Ben Bernanke’s zero-interest rate policy (ZIRP) and command-economy efforts to maintain mispricing of risk, debt and assets are destroying capital and capitalism. No wonder his policies have failed so miserably.
To understand why Federal Reserve C…
Tag Archive for Federal Spending
Charles Hugh Smith, Contributors- Economic and Financial, Must Read
Will "Tax the Rich" Solve Our Deficit/Spending Crisis?
by Charles Hugh Smith • • 0 Comments
If we look at tax revenues and income in a practical way, we find “tax the rich” will not close the widening $1.5 trillion gap between Federal revenues and spending.
Clearly, $1.5 trillion annual Federal deficits to fund the Status Quo–fully 10% …
Bears Chat, Best of the Forums
Ron Paul: DC Miser, Galveston Porkmeister
by Bears Chat at The Wall Street Examiner • • 0 Comments
On a gritty street in Galveston, Texas, a few blocks from the Gulf of Mexico, stands a prime example of the largesse of Republican Rep. Ron Paul. Workers here are putting the finishing touches on a new home, one of about 180 that will be built, at t…
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Tough Calculus as Technical Schools Face Deep Cuts
by Bears Chat at The Wall Street Examiner • • 0 Comments
July 9, 2011
Tough Calculus as Technical Schools Face Deep Cuts
By MOTOKO RICH
GREENSBORO, N.C. —
Now, federal funding to provide such vocational and technical education is at risk. President Obama has instead made it a priority to raise overall ac…
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Things Could Get Ugly as Debt Cloud Grows
by Bears Chat at The Wall Street Examiner • • 0 Comments
Investors, already worried about the struggling economy, will be biting their fingernails as they wait to see whether the U.S. government will default on some of its obligations.
That ugly process is likely to be …
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Taking Away The Punchbowl
by Bears Chat at The Wall Street Examiner • • 0 Comments
Whenever I unleash a tirade at home about how Federal spending has leaped 40% in three years and how the government is now borrowing 42% of its spending, my wife points out that nobody cares because the deficit doesn’t impact them at all. This alwa…
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Skunked!
by a Wall Street Examiner • • 0 Comments
Skunked
Medicare, Medicaid and Social Security now account for 44% of total federal spending and are steadily rising.Previous Congresses (and Administrations) have relied on the assumption that we can grow our way out o…
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GOP spending cuts would hit economy hard
by a Wall Street Examiner • • 0 Comments
GOP spending cuts would hit economy hard
By Jeanne Sahadi, senior writerFebruary 23, 2011: 6:38 PM ET
NEW YORK (CNNMoney) — The more federal spending Congress slashes this year, the greater the potential drag on economic growth, according to a new a…
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Poll: Public strongly oppoes debt ceiling hike
by a Wall Street Examiner • • 0 Comments
Some 71 percent of those surveyed oppose increasing the borrowing authority, the focus of a brewing political battle over federal spending. Only 18 percent support an increase
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GOP’s budget ideas leaking out: Gut NIH and college loan funding…
by a Wall Street Examiner •
No wonder they’re keeping quiet about this. The GOP has been promising to walk in & cut federal spending by 100 billion, but has kept mum on the details. Turns out no cuts in a the military budget, which is equal to what the rest of the world spends …
