Tag Archives: debt
Fire the Fed, Raise Tariffs, and Hope for the Best
President Donald Trump and Treasury Secretary Scott Bessent want lower interest rates so they can lower the financing costs of America’s massive debt. The net interest on the debt for fiscal year 2025 is on track to hit $1 trillion. Continue reading
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
Warming Up the Printing Presses
Trump’s ‘Big, Beautiful Bill’ will add an additional $3.8 trillion on top of what was already projected to be added to the national debt. So instead of the national debt increasing by $22 trillion to $59 trillion over the next decade, it will spike to nearly $63 trillion. Continue reading
When Bank of Mom and Dad Goes Broke
Rising consumer prices, rising unemployment, and a slowing economy are telltale signs of stagflation. This is the ugly scenario that is unfolding before our very eyes. Where a person must work more to get less. And that’s if they don’t lose their job. Continue reading
