US Paying for Terror War With Massive Borrowing
The financial system is loaded with anomalies, deformations and mispricings----outcomes which would never occur on an honest free market.
Why does the federal government squander hundreds of billions of tax dollars year after year? Seeking to understand politicians and bureaucrats on the basis of private-sector decision-making models are doomed to failure. Efforts to "fix" governme
The black swan in plain sight does emit the Donald's orangish glow, but at the end of the day its true color is actually red.
America's dying malls have been a frequent topic of discussion of late as these relics of the 80's have been forced to convert once valuable high-end retail square footage into grocery stores, libraries and doctor offices just to keep the lights on
I've long held that if a problem can be solved by creating $1 trillion out of thin air and buying a raft of assets with that $1 trillion, then central banks will solve the problem by creating the $1 trillion out of thin air--nothing could be easie
President Donald Trump's budget chief said not to take the president's suggestion that Puerto Rico's debt would be "wiped out" literally, as the territory's bonds plunged to a record low on Wednesday.
Today we'll continue to size up the bull market in governmental promises.
There are a lot of financial time bombs that the U.S. government, and state governments, have created.
Right now, the United States is officially $20 trillion in debt.
No one really cares about the U.S. federal debt," remarked a colleague and Economic Prism reader earlier in the week. "You keep writing about it as if anyone gives a lick."
It's like a credit limit on your credit card, but one which the borrower (the US government) gets to set for itself.
The largest threat to our prosperity is government spending that far exceeds the authority enumerated in Article 1, Section 8 of the U.S. Constitution.
Traficant Speech March 17th 1993
When will America finally wake up? The borrower is the servant of the lender, and we now have a colossal 20 trillion dollar chain around our collective ankles.
(CNSNews.com) - The federal debt officially surpassed $20 trillion for the first time on Friday, as the debt subject to the legal limit set by Congress jumped $317,645,000,000 in one day--following President Donald Trump's signing of a spending-and-d
Kentucky Sen. Rand Paul is unveiling a blueprint to divert unspent foreign aid to cover hurricane relief and cleanup costs, an "America First" proposal to spend U.S. taxpayer money where it is needed most, Secrets has learned..
President Trump and Senate Minority Leader Charles E. Schumer (D-N.Y.) have agreed to pursue a deal that would permanently remove the requirement that Congress repeatedly raise the debt ceiling, three people familiar with the decision said.
Russians are concerned about Washington's arbitrary closing of their San Francisco consulate and the illegal searching of diplomatic properties. There is no question that Washington has violated diplomatic protections and international law.
Politico reports that President Donald Trump suggested to congressional leaders on Wednesday morning that votes to raise the debt ceiling could be done away with altogether, according to three people familiar with the conversation.
To download these notes in a handy PDF, CLICK HERE.
It appears President Trump has found a new ally in Congress:
With Hurricane Irma expected to make landfall in Florida sometime on Sunday according to the latest NHC forecast, investor attention is shifting to Catastrophe Bonds, which at least in some cases already, have lost as much as 50% of value in the past