Economics
On Oct 1, the #NationalDebt hit $27 Trillion. Trump blasted $7 trillion in 4 years, compared to $9 trillion in 8 years under Obama. @mmaharrey10th pic.twitter.com/O2ZPUoSKXR
— TenthAmendmentCenter (@TenthAmendment) October 6, 2020
Somebody Is Going to Have to Pay for All This
On Oct. 1, the national debt surged past $27 trillion. The scary thing is nobody seems to care. In fact, they want to spend more. But at some point, somebody has to pay for all of this. That means you and I. On Oct 1, the #NationalDebt hit $27 Trillion. Trump blasted...
The Fed’s Brilliant Plan? More Inflation and Higher Prices
Federal Reserve Chairman Jerome Powell recently announced that the Fed is abandoning “inflation targeting” where the Fed aims to maintain a price inflation rate of up to two percent. Instead, the Fed will allow inflation to remain above two percent to balance out...
July Federal Budget Deficit a “Mere” $63 Billion
Good news! The federal budget deficit for July was only $63 billion, according to the latest Monthly Treasury Statement issued by the Treasury Department. Of course, this isn’t really good news. Sixty-three billion is a huge number. I say “only” simply because...
A Cure Worse Than the Illness
Government broke the economy. Now it’s promising to fix it. The “fix” will almost certainly be worse than the problem it created to begin with. Most people remain blissfully ignorant of the economic wounds inflicted on the U.S. economy by the...