DAVOS, Switzerland — World Economic Forum, (1/22/19) A Bleak Warning on Global Division and Debt A surprisingly alarming letter from an influential investor who studiously eschews attention has already emerged as a talking point. The letter says mounting debt since the financial crisis could lead to a panic. The letter, written by Seth A. Klarman, a billionaire […]
America’s hubris in Iraq: the history – On Thursday, the US Army War College published a monumental and authoritative history of the Iraq War. Peter Bergen called it a devastating portrait of blunders — by Defense Secretary Donald Rumsfeld and other American officials — that cited “an emboldened and expansionist Iran” as the only apparent […]
CBN – With US Debt Spiraling Out of Control at Nearly $22 Trillion, This Man Is Tasked With Slashing It 12-19-2018 Ben Kennedy THE WHITE HOUSE – The US deficit has been soaring every year for the past decade, and all that deficit spending has spiked the US national debt to a stunning $21.8 trillion. Washington racked […]
In a Bloomberg article, “Skyrocketing Deficits? So What, Says New Washington Consensus” the Editor writes: “With its plaintive call for balanced budgets, the fiscal hawk once pervaded Washington. But it’s getting harder to spot one. That’s because of President Donald Trump, and the equal-and-opposite reaction he’s provoked on the U.S. left. Trump is proving as […]
Ben Holland, Bloomberg Editor, penned a 12/21/18 article noting: “Halfway through Donald Trump’s first term, it’s getting easier to piece together an account of how his policies are supposed to drive economic growth. And the economy is, in fact, expanding pretty fast –- but not necessarily for the reasons Trump said it would. The president […]
Howard Schultz recently announced he will step-down as Starbucks’ Chairman at the end of the month. Conventional thinking he is planning on running for office. He was a guest on CNBC on Tuesday 6/5 and made some very interesting comments on US Debt. Here is the link: CNBC-Howard Schultz.
Today, the New York Times wrote an article about Trump declaring we are Winning. Following was a comment I posted. “I’m sorry but we’re going to keep winning, winning, winning – …that is what it is all about.” Mr. Trump, that’s not what is all about – it’s how we win, and win for the […]
3 Ways to Reduce the Debt, and 3 Reasons Why It Won’t Happen By Kimberly Amadeo Updated October 31, 2017 – Source “the balance” The U.S. debt is more than $20 trillion. It’s by far the largest in the world. It has increased by $1 trillion each year since 2007. The debt grew despite Congressional threats to not […]
Hardworking taxpayers who paid into Social Security and Medicare all of their working lives, with the promised it will be there for them, know them as “Earned Benefits.” On the other hand, Elected Politicians call Social Security and Medicare “Entitlements.” This is not a minor distinction. It’s like the difference between – they have a legal […]
I try not to get involved in politics outside of the national debt. But US meddling, conflicts and wars in the Middle East have crippled US financially. The following post is in reply to Trump’s announcement of recognizing Jerusalem as the capital of Israel. Who Do We Think We Are? The US has once again […]
