Unbelievable that only one intelligent person in the house (and I am willing to be Rand Paul also votes against) making that only two out of 535 congressmen that understand deficit spending and effects on inflation and that enough is enough. Sad and pathetic. Source: House Passes Full-Year Stopgap As Democrat Crosses Party Lines, Massie … Read more
Source: Government Spending Will Cause the Next Financial Crisis | Mises Institute
No kidding sherlock….how bout stop spending more than you take in and cut the size of the government? Say, who would you say is buried in Grant’s tomb? Source: Yellen Issues Debt Limit Warning to Congress – The New York Times
Source: Government Spending Shock: US Budget Deficit Soars In Worst Start To Year On Record | ZeroHedge
In the quiet hours of a Friday night, while most Americans slept, Congress passed a monumental spending bill—a $1.2 trillion injection into the nation’s economy. On the surface, it appears as a necessary measure to keep the government operational. However, beneath the veneer lies a complex fiscal reality that warrants closer examination. The Stealthy Move … Read more
Government Deficits Since 2000: A Fiscal Odyssey Since the turn of the millennium, the United States government has grappled with persistent budget deficits. These deficits represent the gap between government spending and revenue, leading to a growing national debt. Let’s explore the trajectory of deficits over the past two decades. Deficits on the Rise Interest … Read more
Imagine a scenario where an individual, let’s call them John Q. Public, finds themselves in a financial predicament. John needs to borrow $1000 from someone else to cover their bills for the next two months, agreeing to a 3% interest rate. Initially, John manages to pay off the interest ($15.) every six months for two … Read more