President Donald Trump is not pleased with only a quarter-point rate cut earlier this month by the Federal Reserve. He wants more and more! Although the central bank is widely expected to cut interest rates by another 25 basis points as early as next month, President Trump thinks it should be more aggressive. He tweeted: […]
Archives for August 2019
LOL: Pete Buttigieg says he’s ‘more concerned about the debt’ than other Democrats
Nobody cares about the debt anymore. On the cusp of topping $23 trillion, in addition to the $200 trillion in unfunded liabilities and expenditures, Republicans and Democrats will use it, on occasion, as a political football. But, for the most part, nobody really cares. And why would they? Both parties contributed to the skyrocketing debt. […]
As debt surges to $1 trillion, what happens in the next recession?
By: Ryan McMaken The Treasury Department released new budget deficit numbers this week, and with two months still to go in the fiscal year, 2019’s budget deficit is the highest its been since the US was still being flooded with fiscal stimulus dollars back in 2012. As of July 2019, the year-to-date budget deficit was 866 […]
Peter Navarro: ‘Wall Street Journal Never Saw an American Job It Didn’t Want to Offshore’
Well, it looks like the beef between Peter Navarro and The Wall Street Journal is heating up (SEE: WSJ to Peter Navarro: Are bond, equity markets ‘Commies too?’). Grab the popcorn! President Donald Trump’s chief trade adviser Peter Navarro, the mercantilist-in-chief, went after the newspaper in an interview with ABC’s “This Week.” Despite being one […]
Random Friday: $1 trillion deficit, recessions, Elizabeth Warren saving Natives
News Story of the Day: So much for fiscal conservatism from the Republican Party… It was reported this week that the July budget deficit ballooned to $120 billion, up from a $77 billion shortfall from the same time a year ago. The primary cause? Spending. The government spent 23 percent more, primarily on Social Security, […]