By 2024, All US Debt Issuance Will Go To Serve Interest Payments Alone

by Andrew Bieszad Earlier in 2019 I asserted that based on historical patterns, the current state of the economy suggests 2003-type patterns that lead up to the great crash of 2007-2008. I have been warning consistently that one should heed these patterns, and begin to make economic preparations. Having noted this, a report has recently come […]

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4 Takeaways from New Report on Our Nation’s Grim Fiscal Future

A new government report has given us a glimpse into our nation’s fiscal future, and the outlook is grim. Absent major reforms, America’s debt will only continue to balloon. The Congressional Budget Office released its updated long-term budget report on Tuesday, which projects the nation’s fiscal situation for the next 30 years. Despite the strong […]

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Credit card debt hits new record, raising warning sign

Paul Davidson, USA TODAY Americans’ outstanding credit-card debt hit a record in November, highlighting a more confident U.S. consumer but also flashing a warning signal of potential trouble down the road. Revolving credit, mostly credit cards, increased by $11.2 billion to $1.023 trillion, the Federal Reserve said Monday. That nudged the figure past the $1.021 trillion high-water […]

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Stop deceiving Americans with the term ‘government shutdown’

(lp.org)  It’s a government slowdown , not a shutdown. If you read this Libertarian news release, yet continue to use the term ‘government shutdown’ in news reports, then you’re willfully deceiving the American people. News media commonly warns that a ‘government shutdown’ will result if there’s a breakdown in funding negotiations between Democratic and Republican politicians. But […]

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Forgiveness Won’t Solve the $1,300,000,000,000 Student Loan Problem

With outstanding student loan debt now exceeding $1.3 trillion, it is no wonder that the sticker price of college tuition has gotten a lot of attention in 2016. Yet few proposals have gotten to the root of the college cost problem. Despite overwhelming evidence that more federal subsidies for higher education increase tuition prices, policies […]

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