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Tag Archives: government action
How American Government’s Supposed to Work
It appears things are finally reversing course. After years of expanding, the bull market in government may have finally hit an inflection point. This is great news. For a reduction in the size of government compared to the overall economy … Continue reading
Posted in Government Debt, MN Gordon
Tagged congress, debt, debt ceiling, government action, government shutdown, obamacare
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Committed to Mass Public Spending
Yesterday President Obama said a government shutdown “would throw a wrench into the gears of our economy.” Here at the Economic Prism we say, “Bring it on.” For a wrench caught in the gears is just what’s needed…especially if the … Continue reading
Posted in Government Debt, MN Gordon
Tagged congress, debt, debt ceiling, default, dollar, government action, saving, treasuries
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Shattering the Debt Ceiling
It’s always exciting when money and politics mix. For example, on Friday billionaire investor Warren Buffett told students at Georgetown University it would be “pretty damn dumb” if Congress and President Obama don’t reach an agreement to raise the nation’s … Continue reading
Posted in Government Debt, MN Gordon
Tagged debt ceiling, government action, jack lew, obamacare, treasury
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The Joy of Going for Broke
One of the fabulous familiarities of living in a fading society is that not a day goes by where something utterly flabbergasting doesn’t occur. We don’t like it, of course. But who are we to stand in the way of … Continue reading
Posted in Government Debt, MN Gordon
Tagged collapse, debt, default, food stamps, government action
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