Budget Deficit

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Record Budget Deficits, Pensions Coming Due

I’ve read my fair share of history. I know that people have been calling for the collapse of our debt structure for a long time yet nothing has happened. The belief that the U.S. can claw its way out of any crisis is embedded in our DNA. We still have the most mature markets and the … Continue reading

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Visualizing The Government’s Massive Budget Deficit Forecasting Error

That government projections are not worth the price of the paper (especially not in today’s dis-disinflationary environment) they are printed on is no secret. As Zero Hedge recently demonstrated the margin of error in the most recent budgetary prediction can only be classified as insane. We wrote: “On February 28, 2001 George Bush said this … Continue reading

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Charting The US Fiscal Catastrophe

With little fanfare, the November budget deficit of $150.4 billion was reported, which happened to be the worst fiscal November in the history of the US, and just out of the top 10 of worst deficit months ever, including the traditionally weak seasonal months of December, April and September (indicatively, the worst deficit month was … Continue reading

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November Budget Deficit Highest on Record

The federal budget deficit rose to $150.4 billion last month, the largest November gap on record. And the government’s deficits are set to climb higher if Congress passes a tax-cut plan that’s estimated to cost $855 billion over two years….

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Will America Choke on its Own Debt

By William Patalon III, Executive Editor, Money Morning Is America getting in too deep? According to a new estimate by the Congressional Budget Office (CBO), if the United States continues along its current path, U.S. public debt will reach 90% of the nation’s economic output by 2020. Given that federal debt has already zoomed to … Continue reading

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Economic Depression Data

..Gold is a time-proven wealth preserving asset in periods of economic depression. Government-sponsored cash is also a time-proven wealth preserving asset in such periods as long as your timing is right. In other words, as long as you get rid of the government cash….

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The Next Contagion (US TBonds)

The president has proposed a freeze on some domestic spending, but the freeze will impact only a small portion of the budget, would not kick in until next year, and would include a mix of spending cuts and spending increases. It would have zero impact on the 2010 deficit and little impact on future deficits.

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