Congressional Budget Office

Paul Volcker Explains Why The Fed Can't Raise Rates

"Our current debt may be manageable at a time of unprecedentedly low interest rates. But if we let our debt grow, and interest rates normalize, the interest burden alone would choke our budget and squeeze out other essential spending. There would be no room for the infrastructure programs and the defense rebuilding that today have wide support."

Absurd Thinking

...it’s pretty obvious where things are headed. This isn’t a political problem. It’s an arithmetic problem. And the math doesn’t add up. The alternative is to assume that the Fed possesses some magical fairy dust to fix everything without any consequences... or that there will never be a recession ever again until the end of time.

Fun With Fake Statistics: The 5% "Increase" In Median Household Income Is Pure Illusion

The truth is the rich are getting richer and everyone else is losing ground as inflation chews through stagnant incomes and rising debt loads stripmine disposable income. Bought and paid for cheerleaders for our failed, corrupt status quo will always hype bogus, purposefully misleading statistics - but don't mistake fakery for fact.

Incompetent But Not Weak: "The Fed Doesn't Know Whether To Shit Or Go Blind"

The outlook for the US economy is deteriorating, yet the Fed is trying to raise overnight rates to keep unseen inflation from rising. Success in its strategy could force consumption lower, unemployment higher, and exacerbate real output contraction. The market, however, should not underestimate the Fed’s power based on its apparent incompetence.

Government Study Admits Fed Policies Have Deepened Downturn For Many

People, more and more of them, understand the impossibility of improving the economy by giving a handful of people the power to expand or contract the money stock at will. In simplest terms it is a ridiculous idea. It can’t work. It doesn’t work. And this analysis is further proof. And sooner or later the current system will not have the necessary popular support to survive.

The Return Of The Obamacare Death Spiral

This slow exodus of insurers from the health law's marketplaces represents a serious threat to the continued stability and existence of its exchanges. Obamacare is perched on the edge of a death spiral. The fundamental problem is simple: Insurers are losing money... was that the plan all along for the Affordable Care Act?

Meet The Spornosexual: How A Weak Economy Sparked The Selfie-Generation

Poor economies impact countries in a number of detrimental ways including higher rates of poverty, unemployment and chronic disease. Now, a new study shows the bad economy is to blame for another unfortunate trend: the rise of the selfie generation and "spornosexuality."

Health Care Costs Are Rising Sharply, And It Will Get Much Worse

Thanks to Obamacare, it is frequently better for a middle class family to get no raise than even a decent sized raise. The wage point varies, but many will say “Dear employer, please don’t pay me more. It will cost me a lot of money”.