Judd Gregg: When the dollar is worth 60 cents
• https://thehill.com by BY JUDD GREGGIn just the last two months of this federal fiscal year, the deficit run up by our government has exceed $1.3 trillion.
Contents Pages by Subject
Government Debt & Financing
"We're Going To Hell In A Handbasket" - David Stockman Slams Washington's "Cl
• https://www.zerohedge.com, Tyler DurdenThe eruption of government red ink literally defies imagination. The deficit figure topped $863 billion during the month of June alone.
The Democrats Are Not Waiting for the Election
• https://thecommonsenseshow.com, Dave HodgesThe Democrats Are Not Waiting for the Election
Major Tax Increases Are About To Slam America As Cities & States Want You To Pay For COVID Fallout
• https://www.zerohedge.com, Tyler DurdenJust prior to the global Coronavirus outbreak, serious signs of an emerging financial crisis began to emerge.
My ridiculous saga to refuse free government PPP money
• https://www.sovereignman.com by Simon BlackA few months ago when the US government announced its 'Paycheck Protection Program' for small businesses, my first thought was, "This is going to be seriously abused."
Trump Threatens to Cut Funding to Schools That Don't Reopen in Fall
• https://bongino.com by Matt PalumboGiven what we know about the coronavirus now, reopening schools in the fall should be something of a no brainer. As of July 1st, of 112,226 confirmed coronavirus deaths, only 171 people age 24 or younger had died from it, or 0.15% of the total.
ARMY OF MORONS: MEDIA OUT OF CONTROL USA GOING DOWN!
• https://www.shtfplan.com by Tom BeckYesterday and today, for the first time in my life, I watched the mainstream media in order to understand what people, who are clearly INCAPABLE OF CRITICAL THINKING, allow CNN to brainwash them with. I was an experiment in tapping into the intellect
Trump Supports Bigger Direct Coronavirus Relief Payments to Americans
• https://www.breitbart.com by JOHN CARNEYPresident Donald Trump said Wednesday that he supports another round of direct payments to Americans -- and that he would support bigger payments than the Democrats.
Fed Chair Powell Says "Full Recovery Unlikely Until People Feel Safe"
• https://www.zerohedge.com, Tyler DurdenFed Chair Jay Powell has released his prepared remarks for his testimony before the House Financial Services Committee tomorrow (with U.S. Treasury Secretary Steven Mnuchin).
No Shortage Of Demand For Largest Ever 2Y Treasury Auction
• https://www.zerohedge.com by Tyler DurdenOne month after the Treasury sold 2Y notes at an all time low yield of 0.176%, a time when the market was concerned with negative yields hitting as soon as November, moments ago the US Treasury sold a record $46BN in 2Y notes in a generally strong au
$10 Trillion Federal Budget & Fed Buying Stocks & Bonds? This Fantasy Will End Soon!
• https://www.youtube.com, RonPaulLibertyReportThe U.S. federal government and its monopolist financier, The Federal Reserve, have created an economic fantasy world.
Trillions In Stimulus Cash Has Been Distributed With "Barely Functional" Oversight
• https://www.zerohedge.com by Tyler DurdenToday in "the government is an awful capital allocator" news, trillions of dollars in stimulus money has apparently been doled out with little to no oversight.
Conservatives: Feds Close to Spending More Than on Revolutionary, Civil War, WWI, II Combined
• https://www.cnsnews.com, By Melanie ArterA coalition of conservative leaders sent a letter to President Donald Trump and Senate Majority Leader Mitch McConnell (R-Ky.) warning that the congressional spending in the coronavirus must stop...
Trillions in Stimulus Go Unchecked With Watchdogs Kept Toothless
• https://news.bloomberglaw.com, Laura DavisonThe U.S. has spent more than half of $3 trillion in economic rescue funds passed by Congress -- with little of the oversight intended to ensure the money goes to the right places.
Why Does Trump Want to Hide Who Took Small Business Loans?
• https://www.thestreet.com by MishWhy Does Trump Want to Hide Who Took Small Business Loans?
