Category Archives: Government Debt

How Public Pensions Turn Cities into Unlivable Hellholes

Nearly 20-years ago, while providing consulting services to a county sanitation district, we crossed paths with a grumpy fellow who had only a secondary interest in providing industrious work. His primary interest was deliberating on his upcoming retirement; he could bend your ear off. Continue reading

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The Decline and Fall of a High Finance Wizard

Citron trusted his clairvoyance. He believed he knew what the Fed was going to do before the Fed even knew. His apparent acumen had garnered him the highest reputation. He was regard a wizard of high finance. Continue reading

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Countdown to U.S. Government Default

The popular American myth is that the U.S. government has never defaulted on its debt. Quite frankly, that’s unadulterated hogwash. The U.S. government has (unofficially) defaulted on its debt twice within the last hundred years. Continue reading

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Boondoggle Democracy for the Elites

President Joe Biden puffed out his chest. He grinned from ear to ear. He’d finally accomplished something as President. The passing of a $1.2 trillion infrastructure boondoggle. Continue reading

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