National Debt

David Stockman Blasts The "Derangement & Danger On The Potomac"

"The American people are being brought to ruin by three institutions that are mortal threats to liberty and prosperity. To wit, the Federal Reserve, the military/industrial/surveillance complex and a sinecured Congress that is burying unborn generations in debt -- even as it sanctimoniously presumes that it is doing god's work by servicing the beltway racketeers who keep it perpetually in office..."

Debt Has No Consequences? Color Us Skeptical

"The entire status quo is based on the delusion that rapidly rising debt will never generate any negative consequences. Color me skeptical of that working out in the real world."

Less Than Zero: How The Fed Killed Saving

"...this is NOT accidental... In fact, it has happened so often throughout history that there's actually a playbook (for the government) when you get to this stage. It's called Financial Repression..."

Stockman Warns Trump "Not A Snowball's Chance In Hell Of Reaching 4% Growth"

"We have a government that is so buried in deficits and debt that it couldn’t do the kind of massive deficit finance tax cuts that accidently happened under Ronald Reagan... There’s not a snowball's chance because it didn’t happen then. If you take 1981 to 1989 as a whole, growth was only 3.4%."

Snyder Rages "It's Time To Flush The Toilet"

Is it fair to compare Congress to a toilet? If there is one institution that embodies the corruption that permeates Washington D.C., it is the United States Congress. Dominated by extremely selfish career politicians that are primarily interested in raising enough money to win the next election, Congress has become a cesspool of filth, fraud and malfeasance.

In Watershed Event, Europe Unveils Plan To Securitize Sovereign Debt

In a watershed event for the European - and global - bond markets, Brussels is pressing for sovereign debt from across the eurozone to be "bundled into a new financial instrument and sold to investors as part of a proposal to strengthen the single currency area."  Call it securitized sovereign debt.