Showing posts with label Spending 2023. Show all posts
Showing posts with label Spending 2023. Show all posts
Saturday, December 2, 2023

In obscure economic news, the death economy really boomed in 2021 for some reason

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Wednesday, November 29, 2023

Inflation remains very, very profitable for corporations and federal government spendthrifts, at your expense

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Thursday, November 23, 2023

German court rules emergency spending on climate change is unlawful, coalition government forced to freeze outlays under debt brake rules

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Story here . Freeze. Lolz.
Thursday, November 16, 2023

US House Democrat minority leader Hakeem Jeffries crows over passage of more of the same old, same old bloated spending by continuing resolution

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Looking forward to a Moody's downgrade, if they've got the guts. Congress certainly doesn't.   Senate sends funding bill to Bide...
Sunday, October 29, 2023

Government does this every single day, I don't see what the problem is

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  Many Are Spending More Than They Earn, Dimming Financial Outlook
Saturday, September 30, 2023

US House passes 45-day government funding bill 335-91 minus Ukraine aid

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  The House measure would fund government at current 2023 levels for 45 days, through Nov. 17, setting up another potential crisis if they f...
Friday, September 29, 2023

The three year and five month embarrassment of core inflation higher than the 10-year Treasury yield finally ended in August

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 Yield for the 10-year US Treasury rose to an average 4.17% in August 2023 while core inflation year over year fell to 3.87% in August 2023....
Wednesday, September 6, 2023

Chris Christie credits Fed interest rate policy for denting government-spending-induced inflation but misses the role of collapsing energy prices

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 Chris Christie is a smart guy with many of the right ideas about government spending, taxes, inflation, energy, and the environment. But it...
Friday, August 4, 2023

The US debt downgrades of 2011 and 2023 have one thing in common: Nancy Pelosi's record of the four most fiscally irresponsible years in the post-war

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Nancy Pelosi owns the record for the four most fiscally irresponsible years in the post-war, spending 316% of tax receipts in 2020, 276% in ...
Tuesday, May 30, 2023

Thomas Massie of Kentucky voted for the rule advancing the debt ceiling compromise to the House floor because the compromise contains the Penny Plan and a return to regular order

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 The Penny Plan would be triggered in the event 12 appropriations bills are not passed by Jan. 1 annually, automatically reducing spending 1...

The debt ceiling compromise freezes spending in the next fiscal year about $400 billion too high, and does nothing to pay for the $4.9 trillion added to the debt over and above "normal" deficit spending

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The Washington Examiner, here : In exchange for a two-year hike in the federal borrowing limit, the legislation roughly freezes next year...
Wednesday, May 3, 2023

Besides their bad character, what do Trump and Obama have in common in 2009 and 2020?

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 Trump and Obama signed off on the two most fiscally irresponsible periods in post-war history, and Biden two years in looks set to join the...
Tuesday, May 2, 2023

As usual the media and the Democrats, but I repeat myself, are portraying the House Republican bill which lifts the debt ceiling by $1.5 trillion as a bill with "big spending cuts"

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This is how NPR, who else?, frames the issue from the beginning: The House of Representatives has narrowly approved a Republican bill to ra...
Friday, April 28, 2023

Latest inflation reads show entrenchment, Fed will have to go higher and stay higher for longer but Congress must cut spending and raise revenues

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 The Fed can do only so much, but a Fed Funds Rate of 4.83 is hardly adequate for current conditions. The fiscal side in this, however, has ...
Tuesday, January 31, 2023

US Treasury Department in fiscal 2021 said US fiscal policy is unsustainable because debt to GDP will reach 700% by 2096

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 Caused by deficit spending. In other words, required spending by legislated programs is not being matched by required tax increases to fund...
Friday, January 27, 2023

Noted "bond king" Jeff Gundlach is unaware of the existence of the 27th Amendment, and wants to decrease bond supply to increase its value!

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What a shock, huh? No deficit spending means no borrowing, and no new bonds, making the existing dwindling supply worth more and more! Serio...