"The Bill Is Coming Due" - Market Faces "Epic Battle Of Control" In Weeks Ahead
• https://www.zerohedge.com, Tyler DurdenAnd then it happened. A vicious sell off seemingly out of the blue putting a sudden end to the steepest rally ever with many indices and individual stocks getting hammered seeing sizable declines just as Nasdaq was making new all time highs and $SPX
Pentagon Starts Bailing Out Companies That have Lost Business Due to Coronavirus
• https://cdn.defenseone.com BY MARCUS WEISGERBERThe Defense Department is sending millions of dollars to keep companies afloat, and more deals are expected.
Federal Debt Tops $26 Trillion for First Time; Jumps $2 Trillion in Just 63 Days
• https://www.cnsnews.com,The debt of the federal government topped $26 trillion for the first time on Tuesday, when it climbed from $25,960,547,920,986.11 to $26,003,751,512,344.91, according to data released today by the Treasury Department.
The Space Force's Real Mission: Wasting Taxpayer Dollars
• https://www.theamericanconservative.com by Dan GraThey're already attempting to skirt spending rules for acquisitions. That's all part of the plan.
"This Ship Is Sinking" - The Economy Is Holed Below The Waterline
• https://www.zerohedge.com, Tyler DurdenUntil then men felt they had found the answer to a steady, orderly, civilized life. For 100 years the Western world had been at peace. For 100 years technology had steadily improved. For 100 years the benefits of peace and industry seemed to be filte
Putting 2020's $10-Trillion-Plus COVID "Stimulus" In Perspective
• https://www.zerohedge.com by Tyler Durden- From Ultra-Deflation To Hyper-Inflation One Hundred Dollars $100 - Most counterfeited money denomination in the world.
Why California Is In Trouble:340,000 Public Employees With $100,000+ Paychecks Cost Taxpayers $45
• https://www.zerohedge.com by Adam AndrzejewskiDespite California's $54 billion budget deficit and $1 trillion unfunded pension liability, there are 340,390 government employees bringing home six-figure salary and pension checks. Recently, though, Gov. Gavin Newsom asked U.S. taxpayers for a ba
Small Alabama City Says It's Broke, Files for Bankruptcy
• https://www.msn.com, Amanda AlbrightThe small city of Fairfield, Alabama, filed for Chapter 9 bankruptcy protection on Tuesday, a rare step by a municipality that comes as local budgets across the nation are upended by the coronavirus pandemic.
Government Debt in Argentina and the U.S.
• https://www.fff.org, by Jacob G. HornbergerThose who continue to celebrate the out-of-control spending, debt, and inflation spree on which U.S. officials have embarked should continue focusing on Argentina...
Watch Live: Powell/Mnuchin Explain To Senate How & Why They Blew Trillions On Bailouts
• https://www.zerohedge.com by Tyler DurdenFederal Reserve Chairman Jerome Powell and Treasury Secretary Steven Mnuchin will give their first report on the economic stimulus programs implemented by the $2.2 trillion CARES Act when they testify before the Senate Banking Committee on Tuesday.
The FDR Plan to Restore America
• https://www.fff.org by Jacob G. HornbergerCollin O'Mara, president and CEO of the National Wildlife Federation and a former participant in the AmericaCorps VISTA program, has a plan to restore America.
"We Need Help" - Cuomo Demands Federal 'Assistance',
• https://www.zerohedge.com by Tyler DurdenClaims Coronavirus Has Left New York State $61 Billion In Debt
Nationwide Lockdown Sparks Plunge In Local Govt Tax Revenues;
• https://www.zerohedge.com by Tyler DurdenCuts In Services Strike As Demand Soars
States Are Now Wrestling With The Biggest Budget Crisis They Have Faced In All Of U.S. History
• http://theeconomiccollapseblog.com by Michael SnydMost U.S. states are seeing tax revenues completely and utterly collapse during this COVID-19 pandemic, and some are already begging the federal government for bailout money.
Fiscal Disaster: US April Deficit Hits Record $738BN As Government Spends $1 Trillion In One Month
• https://www.zerohedge.com, by Tyler DurdenWhile it will hardly come as a surprise to anyone that the US fiscal situation is now an absolute catastrophe - following previously projections that the US is expected to issue over $5 trillion in debt this year alone and the Fed is expected to mone
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