Tag: National Debt

The National Unwinding

Great nations with vast resources and firm foundations have existed for centuries overcoming internal and external threats. Throughout history, many factors serve as threads of continuity allowing countries to prosper, despite occasional missteps in...

Distant Thunder

The current impasse over the increase in the national debt ceiling highlights the longer term issue regarding America’s growing and unsustainable liability. For years, market participants have been signaling their displeasure over our massive...

The Unseen Cost of Government Largesse

The US government recently hit its $31.5 trillion debt limit after years of careening baseline spending on entitlements combined with emergency COVID-19 spending in the last few years to produce record-busting deficits. The new Republican majority...

Markets and Their Day of Reckoning

A worse-than-expected inflation report released Friday spooked the Federal Reserve into contemplating steeper-than-expected interest rate hikes on Monday. That in turn spooked traders into a stock sell-off, driving the S&P 500 into a bear market...

Unhappy Deficit Day?

Even before our nationwide COVID-19 panic attack, we were heading for yet another trillion dollar deficit. Before the dust settled, 30 million Americans had filed for unemployment, those fortunate enough to have jobs were figuring out how to work...

Massive Inflation May Be Coming

The federal government is moving into the final stages of its fiscal life. Deficits have gotten so enormous that the Federal Reserve simply prints the money the government needs. Why? Because that’s the only option left on the table. For years, we...

Charge It

The National debt clock moves so fast that it is impossible to write down the balance accurately at any given time. It rolls along at about $45.00 per second and is now at $22,028,706,063,174.96 (that’s trillion dollars). As much as this...

Here We Go Again: Another Continuing Resolution

If you seriously think that the government will shut down for any extended period of time and the result would be a balanced budget or a more reasonable approach to our spending situation, then I want to tell you that Santa Claus is not coming down...