We're Not One of Them. We're One of You.

At the Libertarian Institute, we feature independent intellectuals who strive to understand our world and communicate that understanding to you. We don’t work for Lockheed or K Street or Qatar. We work for you. Support the Libertarian Institute Today!

$1,540 of $60,000 raised

David Stockman: Off The Charts!

by | Apr 10, 2020

David Stockman: Off The Charts!

by | Apr 10, 2020

From the Contracorner (paywall):

It took 213 years and 43 presidents—-from George Washington to Dubya Bush—- to generate the first $6 trillion of public debt. Now a mad man in the Oval Office and a herd of Capitol Hill larcenists will be doing it in just 700 days.

Actually, at the rate they are going we think it could be even worse. For instance, during the first six business days last April, Uncle Sam collected $87.5 billion in tax receipts, but this year during the same six days the take plummeted by 20% to just $70.1 billion; and that occurred before employer withholding payments were fully zapped by the 17 million of initial unemployment claims filed during the last three weeks.

You might wonder whether the numbskulls down in Washington are out of their minds. Even Goldman Sachs now forecasts that the budget deficit will hit $3.6 trillion in FY 2020 or an incredible 16% of GDP; and that the two-year total (including FY 2021) might hit $6 trillion.

Scott Horton

Scott Horton

Scott Horton is director of the Libertarian Institute, editorial director of Antiwar.com, host of Antiwar Radio on Pacifica, 90.7 FM KPFK in Los Angeles, California and podcasts the Scott Horton Show from ScottHorton.org. He is the author of four books. He has conducted more than 6,000 interviews since 2003. Scott lives in Austin, Texas with his wife, Larisa Alexandrovna Horton.

View all posts

Our Books

Shop books published by the Libertarian Institute.

libetarian institute longsleeve shirt

Our Books

15 books

Recent Articles

Recent

Indeed

A declaration of the University of the Intuitively Obvious. Spicy times ahead. My Substack   Email me at cgpodcast@pm.me

read more
We’re Not One Of Them. We’re One Of You.

We’re Not One Of Them. We’re One Of You.

The life of a state-intellectual is charmed. They get a cushy job at a think tank funded by weapons manufacturers, the Pentagon, USAID, and foreign governments. They get invited on power faction media and platformed as essential thinkers. They get professorships at...

read more

Pin It on Pinterest

Share This