On December 16 the gross Federal debt breached a new level to $23.1 trillion, while the net debt after $401 billion of cash weighed in at $22.71 trillion. The latter monstrous figure is notable because on June 30, 2019 it stood at $21.76 trillion.
So what has happened in the last 167 days is a $948 billion increase in the Uncle Sam’s net debt, which amounts to a gain of $5.7 billion per day—including, as we like to say, weekends, holidays and snow days.
Worse still, not a single dollar of that gain got absorbed in government trust funds. The Treasury float held by the public actually rose by $953 billion.
So why in the world do the knuckleheads on bubblevision not understand where the spiking rates and ructions in the repo market came from?
The law of supply and demand is still operative, and the US Treasury is literally flooding the bond pits with new supply. Even at the bottom of the Great Recession, Uncle Sam did not drain $5.7 billion per day from the bond market.
But nary a soul down in the Imperial City has noticed this borrowing eruption at the tippy-top of the business cycle, which now teeters on borrowed time at a record 127 months of age. Instead, this very day the Congress is busily engaged in what is a fair approximation of abolishing the election process at the heart of American democracy.
We will address today’s hideous impeachment Gong Show below. But here we note that every talking head showing up on the screen today is claiming that the market can keep on bubbling higher because the pending impeachment of the nation’s 45th president is a great big nothingburger.
It’s real, deeper meaning is that the Washington end of the Acela Corridor is now morphing into a disruptive missile aimed right at the canyons of Wall Street.
Of course, the Donald won’t be “convicted” by the Republican Senate. Indeed, the House impeachment resolution my never even be sent to the Senate if Nancy and her ship of fools conclude there won’t be a real “trial” in the Senate and therefore leave the resolutions sitting on the parliamentarians desk as camera ready campaign fodder for 2020.
But, hey, a government which can treat the supposedly solemn and extraordinary process of impeachment as a mere exercise in campaign theatrics is a government that has given the term “dysfunctional” an altogether new definition. It means that the conduct of the actual business of the people’s government has virtually ceased.
To be sure, we would ordinarily consider a government that does absolutely nothing to be praise-worthy. After all, the route to prosperity does not extend through the halls of Congress or the vast departments inside the beltway, but stems from the genius of free enterprise and the exertions and inspiration of workers, employers, savers, investors and inventors. They require neither help nor superintendence from an activist Federal government.
Likewise, a reticent government is all we really need for national defense. The latter has been more than taken care of by the god-created ocean moats which secure our shores and our already paid for nuclear deterrent which keeps distant foes at bay. All the rest of the $900 billion of so-called national security spending and the vast and unremitting Washington machinations it funds are in behalf of Empire, not the safety and liberty of the homeland.
But the fly in the ointment is that several generations of Washington politicians have turned the Federal budget into a Fiscal Doomsday Machine. Spending for both automatic entitlements and so-called discretionary programs alike gushes higher, pulling the public debt upwards as it goes, with virtually no meaningful legislative action.
Consequently, the fractured and inflamed partisanship evident in today’s demented proceedings has become the handmaid of the nation’s impending fiscal catastrophe. That is, government must take positive and sweeping legislative action to brake the Doomsday Machine, but James Madison’s checks and balances have always made large-scale statutory enactments difficult, while today’s metastasized partisanship have made them well nigh impossible.
It is generally understood that the giant entitlements—-Social Security, Federal retirement, Medicare, Medicaid, Food Stamps and the lesser income security programs- –are automatic, permanently authorized payments that currently flow to upwards of 160 million Americans and will continue to do so, whether Congress does its job or not.
But what needs emphasis is that the rate of growth is accelerating—-in effect, it is busting loose from the growth rate of the faltering national economy which must finance these massive entitlements.
Thus, between 1987 and 2000, total Federal entitlement spending soared from $358 billion to $778 billion or by 117%. But during those first 13 years of Greenspan’s reign, the Fed’s easy money was able to goose nominal GDP by 115%, meaning that the entitlement claim on GDP remained constant at about 7.5%.
