Government Spending, Debt and the Fiscal Cliff Solutions — In Scaled Down Equivalent Numbers

By: alanjoelny (Diary)  |  December 19th at 08:20 AM  | 

In order to understand the magnitude of government spending, debt and fiscal cliff “solutions”, it is helpful to scale down the numbers to more manageable ones that we are more accustomed to. Most citizens cannot properly comprehend the magnitude of the government finances because the amounts with which we are dealing were — at one time — unimaginable. First, some basic facts: 1. Government annual | Read More »

Breaking: US Credit Downgraded Again

By: alanjoelny (Diary)  |  September 14th at 02:47 PM  | 

US Credit Downgraded again on QE3 move: From MarketWatch “SAN FRANCISCO (MarketWatch) — Egan-Jones Ratings Co. said Friday it downgraded its U.S. sovereign rating to AA- from AA on concerns that the Fed’s new round of quantitative easing, or QE3, will hurt the U.S. economy. The ratings agency said the Fed’s plan of buying $40 billion in mortgage-backed securities a month and keeping interest rates | Read More »