April tax Receipts Up 1.8% at $2 Trillion

by | May 13, 2019

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.”

 

About Steven Woskow

Steve Woskow is an entrepreneur and was President of Agtech Products, Inc., a research and development company specializing in animal agriculture. He has a Ph.D. in Nutrition and Food Science from Iowa State University. He is retired and lives with his family in Northern Nevada.

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