The US Government rarely has a balanced budget... (It is unique in that the government prints the money) But as long as your dollar buys you what we all agree is a dollars worth of products or services and the government pays its bills? Things are fine... Joe Biden is … [Read more...] about U.S. Federal Debt to exceed size of Economy….
CBO/Congressional Budget Office
Wasn't the Republicans the ones who harassed President Obama about spending? Didn't THEY want 'balanced' budgets? Didn't THEY instal a 'sequester' to limit spending? Huh? The federal deficit hit $895 billion in the first 11 months of fiscal year 2018, an increase of … [Read more...] about The Federal deficit ballons 32% out to $895 BILLON….
The seesaw continues.... While I did a post a yesterday that pointed to flat wage growth and job loss from the Congressionsl Budget Office..... We get a more rosy picture from the Trump Labor Department today... Oh, and Trump outted the 'good' news a hour early, of … [Read more...] about Unemployment rate drops to the lowest in almost five decades….
Anyone surprised by this? The CBO also says Trump's budget won't do what Trump says it will.... All told, CBO said Trump’s budget would produce deficits of $9.5 trillion over the coming decade instead of the $7.2 trillion promised by the White House. CBO took a more … [Read more...] about Congressional Budget office…Tax cuts will NOT pay for themselves….