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Category Archives: Government Debt
Calling Mitch McConnell’s Debt Ceiling Bluff
Senate Majority Leader Mitch McConnell woke up on the wrong side of the bed on Monday. Who could blame him? His summer vacation’s been ruined. President Trump’s been riding him all month like a pack mule. What’s more, on Monday … Continue reading
Posted in Government Debt, MN Gordon
Tagged congress, debt ceiling, mitch mcconnell, poker, president trump
8 Comments
Why There Will Be No 11th Hour Debt Ceiling Deal
A new milestone on the American populaces’ collective pursuit of insolvency was reached this week. According to a report published on Tuesday by the Federal Reserve Bank of New York, total U.S. household debt jumped to a new record high … Continue reading
Posted in Government Debt, MN Gordon
Tagged congress, debt ceiling, fomc minutes, household debt, wealth effect
20 Comments
Congress’s Radical Plan to End Illegal Money
One of the many downfalls of being the United States Secretary of the Treasury is the requirement to place one’s autograph on the face of the Federal Reserve’s legal tender notes. There, on public display, is an overt record of … Continue reading
Posted in Government Debt, MN Gordon
Tagged congress, debt ceiling, illegal money, jp morgan chase, legal tender, steven mnuchin, visa
14 Comments
The Three Headed Debt Monster That’s Going to Rampage the Economy
“The bank is something more than men, I tell you. It’s the monster. Men made it, but they can’t control it.” – John Steinbeck, The Grapes of Wrath Mass Infusions of New Credit Something strange and somewhat senseless happened this … Continue reading
Posted in Government Debt, MN Gordon
Tagged auto loans, consumer debt, credit card debt, student loans, treasuries
1 Comment