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
Monday, October 23, 2023

US Treasury yields making new highs for this cycle as of Oct 19, 2023

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Massive Treasury issuance to pay for massive pandemic spending has driven yields higher.   It's the law of supply and demand: Increase t...

US pandemic debt orgy described as fiscal slippage lol

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It's so indicative of our degeneracy how economic profligacy must not be described that way in this day and age where anything and every...
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 27, 2023

It turns out that former S&P Sovereign Ratings Committee Chair John B. Chambers, who presided over the AAA downgrade in 2011, is a partisan wackadoodle

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  Here commenting about today: “The external position is about the same, but I think the governance has weakened and the fractiousness of ...
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 ...
Friday, July 14, 2023

The national debt is up $1.06 trillion since May 31, 2023

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 To $32.518 trillion on July 12th. It was $23.171 trillion on January 2, 2020, $9.347 trillion ago. InflAtIOn Is sO OvEr.
Thursday, June 15, 2023

Congress went on a spending orgy since 2019 adding $8.77 trillion to the national debt and dimwits blame the Fed for being unable to control inflation

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 Inflation is always and everywhere a monetary phenomenon. Blame yourselves. You elected them.   The chief penalty is to be governed by some...
Saturday, June 10, 2023

The national debt is up $457 billion since May 31st

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Friday, June 2, 2023

Debt ceiling compromise clears the US Senate 63-36, Republican Senators extract pledge from Chucky Schumer for more defense spending which amounts to a pig in a poke so 31 vote against it anyway

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Hello, all spending bills must originate in the House. Some Senate Republicans are pretending you don't know that. What a joke.   CNBC :...
Wednesday, May 31, 2023

The US House passed the debt ceiling compromise 314-117 this evening

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  Seventy-one Republicans and 46 Democrats voted against the bill in the House — mostly liberals and conservatives protesting specific pro...
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...
Monday, May 29, 2023

The lie of the day comes from Reuters via CNBC

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... the national debt, which at $31.4 trillion is roughly equal to the annual output of the economy.   More .   1Q2023 GDP, 2nd estimate: No...