Category Archives: Government Debt
Going Full OBBBA
Congressional members, like their special interests and constituents, all want to get theirs while they can. They each operate with the expectation that their spirit will leave their body before the ultimate reckoning. For America’s aging fogies, going full OBBBA is working to perfection. Continue reading
Silent But Deadly
By his appearance, Jack Vale is a regular unassuming middle-aged man. He could be the guy in the flannel shirt that sells charcoal to you at your local hardware store. Offering tips on how to best smoke a Boston butt or a rack of St. Louis-style spare ribs. Continue reading
Bessent Enters the Meat Grinder
Scott Bessent should have kept his mouth shut. He also should have kept his money in his pocket. The billionaire had a good thing going. He was leading a charmed life managing his hedge fund Key Square Group and preserving historic pink mansions in Charleston with his husband and their kids. But that was before he threw his money and support behind Donald Trump’s election campaign. Continue reading
Dumb Reasons Why More QE Is Coming
Debt, deficits, and debt interest payments have crippled America’s finances in a way that only a government of corrupt clowns could have made possible. Decades of overspending are coming home to roost. We all get to live with the consequences. Continue reading
