Category Archives: debt

Fuel for the Tea Party Movement

U.S.’s $13 Trillion Debt Poised to Overtake GDP: Chart of Day Dan Fuss, who manages the Loomis Sayles Bond Fund, which beat 94 percent of competitors the past year, said last week that he sold all of his Treasury bonds … Continue reading

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Medicare Dr. reimbursement cuts suspended.

Oh what a surprise. Of course, it couldn’t have much to do with cold hard reality? The problem with the price-fixing scheme is that it’s narrowing the list of providers. Doctors can’t pay for their own costs now, and cutting … Continue reading

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… and we can afford Obamacare???

Social Security to Start Cashing Uncle Sam’s IOUs Buy Gold.

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Gold tops $1160

More at kitco.com.

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China and Obamacare

Guess what? It turns out the Chinese are kind of curious about how President Barack Obama’s healthcare reform plans would impact America’s huge fiscal deficit. Government officials are using his Asian trip as an opportunity to ask the White House … Continue reading

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Gold breaks $1140

Three day chart.Six month chart. More charts at Kitco.com. Gold Hit Another All Time High! What It Means For You Nothing goes straight up or straight down as they say. You can expect a dollar rally as investor Jim Rogers … Continue reading

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Debt is destroying the dollar

George Will comments. Here are a few choice quotes… America, says Lindsey, will not become Weimar Germany, where hyperinflation caused people to rush to stores with satchels of rapidly depreciating currency. But, he adds, no country has successfully behaved the … Continue reading

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$1.4 Trillion dollar deficit

Can’t make this stuff up! Well on second thought the government is probably printing money, that seems awfully close to “making it up”. Of course it could still turn out to be a beautiful world.

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National Debt….

The good news… And the United States’ economy is so large that the seemingly titanic sum of $9.6 trillion is only 60.8 percent of American GDP. The national debts of France and Canada are similar, with France at 68.1 percent … Continue reading

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Eventually the government will have to print money

When no one’s left to tax and they have bills to pay, who ya gonna call? More on higher taxes over at Powerline (where I “stole” the above graph). That is simply ridiculous. It is questionable whether democracy can survive … Continue reading

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How far we have fallen

Out of control spending concerns Europe…

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The bond vigilantes are back!

As the chart below shows, the 10 year bond yield has been creeping up since the end of December. Wonder why? Could it be due to the economy turning around? Most likely it’s because our lenders don’t care to lend … Continue reading

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Largest holders of United States Debt

The top 5 are: Federal Reserve $4,800 billionMutual Fund 769China 740Japan 635State & Local Gov 525 Slideshow: The 15 Biggest Holders of US Government Debt

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