Since then, it has been off to the races as shown in the graph below. During the last 19 years, nominal GDP (brown line) doubled again, but Federal entitlement spending (purple line) tripled, and its claim on GDP rose from 7.5% to 11.0%.
What this means is that every year the legislative stalemate and inaction persists is another year in which the Fiscal Doomsday Machine gathers even more momentum.
accutane for acne https://tretivaisotretinoin.com/
Sulfamethoxazole trimethoprim bactrim ds
https://cialiswithdapoxetine.com/ cialis pills
I’m more than happy to uncover this page. I wanted to thank you for ones time just for this fantastic read!! I definitely appreciated every part of it and i also have you saved as a favorite to see new things in your web site.
Greetings! Very useful advice within this article! It’s the little changes that will make the greatest changes. Many thanks for sharing!
That is a great tip especially to those fresh to the blogosphere. Short but very precise infoÖ Appreciate your sharing this one. A must read article!
I like looking through a post that will make people think. Also, thank you for allowing me to comment!
does prednisone raise blood pressure prednisone tablets
provigil pill provigil pill
cialis coupon [url=https://cialiswithdapoxetine.com/#]buy cialis online[/url]
¡música pop! peliculas alita: angel de batalla por favor …
Appreciate the recommendation. Let me try it out.
I’m very pleased to uncover this web site. I need to to thank you for your time for this fantastic read!! I definitely really liked every part of it and i also have you bookmarked to look at new stuff in your web site.
Good blog you have got here.. Itís hard to find high quality writing like yours these days. I seriously appreciate people like you! Take care!!
Oh my goodness! Impressive article dude! Many thanks, However I am encountering troubles with your RSS. I donít understand the reason why I cannot join it. Is there anybody having the same RSS problems? Anybody who knows the solution will you kindly respond? Thanks!!
Hello there! This blog post couldnít be written much better! Looking at this post reminds me of my previous roommate! He continually kept preaching about this. I am going to forward this article to him. Fairly certain he’s going to have a very good read. Thank you for sharing!
Hi there everyone, it’s my first pay a quick visit at this website, and
paragraph is in fact fruitful in support of me, keep up posting these articles.
I’m pretty pleased to find this website. I need to to thank you for your time just for this wonderful read!! I definitely appreciated every part of it and i also have you book marked to look at new information in your blog.
When I originally commented I seem to have clicked the -Notify me when new comments are added- checkbox and now each time a comment is added I receive 4 emails with the same comment. Is there a way you are able to remove me from that service? Thank you!
Great post. I’m experiencing some of these issues as well..
Your style is so unique in comparison to other folks I’ve read stuff from. I appreciate you for posting when you have the opportunity, Guess I will just bookmark this site.
I could not resist commenting. Perfectly written!
buy chloroquine online fda hydroxychloroquine
you are in point of fact a good webmaster. The site loading speed is
incredible. It kind of feels that you are doing any unique trick.
Also, The contents are masterwork. you’ve done a great task in this subject!
Greetings! Very helpful advice in this particular post! It is the little changes that produce the greatest changes. Many thanks for sharing!
chloroquine phosphate chloroquine for lupus
Having read this I believed it was very enlightening. I appreciate you finding the time and energy to put this informative article together. I once again find myself personally spending a lot of time both reading and leaving comments. But so what, it was still worth it!
Howdy, would you thoughts permitting me know which World-wide-web host you’re using? I’ve loaded your site in three completely distinctive Website browsers, and I must say this web site hundreds a great deal more rapidly then most. Could you suggest a very good World wide web hosting company at an affordable price?
Having read this I believed it was extremely enlightening. I appreciate you spending some time and energy to put this short article together. I once again find myself personally spending a significant amount of time both reading and leaving comments. But so what, it was still worth it!
cialis tablets cialis without a doctor prescription
Howdy, would you brain permitting me know which World wide web host you’re using? I’ve loaded your weblog in three entirely unique World wide web browsers, and I need to say this blog site loads a lot more rapidly then most. Could you counsel a fantastic internet hosting service provider at an affordable price tag?
chloroquine walmart https://hydroaraleneth.com/
Inspiring story there. What happened after?
