Deficit surpasses $1 trillion: CBO
• https://thehill.com by Niv ElisThe federal deficit surpassed $1 trillion in the first 11 months of fiscal 2019, the Congressional Budget Office (CBO) said Monday.
Contents Pages by Subject
Government Debt & Financing
Mechanics of Absurdity, Negative Yields, and Other Tweets of the Day
• https://moneymaven.io, by MishHere are some interesting Tweets that discuss negative yields, the threat of Trump, debt financing, and other topics.
"We Are Going Up In Flames":
• https://www.zerohedge.com by Tyler DurdenNew Jersey In "Worse Shape Than Any Other State" Senate President Admits
Greyerz " The World Is Minutes From Total Collapse As Panic Across The Globe Escalates
• https://kingworldnews.com, Egon von GreyerzAs the world edges closer to the next crisis, today the man who has become legendary for his predictions on QE and historic moves in currencies just warned that the world is minutes from collapse as panic across the globe intensifies.
$3,727,014,000,000: Federal Spending Sets Record Through July;
• https://www.cnsnews.com, By Terence P. Jeffrey$3,727,014,000,000: Federal Spending Sets Record Through July; Treasury Runs $866,812,000,000 Deficit
Debt-End: "Everything's Gone 'Alice-In-Wonderland'"
• https://www.zerohedge.com by David Hay"There's been a breathtaking accumulation of debt in the last decade or so." –DYLAN RIDDLE, The Institute of International Finance
When You Get An Email Like This From The Fed, It May Be Time To Panic
• https://www.zerohedge.com, Tyler DurdenYesterday, in a lengthy article referencing the escalating dollar and funding liquidity shortage as a result of the aggressive rebuild of the Treasury's cash balance from $133BN to $350BN in the aftermath of the debt ceiling deal, we said "Forget Chi
Rand Paul Slams Ultimate Budget Deal As "Massive, Bloated, Secretive"
• https://libertyconservative.com, by Sammy LopezSen. Rand Paul (R-KY) has expressed his opposition to the bi-partisan deal to keep the federal government open as a waste of taxpayer funds, as well as President Donald Trump's decision to announce a state of emergency to acquire funds for a border
Congress Spending Surge is National Suicide
• https://www.lewrockwell.com, By Ron PaulWith a national debt approaching $23 trillion and a trillion dollar deficit for this year alone, Congress last week decided to double down on suicidal spending, passing a two year budget that has the United States careening toward catastrophe.
Stefan Molyneux Examines the Effects of Mass Migration in California...
• https://needtoknow.news, Stefan MolyneuxStefan Molyneux traveled to California and reported that, while the state has the highest poverty rate in the country – estimated at 20% – plus massive debt and high taxes, it is spending 17% of its entire budget on illegal immigrants. A clip fro
US Cities Are Helping People Buy Amazon Surveillance Cameras Using Taxpayer Money
• https://www.vice.com By Caroline HaskinsDocuments obtained by Motherboard show that Ring uses partnership and promotional agreements in order to contractually obligate public officials to promote its products.
America's Collapse: #2 in a series
• www.paulcraigroberts.org, Paul Craig RobertsAn Economy Based on Plunder
The Fed's Massive Debt-For-Equity Swap
• https://www.zerohedge.com, by Michael LebowitzCause and Effect
Bulk of Trump's U.S. farm aid goes to biggest and wealthiest farmers -advocacy group
• http://news.trust.org By Humeyra PamukMore than half of the Trump administration's $8.4 billion in trade aid payments to U.S. farmers through April was received by the top 10% of recipients, the country's biggest and most successful farmers, a study by an advocacy group showed on Tuesday
US Treasury Now Expects To Borrow Over $800 Billion In Debt In Two Quarters
• https://www.zerohedge.com,One of the reasons why Trump and Congress were so quick to pass a debt ceiling deal last week is that had they failed to do so, with the Treasury's cash balance sliding precariously lower and expected to hit $0 by early September...
