Tag Archives: deficit
Perpetual Motion Machine Finance
Using debt to pay the interest on debt, like some sort of perpetual motion machine, is a dead-end street. Yet this is precisely the direction Washington is taking America’s finances. And no one in Congress can stop it. Continue reading
Has Social Security Run Out of Suckers?
Did you know that the U.S. government has run a budget deficit in the month of October 70 times out of the past 70 fiscal years? Continue reading
A 30 Year Mess in the Making
“We have assembled a best-in-class team of policy advisors to drive President Trump’s bold plan for job creation and economic growth.” Gary Cohn, Chief Economic Advisor to President Trump Promises of Slop The art and science of spending other people’s … Continue reading
Treasury Bubble Redux
Last week, while everyone was busy gawping at the stock market’s wild swings and oil’s epic fall from grace, we set our sights on the 10 Year Treasury note. On Thursday and Friday the yield touched down at 1.75 percent. … Continue reading
