Author: admin

Davos – A Bleak Warning on Global Division and Debt

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 […]

Elected Politicians’ Mismanagement in Iraq Forced Taxpayers to Borrow approx. Two Trillion Dollars

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 […]

Skyrocketing Deficits? So What!

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 […]

Are We Winning?

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 […]

Will the U.S. Debt Ever Be Paid Off?

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 […]