Tag Archives: National Debt

What U.S. Deficits and Debt Mean To You, Unspun

Politicians, even Mr. Trump, avoid honest economics like a bomb-laden jihadi avoids the airport x-ray machine. For very similar reasons. But the rest of us must live in economic reality, unlike the politicos. Thus, politicians in Washington can accept budgets … Continue reading

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When “Buy Now, Pay Later” is Government Policy …

The “Affordable Care Act” (Obamacare) is costing its ‘beneficiaries’ more each year without escaping annual deficits that must be made up by borrowing. Borrowing is used so that present taxpayers will not notice the costs being heaped upon them; repayment … Continue reading

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Gleanings From The Passing Scene… (Politically Uncorrected)

Another Saturday compendium of current events to annoy, amuse or amaze as you decide. We see something in each; you evaluate for yourself. They are all hors d’oeurvres from the platter of present reality. In Harlem, a group of black … Continue reading

Posted in Affordable Care Act, Barack Obama, Debt, Economics, Education, Flash Mob, Politics, Public Schools, Race, Science | Tagged , , , , , , , , , , , | 2 Comments

Did You Know The National Debt Limit Has Been Suspended?

The U.S. national debt doesn’t matter; we owe it to ourselves. Our politicians appear to believe that, based on performance; is it true? Of course not, silly! Our government owes it, not we, and a chunk is owed to China, … Continue reading

Posted in Debt, Deficits, Democrats, Overspending, Republicans | Tagged , , , , , | 6 Comments

Yellen At The Fed’s Controls: Is Janet Checked Out On Helicopters?

Federal Reserve Chairman Ben Bernanke was nicknamed “Helicopter Benjy” after a speech in which he mentioned dumping money into the economy from helicopters. Years later as Fed Chairman, he has done it instead by buying Treasury and mortgage bonds (i.e. … Continue reading

Posted in Debt, Deficits, Fiscal/Financial Responsibility, Inflation, Overspending | Tagged , , , , , , | 2 Comments

How Spending Continues But We Miraculously Don’t Owe Any More Money

The U.S. Treasury spends money and receives it every working day. It has been spending more than it receives for years and those deficits provide our ever-growing National Debt for politicians to argue over and taxpayers to pay, with interest. … Continue reading

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The Sound of a Second Shoe, Dropping…

We recently noted two South American markers (with some surprise) as the onset of the next phase of the world’s economic collapse. We expected some time to pass before the next one turned up. We were optimists… Last time, we … Continue reading

Posted in Bank Failure, Banks, Debt, Depression, E.U., Europe, Fiscal/Financial Responsibility, Inflation, Overspending, Politics, Recession | Tagged , , , , , | Leave a comment