Showing posts with label Treasury Department. Show all posts
Showing posts with label Treasury Department. Show all posts
Wednesday, June 11, 2025

I guess stocks didn't like the monthly Treasury statement indicating worsening fiscal conditions lol

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Five months in, the Trump administration still doesn't have spending under control with the fiscal year to date deficit running 13.5% higher than last year to this point

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Deficit FY 2024 through May: $1.202 trillion Deficit FY 2025 through May: $1.364 trillion Difference: $162 billion MORE in the hole than las...
Thursday, April 10, 2025

No DOGE savings show up in March US Treasury Statement of Receipts and Outlays of the Federal Government, but higher deficits sure do, $242 billion higher year to date than last year

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   The fiscal year to date deficit last year was $1.064691 trillion. The fiscal year to date deficit this year is $1.307132 trillion, $242.4...
Friday, February 14, 2025

Former S&P sovereign bond unit executive who participated in the Obama era 2011 credit downgrade basically calls Trump's America a banana republic, and DOGE not a proper government department

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  WSJ:   What about DOGE’s   accessing the Treasury Department’s   payment system? Kraemer:   We don’t have all the details of what they too...
Saturday, February 8, 2025

Obama appointed judge, Paul Engelmayer, issues sweeping order banning Musk and his allies from accessing the US Department of Treasury payments system

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 Federal Judge Blocks Elon Musk’s DOGE From Treasury System: Order requires those who have accessed payment records without proper security ...
Sunday, May 19, 2024

The obscenity of US national debt at $34.5 trillion notwithstanding, the value of grand total foreign ownership of it is up almost $529 billion year over year in March 2024 to a record high of . . .

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. . . $8.091 trillion. An almost 7% increase. Here . Meanwhile : Bridgewater Associates founder Ray Dalio told the Financial Times a few d...
Friday, March 22, 2024

Compromise spending bill passes US House 286-134 bringing fiscal year 2024 federal discretionary spending to $1.659 trillion through September

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 WASHINGTON — The House voted 286-134 on Friday to pass a sweeping $1.2 trillion government funding bill , sending it to the Senate just hou...
Sunday, November 5, 2023

Despite US Treasury department manipulation of the yield curve last week and another Fed pause, yields still average above five in the aggregate

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 We saw a much bigger surge into bonds in March, but yields persisted. With inflation, employment, and nominal GDP all still strong, Treasur...
Monday, October 23, 2023

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...
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, August 27, 2021

Taliban blunders story by NBC is complete rubbish designed to absolve the Taliban: What the Taliban did was intentional and precisely gives them the cover these naive reporters bought hook, line and sinker

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In their push to retake Afghanistan, the Taliban made the security situation much more precarious by breaking prisoners out of prisons — i...
Sunday, April 16, 2017

Maxine Waters is a discredited has been, got a federal TARP bailout for husband's bank

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From the story in March, here : During the height of the 2008 fiscal crisis, Waters helped arrange a meeting between the Treasury Depa...
Thursday, March 23, 2017

AP finally runs story detailing Treasury's leadership of Trump-Russia investigation

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Gee, how does the Treasury Dept. "collect a vast repository of records" in order to "piece money trails together and identi...
Monday, March 6, 2017

New York Times in print version reported American wiretaps provided to Obama White House, now we're supposed to believe there weren't any?

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Here , January 19, 2017, in "Intercepted Russian Communications Part of Inquiry Into Trump Associates": The F.B.I. is leadin...
Tuesday, November 10, 2015

Trump denounces Chinese state capitalism, throws down gauntlet committing the USA to a policy of containment

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In The Wall Street Journal, today: "China’s economy is controlled by the government. Any notion that their economy is based on ...
Tuesday, November 3, 2015

Debt ceiling follies: The total public debt hit $18.152 trillion in mid March, but somehow the Treasury Dept. kept paying the bills for eight months without defaulting

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March 2015 November 2015
Saturday, October 31, 2015

The New York Times criticizes Republican tax plans, pretending revenues are needed to cover spending

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Here : "All of these candidates deny fiscal reality. In the next 10 years, revenues will need to increase by 40 percent simply ...
Monday, November 25, 2013

Crony Socialism: Fed Profits On College Student Loans Rank Third Behind Exxon-Mobil And Apple!

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Or is that socialist cronyism? Anyway, those thirsty blood suckers in the federal government made $41.3 billion off the nation's college...
Monday, September 30, 2013

Total Public Debt Outstanding Kept At $16.738 Trillion By Treasury Dept. For Four Months!

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I can't show you all of the data because the format is too long for me to capture it all in a single screen shot. All of June, all of Ju...
Tuesday, September 3, 2013

Fed Tapering QE "In Part To Relieve The Collateral Scarcity"

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Mentioned here by Peter Coy: The abrupt shrinkage of the budget deficit this year caused the Treasury Department to cut back on issuance of...