Independent thinking for complex markets and current events
Despite the worst start ever to a fiscal year, several key metrics have really turned around w/ Jun tax receipts up 12.9% and outlays down 7.0%, resulting in a surplus; last month was the first time this fiscal year that federal gov’t spending was below $500B: N.B.: Those are year-over-year increases — E.J. Antoni, Ph.D. …
by confoundedinterest17 Here is Biden/Harrisnomics in one chart! Treasury (interest) payments are growing faster than other government outlays and a larger than the entire Defense outlays. Leading outlays include Medicare/Medicaid and Social Security. Here is Treasury Secretary Janet Yellen symbolically gorging on a foot-long sub. No one spends like unelected government bureaucrats!
by confoundedinterest17 Well, it looks like Ukraine’s army is surrending in droves to Russian forces. Maybe this will end Biden’s obsession with doling billions of dollars to Ukraine. Nah, Biden will continue doling out billions to Ukraine, but this time it will be to rebuild Ukraine (while major US cities continue to rot). But in …