A hub for independent voices and hard truths
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 …
Markets flash crisis signs… Current situation: 1. Bitcoin is up +60% in 3 months like the USD is broken 2. The USD is falling in its worst start to a year since 1973 3. Gold prices are rising toward $3,400/oz …
Initial sales data from Amazon Prime Day is flashing a warning light. Early spending figures show a decline between 10% and 15% compared to last year’s event. This comes despite an expanded promotional window and aggressive markdowns across nearly every …
I don’t believe for a second that Elon would be publicly challenging Trump on spending, damaging his own companies and turning the MAGA base against himself all because of EV credits. It’s obvious he understands math and strongly believes that …
The cost of living in the US is rising every year while the government calls for the Fed to cut rates and spend $5 trillion more dollars. Americans face inflation that eats into their paychecks. Families spend nearly $950 more …
The $37 trillion debt is a symptom of D.C.’s addiction to reckless spending. Since 2019, federal outlays surged 51.7% to $6.7 trillion annually, while interest payments alone hit $1.71 trillion—enough to fund NASA for 68 years. The Cost Estimates Improvement …
via Mike Shedlock Construction spending has been in a huge downtrend for a year. Construction spending data from census department, chart by Mish The Census Department Construction Spending Report for May repeats the same story, down again. Total Construction Construction spending during …
by confoundedinterest17 Finally, US government debt growth (YoY) was approximately equal to US nominal GDP growth in Q1 2025. Unfortunately, the BBB (Big Beautiful Bill) is projected to add $3.9 trillion of debt. Unfortunately, there are insufficient spending cuts in the …
BREAKING – Democrats are planning a nationwide protest called “The People’s Sick Day,” where they plan to skip work and stop spending for three days to prove how “essential” they are. pic.twitter.com/ueqDI0bNL2 — Right Angle News Network (@Rightanglenews) July 1, …
Speaker Mike Johnson is also privately telling GOP fiscal hawks that he’s pushing Senate Majority Leader John Thune to add back in hundreds of billions of dollars in spending cuts the Senate dropped, according to two people with direct knowledge …
The $6.7 billion Legislative Branch bill is set for a full-committee markup Thursday. House appropriators released their committee report Wednesday for the Legislative Branch funding bill, which includes detailed guidance on how they’d like Capitol Hill offices and agencies …
Dose of reality: Congress is spending, printing, and borrowing so much that the Fed has lost its ability to “set rates.” Banks and foreign governments who buy our 10 year U.S. treasuries are demanding more than 4.5% return. BBB makes …
NATO allies will meet in The Hague next week and are expected to agree to significantly boost military expenditure, but Madrid is reluctant. Spain wants a carve-out from NATO’s likely future defense spending goal of 5 percent of GDP, the …
Corporate America is shedding labor under the banner of automation. Artificial intelligence is no longer a future forecast. It is a current expense reduction strategy. Major companies are laying off thousands, citing AI integration and operational streamlining as justification. The …
Argentina's economy is on fire, turning in 8% growth — one of the fastest in the world. That's five times the growth before Javier Milei slashed government spending by a third. Amazing things happen when you actually cut government spending.@JMilei …
by Michael If the protests in Los Angeles are supposed to be peaceful, why is brand new riot gear being trucked in and given to the protesters? And why isn’t this making front page news all over the country? First …
Consumers are out of savings. APRIL 2025: – Consumer credit hit $17.9B (Fed expected $11.4B)– Credit card debt increased 7%– Total balances hit a record $5.01T (yes, with a T, y’all) Ummm… hello? This is crisis management at 25% APR. …
Trump vs. Elon Elon is visibly frustrated—used publicly as a symbol to promote DOGE, while behind the scenes, Trump pushes a $4 trillion deficit through a so-called tax bill that completely undermines DOGE’s mission. Trump’s inner circle has never been …
ROME DIDN’T FALL – IT BLED OUT IN GOLD, TAXES & DEBT (AND WE’RE NOT IMMUNE) The Roman Empire, once a beacon of power and prosperity, crumbled under the weight of internal mismanagement, with reckless spending and currency devaluation playing …
Authored by Charles Hugh-Smith via oftwominds, What’s required is not just a revised spreadsheet but an entirely new culture and value system. I’ve been referencing The Ratchet Effect since 2010 as it explains why shrinking bloat is so much harder than expanding …
SPEAKER JOHNSON: “I’M CALLING ELON RIGHT NOW” Elon says Trump’s Big Beautiful Bill bloats spending and betrays everything he stands for. Republicans now have a real problem. Support for Elon is strong, proving he has a point. The bill isn’t …
It took over 200 years for the U.S. debt to reach $12 trillion. $12 trillion is how much we added in 4 years between 2020 and 2024. We need to reign things in and get spending under control. pic.twitter.com/Y441OQNQcj — …
(Reuters) -CrowdStrike forecast second-quarter revenue below Wall Street estimates, signaling soft enterprise spending on cybersecurity products, sending the company’s shares down 6.7% after the bell on Tuesday. Higher interest rates and sticky inflation have forced clients to rein in tech …
Budgeting is not hard. Finding a decent, honest budgeting sheet is. Most people searching for one end up on some sketchy website. Popups asking for your email. Templates that promise ease but deliver blank boxes and confusion. Some cost money. …
Remarkable chart. Spending on computer equipment just made its largest contribution to GDP on record in the most recent quarter. Unlike the steady buildup we saw in the 1990s, this time we’re seeing a sharp, sudden surge. I don't think …
What The Headline GDP Number Doesn’t Show byu/stockpreacher instockpreacher BREAKING: US goods imports fall -19.8% in April as President Trump's "reciprocal tariffs" effectively halted trade with many countries. This marks the largest drop in history for US goods imports. — …
"I think a bill can be big or it could be beautiful. But I don't know if it could be both." Tech billionaire Elon Musk tells CBS Sunday Morning's @Pogue he was "disappointed" to see the Trump-backed "big beautiful" spending …
Governor Ron DeSantis is calling out Congress for failing to implement spending cuts identified by Elon Musk’s Department of Government Efficiency (DOGE). The initiative was designed to slash wasteful spending, but lawmakers have yet to act. 🇺🇸 GOV. RON DESANTIS: …
HOLY CR*P 🚨 Democrats laundered SO MUCH MONEY before Donald Trump took office In the 76 day period between Trump winning and Biden leaving office $93 billion was sent from the DOE, who GAVE IT AWAY WITH NO OVERSIGHT, TO …
