Until they do. The federal budget deficit for 2019 is estimated at $984 billion, a hefty 4.7 percent of gross domestic product (GDP) and the highest since 2012, the Congressional Budget Office (CBO) said on Monday. The difference between federal spending and revenue...
deficits
This Chart Explains Why the US Debt Trajectory Is Unsustainable
Earlier today we discussed a report by Goldman Sachs which, when summarized, suggested that unless something significant changes in the coming years, the current US fiscal policy will lead to a debt catastrophe. In an unprecedented warning, the bank which spawned...
Now Comes Boondoggle Don — Why Infrastructure Won’t MAGA
America's economy is faltering not from too little infrastructure spending, but from too much debt----$67 trillion of total public and private debt, to be exact. So it appears that the bond vigilantes are returning from 24 years of hibernation just in the nick of time...
Now Comes Boondoggle Don — Why Infrastructure Won't MAGA
America's economy is faltering not from too little infrastructure spending, but from too much debt----$67 trillion of total public and private debt, to be exact. So it appears that the bond vigilantes are returning from 24 years of hibernation just in the nick of time...
How Government Budget Deficits Make Us Poorer
According to some commentators the US federal budget deficit still remains a major economic problem notwithstanding that it draws less attention than in the past. The Federal Government budget had a surplus of $33.4 billion in September against a surplus of $90.9...
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The National Debt and You: What it Is, How it Works, and Why it Matters
Provoked: How Washington Started the New Cold War with Russia and the Catastrophe in Ukraine
Over and over, U.S. government officials and their mainstream media allies called Russia’s 2022 invasion of Ukraine an “unprovoked attack.” The slogan became so overused that people began to ask the obvious question: Why do they protest so much? In Provoked: How...
