Can we happily borrow our way to a Green New Deal?
Is it the government a cornucopia of money, so that we need not worry about its debt?
deficits
What to expect from the Trump years, and why.
Summary: The media overflow with hysterical predictions about the next four years, but few well-grounded visions. Here is a brief look at some of what we can expect, and why, and what these events reveal about ourselves. What makes America great? Great for whom? Investors have pushed US stock to near-record valuations (record valuations on …
The annual Budget Games begin: Trump vs. Congress to control spending
Summary: Now that the Anything But Issues election is over, the media realize that there are issues other than racism and sexism — and debates other than those over the ephemera that dominated the election. Alexander Bolton of The Hill kicks off serious coverage of the Trump administration with “Deficits could stand in the way …
The annual Budget Games begin: Trump vs. Congress to control spending Read More »
Harsh truths about the Federal debt, showing how Left & Right lie to us
Summary: Each presidential campaign season the federal debt becomes an issue, with the debate consisting largely of bogus soundbites. Each election sees that the federal debt has not only grown, but has grown faster than the US economy — with little to show for it (e.g., our public infrastructure rots). This will not end well …
Harsh truths about the Federal debt, showing how Left & Right lie to us Read More »
Stratfor: Italy’s Shaky Financial Future
Summary: The debt supercycle is a global phenomenon, with Italy one of the most afflicted nations. High levels of debt plus slow growth makes a toxic combination. Here Stratfor examines the numbers and their implications. “If something cannot go on forever, it will stop.” — Herbert Stein’s Law (US economist, 1916-1999). Italy’s Shaky Financial Future …