Wolf Richter at Wolf Street. Consumer credit – auto loans, student loans, and revolving credit such as credit card balances and personal loans, but not housing-related debt such as mortgages and HELOCs – grew 5.4%, or by $208 billion, in the second quarter compared to...
debt
Bring our troops home from the Middle East. Now
by Steven Woskow | Jul 23, 2019 | Blog
Bonnie Kristian in the L.A. Times Our foreign policy going forward should be informed by what this recent poll shows most Americans have already realized: The wars in Iraq, Afghanistan and Syria weren’t worth it. They cost us dearly in every respect: indebted future...
April tax Receipts Up 1.8% at $2 Trillion
by Steven Woskow | May 13, 2019 | Blog
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...
Space Weapons, North Korea, & Citgo
by Kyle Anzalone | Mar 20, 2019 | Conflicts of Interest
On FPF #324, I break down several important news stories. An IG report shows billions of dollars were spent on the F-35 without oversight, and the US is planning to invest over $300 million on space lasers. The US will allow Citgo to make debt payments to Venezuela....
Proof That “the Rich” Aren’t Going to Fund the Tidal Wave of New Spending
by John Phelan | Mar 2, 2019 | Economics, Featured Articles
So, $47 billion on free college tuition; $1 trillion for new infrastructure; $1.4 trillion to write off student loan debt; at least $7 trillion on a Green New Deal; $32 trillion on “Medicare for All.” By one estimate, these new spending proposals total an estimated...
U.S. National Debt Tops $22 Trillion
by Scott Horton | Feb 13, 2019 | Blog
Is that alot?
The Antiwar Comic: The Global War on Terror Memorial
by Tony DiGerolamo | Dec 30, 2018 | Blog
Just when I think D.C. can't sink any lower... For more comics, visit The Webcomic Factory.
11/27/18 Hunter DeRensis on the Bankruptcy of the American Empire
by Scott Horton | Nov 28, 2018 | The Scott Horton Show
Hunter DeRensis joins the show to talk about his recent article for the American Conservative Magazine. He cites Stein's law, named for economist Herbert Stein, which says that if something can't go on forever, it will stop. This seems obvious, but people frequently...
Blog
Justin Raimondo Speech, ‘Why War Matters’
Our Anti-Imperialist Heritage Audio: From the Rothbard-Rockwell Conference in November 1995. Thanks to Pete.
KC-46A Pegasus Refueler Failure Continues
One of the components of American strategic projection has been the world's most prodigious and sophisticated aerial refueling fleet. There are currently approx 400+ KC-135s capable of refueling two receiver aircraft at the same time in the current USAF fleet. The...
No Longer Born to Kill – Anti-War Blog
Recently Amazon removed the “Born to Kill,” from Jokers helmet for the film Full Metal Jacket. The words sit alongside the peace emblem on his steel helmet and makes for an iconic film poster. So it once did. The words perhaps too violent for modern audiences...
Fiji Follies Mimic First World Navigation Problems
There are now eight (there were nine before this disaster) total patrol vessels in the navy of Fiji; this is simply negligence and lack of proper training much like the US Navy collisions in 2017. It is extraordinarily expensive to reconstitute a vessel that has...
Up in Smoke: The Other Space Race Continues
A comprehensive ban on all nuclear testing occurred in the 1990s. The Soviet Union's last nuclear test took place on 24 October 1990; the United Kingdom's on 26 November 1991 and the United States' on 23 September 1992. Advances in the ICBM arena have continued apace...
Robert Fisk – The Road to Palestine – Anti-War Blog
In Part Two of his Three part series, From Beirut to Bosnia, Robert Fisk gives detail to the tragedy of Palestine. As it was then when the series was made, 1993, the people of Palestine had already suffered tremendously. A lost people, those blamed for the crimes of...