Search Result for “debt ceiling”

For once, I’d just like to see the US Congress only spend money on what the Constitution gives them the authority to spend money on, but it’s not going to happen. The latest debt ceiling compromise has demonstrated both the hypocrisy of Speaker of the House Paul Ryan and the …
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On Wednesday, the temporary suspension of the debt ceiling ended, and so now the federal government is not going to be able to go into any more debt until the debt ceiling is raised.  For the moment, the Trump administration can implement “emergency measures” to stay under the debt limit, …
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The US Treasury’s recent announcement that the government will reach the debt ceiling on November 3 means Congress will soon be debating raising the government’s borrowing limit again. Any delay in, or opposition to, raising the debt ceiling will inevitably be met with hand-wringing over Congress’ alleged irresponsibility. But the real …
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Last week, President Donald Trump demonstrated that he’s more than willing to work with Democrats to push us further in debt by raising the debt ceiling rather than get spending under control like he promised on the campaign trail. Following that little song and dance last week, the US federal …
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But, but, but you are told by the administration that the economy is booming…. yes, booming with fiat currency, inflation, and more debt on your backs and your children’s and their children’s backs… just like the previous administrations before this one.  Now, the US Treasury is expected to borrow at …
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When will America finally wake up?  The borrower is the servant of the lender, and we now have a colossal 20 trillion dollar chain around our collective ankles. We have willingly enslaved ourselves, our children and our grandchildren, and yet our addiction is so insatiable that we continue to add more …
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There has been a tremendous amount of talk about the spending deal that was just reached in Congress. Most of the focus has been on who “won” and who “lost” politically, and if you have been keeping up with my articles you definitely know my opinion on the matter. But …
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April 2017 could turn out to be one of the most important months in U.S. history that we have seen in a very long time.  On April 6th, Donald Trump attacked Syria on the 100th anniversary of the day that the U.S. officially entered World War I, and now at …
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According to the International Monetary Fund, global debt has grown to a staggering grand total of 152 trillion dollars.  Other estimates put that figure closer to 200 trillion dollars, but for the purposes of this article let’s use the more conservative number.  If you take 152 trillion dollars and divide …
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If anyone ever asks you how much debt there is in the world, now you will know the answer.  According to the IMF, the total amount of debt around the globe has now hit a staggering 152 trillion dollars.  That is an amount of money that is almost unimaginable, and …
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