Unfortunately, spending is up 7.6% to $2.57 trillion. The largest increase is debt service, up 13.6% from last year. This is in a low interest rate environment. The Fed is trapped in maintaining low interest rates. Danielle DiMartino: “Fed controlled rates theoretically set floor. Investors ultimately determine rate at which governments borrow. Artificially low floor drags down curve unless Fed loses control.”
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"It may with reason be said, that in the manner the English nation is represented, it signifies not where this right resides, whether in the Crown, or in the Parliament. War is the common harvest of all those who participate in the division and expenditure of public...
Keaton Weiss, from Due Dissidence, joins the Kyle Anzalone Show to discuss the US-Israel relationship.
I was astonished in 2009 when I saw the cancellation of the Future Combat System contract to usher in the next generation of armored vehicles. The Army cancelled the billions-dollar program and got to witness the Army continuing to burns through tens of millions a...