Howdy! I simply would like to offer you a huge thumbs up for your great info you’ve got right here on this post. I will be returning to your blog for more soon.
Excellent blog you have got here.. Itís difficult to find excellent writing like yours nowadays. I seriously appreciate individuals like you! Take care!!
This web site certainly has all of the information and facts I needed concerning this subject and didnít know who to ask.
what is plaquenil plaquinol
Howdy! This post could not be written much better! Going through this post reminds me of my previous roommate! He always kept preaching about this. I most certainly will forward this post to him. Fairly certain he will have a great read. Thank you for sharing!
I blog often and I genuinely thank you for your information. This article has really peaked my interest. I am going to take a note of your website and keep checking for new details about once a week. I subscribed to your Feed too.
Greetings from Florida! I’m bored at work, so I decided to look through your site on my apple iphone for the duration of lunch split. I love the data you deliver here and might’t wait to take a look Once i get dwelling. I’m astonished at how fast your site loaded on my cellphone .. I’m not even employing WIFI, just 3G. In any case, awesome blog!
cialis generic cialis tadalafil & dapoxetine
The next time I read a blog, Hopefully it does not disappoint me as much as this particular one. I mean, Yes, it was my choice to read through, but I really believed you’d have something interesting to say. All I hear is a bunch of whining about something that you could fix if you were not too busy looking for attention.
Hi, I do think this is an excellent web site. I stumbledupon it 😉 I am going to come back yet again since I bookmarked it. Money and freedom is the greatest way to change, may you be rich and continue to guide other people.
An impressive share! I have just forwarded this onto a coworker who had been doing a little homework on this. And he actually ordered me dinner because I discovered it for him… lol. So allow me to reword this…. Thank YOU for the meal!! But yeah, thanx for spending time to discuss this subject here on your site.
Right here is the right site for anyone who wishes to find out about this topic. You understand a whole lot its almost hard to argue with you (not that I really will need toÖHaHa). You definitely put a brand new spin on a topic which has been written about for decades. Great stuff, just excellent!
After I initially left a comment I seem to have clicked the -Notify me when new comments are added- checkbox and from now on whenever a comment is added I get 4 emails with the exact same comment. Perhaps there is a means you are able to remove me from that service? Thanks!
https://chloroquinemil.com/ can i buy chloroquine over the counter
Hi there there! This really is my initial comment right here, so I just planned to give a quick shout out and say I genuinely love examining your content articles. Can you advocate some other blogs/Sites/boards that manage the identical topics? Many thanks.
This site really has all of the information I wanted concerning this subject and didnít know who to ask.
what does hydroxychloroquine treat buy plaquenil online
An outstanding share! I have just forwarded this onto a friend who had been doing a little research on this. And he actually bought me lunch simply because I stumbled upon it for him… lol. So allow me to reword this…. Thanks for the meal!! But yeah, thanks for spending the time to talk about this subject here on your web page.
You’re so interesting! I do not believe I’ve read through a single thing like that before. So good to find someone with some genuine thoughts on this topic. Really.. many thanks for starting this up. This website is one thing that is required on the web, someone with some originality!
Oh my goodness! Impressive article dude! Many thanks, However I am going through troubles with your RSS. I donít understand why I can’t join it. Is there anyone else getting similar RSS problems? Anybody who knows the solution will you kindly respond? Thanks!!
https://cialiswithdapoxetine.com/ cialis 20mg
I’m amazed, I must say. Seldom do I come across a blog that’s both equally educative and amusing, and without a doubt, you have hit the nail on the head. The problem is something too few folks are speaking intelligently about. Now i’m very happy I stumbled across this during my hunt for something relating to this.
Great article! We will be linking to this great post on our website. Keep up the good writing.
hydroxychloroquine trump hydroxychloroquine buy online
After going over a number of the blog posts on your blog, I honestly like your technique of blogging. I saved it to my bookmark website list and will be checking back in the near future. Take a look at my website as well and let me know how you feel.
hydroxychloroquine sulfate 200mg chloroquine vs hydroxychloroquine
I was very pleased to discover this site. I need to to thank you for ones time due to this wonderful read!! I definitely enjoyed every part of it and i also have you saved as a favorite to check out new information on your site.
