Massive Federal deficits require higher taxes; ever-expanding public debt and higher debt service sets up a death spiral once new investment is crowded out by Federal borrowing.
In only three more years you’re talking $20 trillion in public debt f…
Tag Archive for Gross National Product
Charles Hugh Smith, Contributors- Economic and Financial, Must Read
Dear U.S.A.: Your Account is Overdrawn
by Charles Hugh Smith • • 0 Comments
Dear U.S.A.–your overdraft protection is about to be pulled.
Dear United States of America: We regret to inform you that your withdrawals exceeded your deposits last year by $1,600,000,000,000 ($1.6 trillion), including your “supplemental ap…
Bears Chat, Best of the Forums, Must Read
Wrong Again: Why Experts’ Predictions Fail, Especially About the Future
by Bears Chat at The Wall Street Examiner • • 0 Comments
Michael Shermer.
Wrong Again: Why Experts’ Predictions Fail, Especially About the Future
Posted: 1/5/12 12:03 AM ET
With the first week of 2012 upon us it is time to reflect on that favorite pastime of soothsayers and scientists alike: predicting the…
Bears Chat, Best of the Forums
The Phantom 15 Million
by Bears Chat at The Wall Street Examiner • • 0 Comments
(repost – from back in January)
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STATE OF THE UNION: ECONOMY
The Phantom 15 Million
Taming unemployment starts with solving the mystery of the jobs that were supposed to have been created in the past 10 years but weren…
Bears Chat, Best of the Forums
Moral Ethical Money
by a Wall Street Examiner • • 0 Comments
Many of the readers here know what I’m saying below. I’m saying it again “simply” for a sense of clarity and definition and to attempt to ignite a spark of epiphonic realization. I would love to see the ideas here sent to our congress people. I don’…
