Posts with tag debt

Repeal the Debt Ceiling?

Alfred Adask, September 16 2017

...if the day ever comes when government can't even repay the interest on the National Debt, the illusion of solvency will disappear and the economy will collapse into calamity.

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New York City’s Spending Problem

Guest Writer, September 9 2020

Indeed, the burden of government spending has climbed more than three times faster than inflation during De Blasio’s time in office. If this story sounds familiar, that’s because excessive spending is the cause of every fiscal crisis.

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WHO BENEFITED FROM STIMULUS 1.0? - Largely Households Making Under $100,000

Guest Writer, February 3 2021

As Congress nears debate on another round of stimulus/relief aid for American households, businesses, state and local governments, schools, Covid vaccination delivery, and more, I thought it would be instructive to see how the direct aid sent as part of Stimulus 1.0 was spent.

A new report from the IRS shows that the first round of economic impact payments (or stimulus checks) primarily benefited households earning less than $100,000. 

This is good news.

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HOW WILL SKYROCKETING DEBT AFFECT COMPANIES’ FUTURES? - Only the Zombies Know for Sure

Guest Writer, May 1 2021

Less Americans getting infected, more Americans getting vaccinated, $6 trillion in government spending, with at least $4 trillion more on the table, and many trillions more from an anything-goes Fed.

What do they have in common? They’re all converging to create what giddy economists and others, like Axios’ Nicholas Johnston, say will be “a year of U.S. economic growth for the record books.” 

With those kind of numbers (think 10 zeros!), it better be record-setting!

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4 posts with tag debt online