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Book Review: The Deficit Myth: Modern Monetary Theory and the Birth of the People’s Economy
BOOK REVIEW: THE DEFICIT MYTH: MODERN MONETARY THEORY AND THE BIRTH OF THE PEOPLE’S ECONOMY In January, the Congressional Budget Office (CBO) released its Budget and Economic outlook for 2020 to 2030. It is horrific reading. Federal budget deficits are projected to rise from $1.0 trillion this year to $1.3 trillion over the next 10 […]
The Financial Apocalypse: The Market Faces A $12 Trillion Reckoning
The Financial Apocalypse: The Market Faces A $12 Trillion Reckoning Global markets are now facing a $12 trillion dollar reckoning. The problem is staring the financial apocalypse right in the face and has the potential to accelerate the coming stock market crash. A recent report from the Congressional Budget Office has warned that deficits will total $11.6 […]
US Debt: Bomb or Overblown?
US Debt: Bomb or Overblown? SUMMARY The latest report from the Congressional Budget Office (CBO) is enough to curdle the blood of any fiscal conservative. According to the report, US federal debt held by the public relative to GDP currently stands at 78 percent (debt issued in Treasury securities). If current trends hold, that number […]
Disaster Awaits: National Debt Will Be 6 Times The Size Of The Economy
Disaster Awaits: National Debt Will Be 6 Times The Size Of The Economy Even without changes to the current spending policy, the government’s spending is on an unsustainable path. By the time a child born in 2018 reaches retirement age, the United States national debt will be six times the size of the economy according to […]
Soaring Deficits and Interest Costs Leave the U.S. Looking Very Fragile
Soaring Deficits and Interest Costs Leave the U.S. Looking Very Fragile If you take a step back and look at the macro picture of the U.S. economy – it resembles a huge, upside-down, glass pyramid. Constantly teetering back and forth – struggling with everything it has to keep from collapsing. And so far – it’s […]
CBO Warns Of Fiscal Catastrophe As A Result Of Exponential Debt Growth In The U.S.
CBO Warns Of Fiscal Catastrophe As A Result Of Exponential Debt Growth In The U.S. In a just released report from the CBO looking at the long-term US budget outlook, the budget office forecasts that both government debt and deficits are expected to soar in the coming 30 years, with debt/GDP expected to hit 150% […]
America’s National Debt Bomb Caused By the Welfare State
AMERICA’S NATIONAL DEBT BOMB CAUSED BY THE WELFARE STATE The news is filled with the everyday zigzags of those competing against each other for the Democrat and Republican Party nominations to run for the presidency of the United States. But one of the most important issues receiving little or no attention in this circus of […]
A Comprehensive Breakdown of America’s Economic House of Cards | First Rebuttal
A Comprehensive Breakdown of America’s Economic House of Cards | First Rebuttal. I was going over some of my older posts to review what was being discussed at the beginning of this year and what the perspectives were at that time. I found an interesting piece I wrote at the beginning of the year. I had just watched Janet […]
