In all the fuss and bother about the coming presidential election, there has been remarkably little talk about skyrocketing US deficit and the resulting skyrocketing interest’s payments. Regardless of who is president, these are going to be the things that govern what the ruling class can do. But these concerns still don’t factor into the political discourse although they are starting to come up with increasing frequency in the financial press. So I want to take step back from all the political drama and review the essay “Why you should panic about the US Deficit” that I wrote in September of last year.
Category Archives: Money
Toyota Dealers having issues and so is the rest of the car market
The Houthis Have Diverted 2 Out Of 3 Ships Around Africa
Are US East & Gulf Coast Ports Heading Toward a Strike?
JAPAN in Deep Trouble as Yen Crashes in Value & Central Bank Spends $35 Billion Supporting Value
USA BANK COLLAPSES – FDIC Closes Republic First as USA Interest Rates Claims First Financial Victim
Links For Today
RUSSIAN OFFENSIVE CAMPAIGN ASSESSMENT, FEBRUARY 20, 2024
North Korean Missile Used In Ukraine Was Packed Full Of U.S. Parts
Polish farmers block Ukraine border in grain import protest
Escape to Egypt: Did Hamas leader Yahya Sinwar flee Gaza?
Germany: Is it better to spend on defense or on welfare?
Newsworthy because of who is saying it as much as for what is being said. It’s time for the White House to put up or shut up
True but a good case could be made that both our healthcare and our education are overpriced compared to much of the world. Both rightists and leftists assume that the U.S. spends far lower to combat social problems (poverty, healthcare, education) than peer nations, but that is not true.
Biden to Slow Swift Transition to Electric Cars in EPA’s Revised Tailpipe Emissions Regulation
Hochul’s Plan to Close Prisons Faces a Fight
Court blocks $1 billion copyright ruling that punished ISP for its users’ piracy
Study finds link between too much niacin intake and heart disease
This is the type of thing that “AI” is arguably good at and it seems like they took care to guard against the typical AI failures in this type of thing. That said, it is hardly a great discovery. Neural network model identifies distinct brain organization patterns in women and men
Links For Today
RUSSIAN OFFENSIVE CAMPAIGN ASSESSMENT, FEBRUARY 19, 2024
Ukraine Situation Report: Kyiv Claims Six Russian Jets Downed In Three Days
Russian pilot who defected found dead in Spain, says Ukraine security agency
EU: Emissions trading begins to bite
Navy Has Fired Around 100 Standard Series Missiles At Houthi Drones, Missiles
Bulk Carrier Abandoned Following Houthi Missile Attack Latest reports are saying that it sunk but they are on “X”.
IAEA chief says Iran bulking up stockpile of nearly weapons-grade uranium
I still don’t think there is enough panic over this. This analysis assumes interests rates will more or less stay the same which is not the historical norm for this level of debt growth “Spending on Social Security will grow from $1.5 trillion this year to $2.5 trillion by 2034, while spending on health care will grow from $1.6 trillion to $2.8 trillion,” a Committee for a Responsible Federal Budget analysis found. “Net interest costs will more than double from $870 billion this year to $1.6 trillion by 2034, after costs nearly doubled between 2020 and 2023. Interest on the debt is the fastest growing part of the budget and will be the second largest government expenditure this year, surpassing both defense and Medicare.”
President Trump’s Kafkaesque Civil Trial in New York State and Legitimacy of Trump’s New York Business Ban Questioned by MSNBC Host
San Francisco Appoints First Noncitizen to Serve on Elections Commission
Links For Today
RUSSIAN OFFENSIVE CAMPAIGN ASSESSMENT, FEBRUARY 18, 2024
Denmark to send its ‘entire artillery’ to Ukraine, the country’s prime minister says
On Iranian commander’s request, Iraqi terrorists dial down attacks on US
Mobs Of Violent African Migrants Riot, Attack Police In Holland
Reports on “X” are making it sound like this is the worst attack yet with the crew having to abandon ship. UK-Registered Cargo Ship Reported Under Attack In Bab al-Mandab Strait
Links For Today
RUSSIAN OFFENSIVE CAMPAIGN ASSESSMENT, FEBRUARY 17, 2024
Russian Military Objectives and Capacity in Ukraine Through 2024
Yemen’s Houthis Claim Missile Attack On Oil Tanker In Red Sea
How Prepared Is the German Defense Industry?
The US is an energy exporter, the other countries that are in recession are energy importers. Why is that reason not mentioned? Recession has struck some of the world’s top economies. The US keeps defying expectations
Talk is cheap. Truckers Warn Loads To NYC Will Be Rejected Starting Monday
Florida Cop Empties His Gun, Runs For Cover After Acorn Falls On Car Video overview here.