MicroGroks
Modern Monetary Theory (MMT) basically says most fears about budget deficits are wrong and dangerous. The federal deficit is projected to swell to $4 trillion this year. Republicans are nervous. Democrats are eager to spend trillions more.
We have replayed this time and again… and time and again. First, the government causes a problem. Next. they declare the problem they are the cause of, a crisis. Then, the government raises taxes and usurps more of our freedom. The government then bills itself as the solution.
What did you spend for coronavirus bailout money for higher Ed institutions? Harvard decided not to apply for their $9 million share of the $2.2 trillion CARES Act. With an endowment of over $40 billion that is very gracious.
A dispute is brewing about debt, deficit, and disease. Government spending has inflicted a multi-trillion dollar deficit in America. Recent reports are projecting the single year federal budget deficit will swell to nearly $4 trillion.
Democrats and U.S. Postal Service officials are seeking a $75 billion bailout from taxpayers. Bad idea. They are trying to use the coronavirus to hide the bailout. But the USPS did not wake up yesterday and find itself in need of a $75 billion bailout.
Another trashbin bailout bill is making its way through congress. Democrats made fools of themselves blocking an earlier version to stuff it with unrelated left-wing garbage. But now that this sh*t show is on the road to the House Sen. Shaheen is claiming victory. Not so fast.
You can pay me now or you will pay me later. That’s what your mechanic will tell you when you bring your car in. We pay for the maintenance now or we pay for the repairs later. But we are going to pay. The question is only how much and when. Is increasing national debt …
America has had its first-ever bond auction where there were no buyers… Read More »
Is America’s economy really booming? Yes, the economic indicators all show the economy is booming. Sure, unemployment is at a record low. The stock market is seeing record highs. We can see wages are up, and taxes are down.
America must stabilize spending and reverse debt growth. That is the budget America needs. To accomplish the goal lawmakers must pursue bold reforms. An area where the president’s budget falls short is in addressing the growth of entitlement spending.
Last night a candidate for statewide office made a presentation. The candidate said deficit and debt should be a tertiary priority. This strikes me as myopic. Truth be told it made me a little angry.