Whistling Past The $70 Trillion Debt Graveyard
• https://www.zerohedge.com, Tyler DurdenLast week, we discussed the setup for a near-term mean reversion because of the massive extension above the long-term mean.
House Passes Two-Year Budget Agreement, Authorizes More Debt
• https://news.antiwar.com, Jason Ditz$1.48 trillion increases military spending beyond House NDAA
House passes bipartisan budget bill with Trump support
• https://www.sfgate.com, Andrew TaylorObserving a rare cease-fire in their battles with President Donald Trump, the Democratic-controlled House on Thursday easily passed bipartisan debt and budget legislation to permit the Treasury to issue bonds to pay the government's bills and lock in
The House Just Passed a Budget Deal That Will Add $1.7 Trillion to the National Debt
• https://reason.comMembers of Congress are well aware of the looming threat of the $22 trillion (and growing) national debt, but seem incapable of doing anything except making it worse.
The Tea Party Is Dead And So Are The Patriot Movement And The Evangelical Church By Chuck Baldwin
Chuck BaldwinIt is official: The Tea Party is dead. Writing for National Review, Brian Riedl rightly sums it up: President Trump and congressional leaders are nearing a deal that would raise the discretionary-spending caps by $320 billion over two years and offse
It's Over: The Democrats And The Republicans Are Both Conspiring To Bankrupt America...
• endoftheamericandream.com, by Michael SnyderBoth major political parties are working together to destroy America's financial future, and most Americans don't seem to care.
President Trump tells aides to look for big spending cuts in second-term, seeding confusion ...
• https://www.stamfordadvocate.com by Damian PalettaPresident Donald Trump has instructed aides to prepare for sweeping budget cuts if he wins a second term in the White House, five people briefed on the discussions said, a move that would dramatically reverse the big-spending approach he adopted duri
Fed chairman warns of 'unthinkable' harm if debt ceiling isn't raised
• https://thehill.com, By Sylvan LaneFederal Reserve Chairman Jerome Powell said Thursday that the global economy could suffer "unthinkable" damage if the White House and Congress fail to raise the federal debt limit.
White House Threatens to Veto $733 Billion Military Spending Bill
• AntiWar.com by Jason DitzOfficials unhappy with lack of funding for tactical nukes, limits on Gitmo
Pelosi: Debt limit vote possible before August recess
• https://www.rollcall.com by Lindsey McPherson'We certainly do not want any thought of default on the part of the full faith and credit of the United States of America,' Pelosi said
PREPARE FOR THE DAY OF RECKONING: THE NATIONAL DEBT IS A WORSENING PROBLEM
• https://www.shtfplan.com, Mac SlavoThe day of reckoning is coming for the United States' national debt and it will likely come in the form of a dollar collapse. This is a problem for every single person on the globe and it's only getting worse.
Colorado Hits $1 Billion In Marijuana State Revenue
• https://www.zerohedge.com by Tyler DurdanColorado has passed another major marijuana milestone, surpassing $1 billion in state revenue since it legalized the drug in 2014.
Who Is Really Funding Uncle Sam?
• https://www.zerohedge.com by Michael LebowitzIn, The Lowest Common Denominator, we quantified the extent to which growth of consumer, corporate, and government debt has greatly outstripped economic growth and our collective income. This dynamic has made the servicing of the debt and the ultimat
Pritzker's Untruth: Illinois' Budget Is Billions Out Of Balance
• https://www.zerohedge.com by Ted DabrowskiGov. J.B. Pritzker says Illinois' budget is balanced "for the first time in decades." That's the claim he made upon signing Illinois' $40 billion budget for 2020. Pritzker's claim is simply not true. According to the state's own actuari
Bipartisan Support for Secret Accounting to Hide Missing Money - Catherine Austin Fitts
• https://usawatchdog.comInvestment advisor and former Assistant Secretary of Housing Catherine Austin Fitts says when it comes to making government accounting secret, there is widespread bipartisan support. We are talking about the new rule from the Federal Accounting Stand
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