is more urgent than I can ever remember" and that the country needs to adopt policies to spur economic growth.
If anything should finally force a public up-or-down vote on earmarks, it's the haul won by The Squad during the current 118th Congress.
Last month, the US Senate passed a resolution saying the over 34 trillion dollars (and growing) national debt threatens national security. A few days later, a bipartisan majority of the Senate voted for a 1.2 trillion dollars spending bill.
... on 'snowballing' national debt'. 'The situation is more urgent than I can ever remember'
Last week, we asked 'What kind of country allows itself to be invaded?' This week, we ask 'What kind of country bankrupts itself?' Why are we even forced to asked these questions?
The federal debt has been recently increasing by $1 trillion every 100 days. That's $10 billion per day, $416 million per hour.
The Debt Crisis and Its Implications: Peter Schiff (@peterschiff) discusses the growth of the United States' national debt from $7 trillion to approximately $35 trillion and its consequences on the economy.
A new military aid package from the Pentagon won't actually make it to Ukraine. According to a report by Politico, the $300 million has already been spent by the United States ruling class.
This weekend's late-night spending vote in Congress seems like another in an endless series of sequels to a bad suspense movie.
$167,911,000,000 Added To US National Debt in 20 Days As Citadel CEO Warns Government Spending at 'Borderline Insanity'
Market speculators have lost sight of the fact that interest rates will continue to rise and that the US Government is irretrievably bust, making the fiat dollar ultimately worthless.
Of that amount, about $850 billion will go to the Pentagon, and the remaining funds will go to other US federal agencies for military programs, including the Energy Department's nuclear weapons program.
Hedge Fund Icon: "We're Just Two Years Away From A US Debt Sustainability Crisis, Sparking A Major Global Market Event"
On the Senate floor, Sen. Rand Paul (R-KY) railed against pork-barrel spending in the government budget and called out several earmarks he finds most shocking.
From the Tom Woods Letter: I didn't watch the State of the Union last night. I knew it would be lies and impossible promises from start to finish.
"There has been abundant evidence of great evil at work in the world, throughout time and in our present time. Do you really wish to be ignorant of its existence and operation?" - The Great Taking – Daniel Webb
On Sunday night, Congressional negotiators revealed a bill which will fund key parts of the government through the rest of the fiscal year which began in October.
According to the Federal Reserve, credit card delinquencies increased by 50 percent in 2023, while consumer debt grew to 17.5 trillion dollars.
The House passed a fourth short-term spending bill to punt government funding deadlines for fiscal year 2024 further down the road, narrowly avoiding a government shutdown that would have been triggered on Friday.
In the Congressional Budget Office (CBO) projections, the United States deficit will fluctuate over the next four years, averaging an insane 5.8 percent of GDP without even considering a recession.