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Government Debt hits $66 Trillion – 80% of Global GDP

Government debt hits record $66 trillion, 80% of global GDP, Fitch says Jeff Cox| @JeffCoxCNBCcom A 1/23/19 CNBC article offers key points on global government debt. Following are some noted points from the article: Government debt hit $66 trillion through the end of 2018, or about 80 percent of global GDP, according to Fitch Ratings. […]

China is smart and has been around for Centuries. The US and its Mounting Debt?

The other reason for China’s slowdown: Debt From CNN Business’ Chris Isidore (1/24/19) Much of the discussion about the slowdown in China’s economy has focused on the growing trade dispute between China and the United States. But not enough attention has been paid to deliberate decision by the Chinese government to cut back on its […]

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 […]

$22 Trillion – US Debt Spiraling Out of Control – Who You Going to Call…?

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 […]

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 […]

Deficit Spending – The Secret Behind Trump’s Economic Growth

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 […]

Starbucks’ Howard Schultz – $21 Trillion Debt is Greatest Threat to US Domestically

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.  

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 […]