The hype about a 'robust' US economy is just that ...hype... Consumers maybe spending.... But buffeted by higher taxes, little to no income increases and trade wars around the world..and Donald Trump himself? Things are slowing slipping for the American … [Read more...] about US Economic growth slowing….
the Economy
US Budget deficit climbs to almost the last recession level….
President Obama left with the deficit and the countries debt around $500 Billion..... With Trump0 and the Republicans cutting income thru the 2017 tax cut and two years of budget increases with their then majority congress the gap in spending vs revenue has widen by almost … [Read more...] about US Budget deficit climbs to almost the last recession level….
High level Education Dept. guy quits and says most Student Loan debt should be canceled
And A. Wayne Johnson is a Republican to boot... Student loan debt is in the hundreds of millions and climbing .... The debt is cutting into consumer spending and the abuse in the running of the program seems to be impossible to address... Congress DOES need to do … [Read more...] about High level Education Dept. guy quits and says most Student Loan debt should be canceled
Would Trump try to use a possible Government shutdown for an impeachment deal?
If Congress can't get anything done due to Trump's pressure to stop an effort to get him fired? (And not have enough votes to override him) That would mean NOT passing ANY laws.... That would mean possibly the government running out of spending money... THAT … [Read more...] about Would Trump try to use a possible Government shutdown for an impeachment deal?
Elizabeth Warren has a bit of a Medicare for All issue ….
She is fronting something she has no answer how it would be paid for? Bernie Sanders is up front is saying the all-inclusive healthcare coverage would raise American middle class taxes by trillions.... Is Warren up for raising taxes? At the first Democratic debate, in … [Read more...] about Elizabeth Warren has a bit of a Medicare for All issue ….
Britain and the E.U. have a deal?
That's what the leaders say.... Now will come the hard part.... Selling it to British parliament .... Britain and the European Union announced on Thursday that an agreement on the draft text of a Brexit deal had been reached, a last-minute breakthrough for Prime … [Read more...] about Britain and the E.U. have a deal?
GM and autoworkers reach tentative deal….
American labor is in tough position these days, as it their employers, as changes come to auto manufacturing ... Bargainers for General Motors and the United Auto Workers reached a tentative contract deal Wednesday that could end a monthlong strike that brought the company’s … [Read more...] about GM and autoworkers reach tentative deal….
U.S. consumer spending dropped last month….
People gotta stop pushing the American economy is doing fine... It isn't.... U.S. consumer spending sunk in September by the lowest rate in seven months, according to data released Wednesday by the Commerce Department. Sales of retail goods and food services sank 0.3 … [Read more...] about U.S. consumer spending dropped last month….