Showing posts with label Spending 2022. Show all posts
Showing posts with label Spending 2022. Show all posts
Thursday, October 27, 2022

Fed Chair Ben Bernanke once famously said on 60 Minutes that if inflation ever got out of control they could raise interest rates in 15 minutes

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 The first Fed rate hike under Powell came in March when inflation was already way out of control, and Americans began loading up their char...

Nominal GDP is up $2.1 trillion in the last fiscal year, the national debt is up $2.5 trillion

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Friday, September 30, 2022

Spiking interest payments on the national debt through 2Q2022 threaten to crowd out other current spending on Social Security, Medicare, and National Defense

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 Wait until the second half is done.  This is going to be ugly.
Sunday, September 25, 2022

Mike Lee is such a phony, advocating for a clean continuing resolution instead of a last minute omnibus, as if there's much of a difference

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 Mike hopes you never hear of regular order again. Here . Last guy to mention it I think was Paul Ryan in 2015: "We need to let every m...
Sunday, September 4, 2022

Money printing getting way ahead of output is the cause of the current inflation

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  US GDP last clocked in at $ 24.883 trillion in 2Q. The total public debt at the end of 2Q is $ 30.569 trillion. That's now a mismatch...
Thursday, June 16, 2022

Are we at war?

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 Asking for a friend.  
Wednesday, May 25, 2022

Federal spending is completely out of control: Outlays dwarf receipts by 69% in 2021

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  :
Wednesday, April 6, 2022

Remember last fall when a bunch of Nobel economists assured us that gobs more spending by Joe Biden wouldn't have serious inflationary impacts?

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 Here's what the ring leader of Tom Nichols' vaunted expert class of economists had to say at the time: Some, however, have invoked...
Thursday, March 10, 2022

The US Senate quickly approved the omnibus spending bill and already has sent it on to Biden for his signature by the deadline tomorrow

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 Story here . I'm guessing that will be the last spending bill of any significance until September when they have to do another continui...

Build Back Better is well and truly dead: House passes $1.5 trillion omnibus to fund federal government through September

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 $780 billion is for the Department of Defense. The bill(s) go to the Senate next. The usual sausage making, with a little spice added in. S...
Thursday, January 6, 2022

Desecration is routine for the US Congress, a filthy stinking Den of Thieves

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