What happens to the money the feds tax away from the elite? Where does it go? Back to its rightful owners? Does it boost working-class wages?
The private sector faces a recession. Wall Street sees a bear market coming. In Washington, tax receipts will fall…as costs continue to rise.
In America today, it is almost impossible — politically — to cut government spending or to raise taxes. That leaves debt as the only way forward.
Government, always and everywhere, is a way for the few to exploit the many. Modern democracy depends as much on fraud as force. Elite conquerors pretend to respond to the ‘will of the people.’
The US government funded the boom of the last 30 years with debt — which increased, year after year, 2-4 times faster than the GDP needed to pay it.
The Donald goes to ‘The Wall’ and the debate goes on. Meanwhile, we’re losing ground financially. The country is at least $1.2 trillion poorer today than it was in 2016.
In his talks with Democrat leaders yesterday, POTUS apparently lost his temper. He slammed his hand down on the table and walked out.
A big, new danger appeared in Congress this month: Alexandria Ocasio-Cortez, the newest representative of New York’s 14th district.
Stocks advanced a little yesterday. Investors were said to be hopeful about the upcoming trade talks with the Chinese. With a little luck, President Trump will talk to Chinese President … Read More
After a week at the family farm, we had come back to the city for New Year’s Eve. But hardly had the new year begun when the echoes of the old year filled the streets…
Well, we were wrong. We figured the Fed would pause now. Instead, it went ahead with its rate hike and suggested it would pause in 2019.
We were waiting for the big Fed announcement on a rate hike. But what happened? No trumpets. No bells. No heralds. None came.
Central banks have no economic magic. No financial panaceas. No money miracles. They can’t really make an economy run better.
Come the next crisis, our problems will intensify. Tax revenues will plummet. Deficits will grow to $2 trillion a year in 2019 or 2020.