This is a topic which is near to my heart… Take care! Where are your contact details though?
I blog quite often and I really thank you for your information. This great article has really peaked my interest. I’m going to book mark your site and keep checking for new details about once a week. I opted in for your RSS feed too.
I’m very pleased to discover this page. I want to to thank you for ones time for this wonderful read!! I definitely liked every bit of it and I have you saved to fav to look at new information in your blog.
chloroquine phosphate https://hydroxychloroquin1mg.com/
I blog quite often and I seriously appreciate your information. Your article has truly peaked my interest. I am going to book mark your website and keep checking for new details about once a week. I opted in for your RSS feed too.
This is a topic which is near to my heart… Cheers! Exactly where are your contact details though?
After checking out a handful of the blog articles on your website, I honestly appreciate your way of writing a blog. I saved as a favorite it to my bookmark site list and will be checking back in the near future. Please visit my website too and tell me your opinion.
An outstanding share! I’ve just forwarded this onto a colleague who was conducting a little research on this. And he in fact ordered me lunch simply because I discovered it for him… lol. So let me reword this…. Thanks for the meal!! But yeah, thanx for spending time to discuss this issue here on your internet site.
cialis dosage cheap cialis
I seriously love your site.. Pleasant colors & theme. Did you build this amazing site yourself? Please reply back as Iím planning to create my own personal blog and would love to find out where you got this from or exactly what the theme is called. Thanks!
I’m extremely pleased to find this page. I wanted to thank you for ones time just for this fantastic read!! I definitely savored every bit of it and I have you book-marked to see new information on your website.
A fascinating discussion is worth comment. I do believe that you need to write more on this subject matter, it may not be a taboo subject but usually people do not discuss these subjects. To the next! All the best!!
I must thank you for the efforts you’ve put in writing this site. I’m hoping to view the same high-grade content by you in the future as well. In fact, your creative writing abilities has encouraged me to get my very own site now 😉
Greetings! Very useful advice in this particular article! It’s the little changes that make the most important changes. Thanks for sharing!
I seriously love your website.. Very nice colors & theme. Did you create this web site yourself? Please reply back as Iím trying to create my very own website and want to learn where you got this from or just what the theme is called. Appreciate it!
bookmarked!!, I love your website!
cialis without a doctor prescription [url=https://cialiswithdapoxetine.com/#]cialis support 365[/url]
Aw, this was a very good post. Finding the time and actual effort to create a very good articleÖ but what can I sayÖ I put things off a lot and don’t manage to get anything done.
Many thanks for one marvelous submitting! I enjoyed reading it; you’re a fantastic writer.I will You should definitely bookmark your blog site and should return sometime. I wish to stimulate that you carry on your wonderful posts, Have a very wonderful weekend!
chloroquine otc plaquenil for rheumatoid arthritis
You need to be a part of a contest for one of the highest quality blogs online. I’m going to recommend this web site!
buy cialis usa buy cialis usa
The next time I read a blog, Hopefully it does not fail me as much as this particular one. After all, Yes, it was my choice to read, nonetheless I really believed you would probably have something helpful to say. All I hear is a bunch of crying about something you could possibly fix if you were not too busy looking for attention.
Great blog you have here.. Itís difficult to find high quality writing like yours nowadays. I truly appreciate individuals like you! Take care!!
An intriguing discussion is definitely worth comment. I think that you should write more about this subject matter, it may not be a taboo subject but generally people do not talk about such subjects. To the next! Cheers!!
Wonderful article! We will be linking to this particularly great post on our site. Keep up the good writing.
chloroquine us hydroxychloroquine brand name
Greetings, I do think your website could be having web browser compatibility problems. When I look at your site in Safari, it looks fine however, when opening in I.E., it has some overlapping issues. I just wanted to provide you with a quick heads up! Aside from that, great website!
https://aralenquinestrx.com/ hydroxychloroquine for covid 19
Howdy, There’s no doubt that your blog could possibly be having browser compatibility issues. Whenever I take a look at your blog in Safari, it looks fine but when opening in IE, it has some overlapping issues. I simply wanted to give you a quick heads up! Apart from that, great site!
chloroquine phosphate tablets https://hydrochloroquineada.com/
Everything is very open with a precise description of the challenges. It was truly informative. Your site is very helpful. Thanks for sharing!
