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Tag Archives: Federal Debt
Go Global; Save the Swamp!
Over the years the American Public has had only a few occasions to witness wholesale corruption at the federal level; the occasional Senator, Congressmen, Department Head, Military Personnel or even a President or two.
To some degree, in the age of mass 24/7 media, on one end the Press has made it more difficult to conceal criminal activity however, given the consolidation of this medium’s ownership, fact-finding and truth-telling journalism has given way to the power of sensationalism. Depending on what side of the political fortress you stand, the end of your promising future (and the truth), or escaping a jail cell may only be a matter of a 15 second sound-bite or 140 characters away.
Posted in Poli-Econ, Poli-Philos
Tagged federal corruption, Federal Debt, The Clintons, trade deficits
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The End of Fiscal Discipline
September 30, 2016 marked the end of another Federal Government fiscal year and with it the Federal Debt jumped $1.3 Trillion; in a mere 12 months. Yes, it is true that Congress hasn’t managed to deliver the required Budget Resolution since 2009 and though President Obama is complicit in the failure he’s not entirely to blame; Congress, however, is.
Setting aside the Budget for the moment, understand the nearly 25% of annual Federal Government Spending is actually not even part of the Budget. From military expenditures for various foreign policy ventures to special funding vehicles for disasters and on to off-book “black-ops” spending to any number of scheduled or unscheduled handouts there seems to be no shortage of spending opportunities.
Posted in Geo-Finance, Poli-Econ
Tagged budget resolutions, Debt Ceiling, domestic productive capacity, Federal Debt
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Trade Agreements & Political Half-Truths
Did you know that the last time the U.S. had a “Trade Surplus” ($12.4 Billion) was 1975? By 2015 the Federal Trade Deficit, for just Fiscal Year 2015, was $539.8 Billion. Did you know that since 1992, when the WTO (Trade Treaties) was passed and thru Fiscal Year-End 2015 the Cumulative Trade Deficit was $10.2 Trillion and over the same period Federal Debt increased by $14.1 Trillion?
Posted in Poli-Econ, Poli-Finance, Poli-Philos
Tagged corporate America, Federal Debt, Tax Code, trade agreements
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$19 Trillion; No-Limit Spending!
On Friday, January 29th, 2016 the Federal Debt hit slightly above the $19 Trillion mark – $19.012 Trillion to be exact. Interesting to note that the last $1 Trillion increase occurred in a mere 13 months; the previous increase required 14 (months).
Congress, with immense pressure from the White House, has found it fitting to do-away with any financial restraint and it has accomplished this merely by successive suspensions of the Debt Ceiling Limit. This began in February of 2014 with the introduction of the “Temporary Debt Limit Extension Act.” The greater shame in all of this is that no one seems to care that this exhibition is not only a complete abdication of fiscal responsibility but also a brazen taunt that can and most certainly will end in crisis and for those not protected by government influence, it will be apocalyptic.
Posted in Poli-Finance, Poli-Philos
Tagged Federal Debt, fiscal roulette, Temporary Debt Limit Extension Act
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Debt Ceiling Debate No More
Having gone unnoticed is the now silent political contest over the Debt Ceiling. Concurrent with the advent of the Obama Administration and along with it the explosion in Federal Debt, the Debt Limit argument has become a perennial event.
The sudden switch to apathetic political resolve has many reasons & the key elements are:
(1) The Temporary Debt Limit Extension Act (2/2014) that “suspends” the Debt Ceiling.
(2) Sequestration which, in part, has capped certain elements of the Budget.
(3) Political realities have taught the Republicans (and the Democrats) that forcing government shutdowns brings with it a near un-survivable political price.
Posted in Poli-Econ, Poli-Philos
Tagged Debt Ceiling, Debt Limit Extension Act, Federal Debt
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