A hub for independent voices and hard truths
via Mike Shedlock On January 1, 2023, 38 states had noteworthy tax changes. 37 of the changes put extra money in people’s pockets. Here’s the result in pictures. Tax data from the BEA, chart by Mish The Tax Foundation noted State …
Center for Immigration Studies senior fellow Todd Bensman explains how the migrant crisis is affecting taxpayers’ wallets. #foxnews
Senator Rand Paul exposes eyebrow-raising government expenditures, highlighting instances where taxpayer money is allocated to seemingly absurd studies. The revelations include: $2.3 Million for injecting beagles with cocaine, aiming to understand the adverse effects, despite the evident societal impact of …
via JOHN RUBINO: Stocks are melting up while government officials claim credit for a soft landing. And yet… The US Index of Leading Economic Indicators (LEI) continues to predict a slowdown while GDP, which normally tracks the LEI, remains strong. Which one …
KEY POINTS “Doom spending” occurs when you spend to cope with stress from such things as the economy and your finances. 27% of survey respondents admitted to doom spending, and 32% have taken on more debt in the last six months. …
What should you do when you are worried about your finances and the economy? Gee, how about spending even more money? Yep, that’s what many in the U.S. seem to be doing these days, with about 96% of surveyed Americans …
House Speaker Mike Johnson, R-La., tells ‘The Story’ why his deal with Senate Democrats was the right move.
Yeah it was due to covid. They were apart for a year.
Real Time Credit Card 💳 Spending pic.twitter.com/wGZgxYaTGZ — Win Smart, CFA (@WinfieldSmart) January 3, 2024 Buying conditions have collapsed pic.twitter.com/jUZ7ebxaqM — Bravos Research (@bravosresearch) January 3, 2024 "The share of U.S. homebuyers looking to move to a different metro area …
New Argentinian President Milei was videotaped flying commercial – on state carrier Aerolineas Argentinas, which he has proposed to privatize turning ownership over to employees. Milei has also issued a decree opening Argentinian aviation up to foreign competition. Any world …
San Francisco’s public schools have an enviable amount of money to spend on their students compared with many if not most of the other 1,000 districts in California. The funding windfall comes from additional voter-approved funding streams and City Hall’s …
by Stephen Green Colorado’s year-over-year inflation continues to outpace the national rate of 3.1%. While inflation rates in the Denver metro area have dropped to 4.5% in November, down from 5.4% in September, Colorado’s year-over-year inflation rate still surpasses the national …
Gruesome Newsom Orders Commiefornia Spending Freeze Legal Insurrection readers may recall that I reported on California’s staggering $68 billion deficit, caused by an “unexpected” economic downturn. What is truly unexpected is that Gov. Gavin Newsom’s administration has just ordered a state spending …
by TonyLiberty Taxes kept climbing. People moved. Population shrinking, tax base shrinks. Seems straight forward. Time to cut back on taxes and things will rebound. I’m not a Trumpian but just cut taxes at the state level back to early …
In straightforward terms, let’s address a pressing concern: Inflation is here to stay, and the US deficit is spiraling out of control. Despite Treasury Secretary Yellen’s reassurances, there’s reason to be uneasy about the mounting US debt. Facing the facts, …
This comes exactly 2 months after Argentina's central bank raised rates to a record 133%. Argentina has averaged a 40% inflation rate per year over the last 10 years. Is this last ditch effort going to work? Follow us @KobeissiLetter …
by Chris Black If anyone actually cared about these Africans, the last thing they’d do is bring them over to the most expensive and overcrowded cities on earth, where every single item and service… Continue reading by subscribing. Username Password …
via politico: The Senate’s top Democratic appropriator is warning that accepting Speaker Mike Johnson’s fallback idea for government funding would be “absolutely devastating” for federal agencies and families across the country if bipartisan spending negotiations falter. “It’s dangerous and a …
Credit card spending has taken a nosedive, officially entering contraction territory, despite a reported 35% surge in retail sales above pre-pandemic levels. The discrepancy between retail sales growth and the significant decline in credit card transactions reveals a stark contrast …
Interest rate futures indicate expected rate cuts from March 2024, with a growing chance of cuts starting in January. Three weeks ago, markets anticipated an additional rate hike and cuts in June 2024; now, there’s a 2% chance of an …
Here is a list of companies pulling their ads from X in an attempt to blackmail Elon Musk – Apple– Disney– Washington Post– Paramount– NBC– Marvel– IBM– Sony Pictures– CBS– The Colbert Show– Comcast– Lionsgate– Warner Bros. Discovery Is it …
by confoundedinterest17 US Real GDP grew at a whopping 5.2% (revision) in Q3. But was it organic growth or simply The Federal Government funding the defense and green energy industies with trillions in spending? One factor has been government spending …
The Washington Post will pause ad spending on X because Elon Musk posted a Pizzagate meme. pic.twitter.com/ZAlv7kpZHB — Citizen Free Press (@CitizenFreePres) November 29, 2023 The Washington Post has been able to attain just half of the job reductions it …
American workers facing financial hardships are increasingly tapping into their retirement accounts, with hardship withdrawals surging by 30% last year. As a result, one in six workers now has an outstanding loan on their retirement, significantly impacting average 401k balances …
The U.S. narrowly avoids recession through exorbitant fiscal spending, raising questions about the sustainability of such measures. The ideological divide on economic policies, particularly Modern Monetary Theory (MMT), sparks debates on the feasibility of high fiscal deficits, leaving a lingering …
Speaker Mike Johnson pitches Republicans on plan to avert government shutdown There are already a handful of Republicans who are skeptical of Johnson’s proposal to keep the government funded. At least two say they will vote against it. Reps. Chip …
Credit card balances often misrepresent borrowing as they mainly indicate spending. Despite being a primary consumer payment method in the US, many pay off their full balances monthly. In 2022, credit card transactions reached $5.8 trillion, up 18% YoY due …
by confoundedinterest17 Appartently, Joe Biden and fellow big spenders in Washington DC, Mordor on The Potomac, don’t care about fiscal discipline. With seemingly endless spending of wars (Ukraine, Israel, Taiwan and the invasion at our southern border, and inane “green” …
Consumer spending rose 4% in the July to September period, fueling a blowout quarter for economic growth, according to government data. — unusual_whales (@unusual_whales) October 31, 2023 https://twitter.com/RJRCapital/status/1719306931871834515