Hi there! I simply wish to offer you a huge thumbs up for your excellent info you have got here on this post. I am coming back to your site for more soon.
I blog quite often and I genuinely appreciate your content. The article has really peaked my interest. I will bookmark your site and keep checking for new information about once a week. I opted in for your Feed as well.
Next time I read a blog, I hope that it won’t disappoint me just as much as this particular one. After all, Yes, it was my choice to read, nonetheless I really thought you’d have something useful to say. All I hear is a bunch of moaning about something that you could possibly fix if you were not too busy searching for attention.
An outstanding share! I’ve just forwarded this onto a colleague who was doing a little research on this. And he actually ordered me lunch simply because I stumbled upon it for him… lol. So let me reword this…. Thank YOU for the meal!! But yeah, thanks for spending the time to talk about this issue here on your web page.
chloroquine walmart plaquenil drug
Necessary to send you that little or no remark just to many thanks yet again of these spectacular techniques you might have provided in this article. It’s so particularly generous with normal folks just like you to provide unreservedly what many of us may have marketed just as one guide to earn some dough on their own, primarily considering that you might have completed it in case you wanted. The tactics also acted to become fantastic way to understand that most people have similar desire equally as my to know significantly more concerning this condition. I’m there are many easier opportunities beforehand those of you that read through your site post.
Probably very happy you’ll. Simply the style manually operated to be naturally and never a pet untruths at all the almost every other blog pages. Delight in your amazing berbagi until this most significant doctor.
chloroquine hydroxychloroquine where can i buy hydroxychloroquine
This web-site is actually a walk-through rather than the info you desired concerning this and didn’t know who to inquire about. Glimpse here, and you’ll absolutely discover it.
i think that gun control is a must because more guns means more deaths**
clorochina plaquenil side effects
cialis online cialis tablets
An interesting discussion is worth comment. I do think that you need to write much more about this topic, it might become a taboo subject but usually consumers are too little to dicuss on such topics. To the next. Cheers
fda hydroxychloroquine plaquenil immunosuppressive
plaquenil hydroxychloroquine plaquenil online
Nice post. I understand something more difficult on different blogs everyday. Most commonly it is stimulating to study content off their writers and use a little something from their site. I’d would rather apply certain with the content on my blog whether you don’t mind. Natually I’ll provide link with your internet weblog. Thank you for sharing.
There is obviously a lot to realize about this. I believe you made various good points in features also.
Greetings, Might I grab your page snapshot and employ it on my personal blog site?
chloroquine primaquine plaquenil retinopathy
generic cialis [url=https://cialiswithdapoxetine.com/#]generic cialis[/url]
cialis coupon generic cialis
chloroquine purchase fda hydroxychloroquine
chloroquine for lupus chloroquine death
cialis coupon cialis without a doctor prescription
Hello, i think that i saw you visited my site thus i came to “return the favor”.I am trying to find things to enhance my web site!I suppose its ok to use some of your ideas!!
plaquinol chloroquine purchase
Hey! Fine post! Please keep us posted when I can see a follow up!
hydroxychloroquine for covid 19 how to make hydroxychloroquine at home
cialis alternative cialis generic
What your saying is completely genuine. I know that everyone should say the exact same issue, but I just think that you place it in a way that absolutely everyone can recognize. I also really like the photos you set in right here. They in shape so nicely with what youre attempting to say. Im sure youll achieve so many folks with what youve obtained to say.
hydroxychloroquine biden https://aralenphosphates.com/
https://hydroxychloroquine20.com/ hydroxychloroquine buy online
cialis tablets [url=https://cialiswithdapoxetine.com/#]cialis without a doctor prescription[/url]
cialis coupon https://cialiswithdapoxetine.com/
https://hydroxychloroquine30.com/ plaquenil hydroxychloroquine
chloroquine cost hydroxychloroquine and covid
https://aralenquinesen.com/ chloroquine over the counter