DEAR MRS. MACGUINEAS I thoroughly enjoyed your recent appearance and discussion on Bloomberg regarding your Plan and what we need to do regarding Our National Debt now just surpassing the $40 Trillion Dollar mark!! What I’m concerned about is–when we are finally getting Your Plan before Congress and passed or
With the July 29th Fed (Federal Open Market Committee (FOMC)) Meeting completed, the vote was 9-3 not to raise interest rates, this raising of interest rates being considered because of the of inflation caused by the present re-startup of attacks on ships and other regional bombing by Iran. Just to
Recently on Bloomberg News, CBO’s (Congressional Budget Office’s) Director Phillip Swagel appeared, voicing concerns about our rapidly rising $39 Trillion Dollar National Debt, also discussing the CBO’s Emergency “Break Glass” Plan intended to counter the “Next Economic Shock” which can be viewed at https://www.crfb.org/papers/break-glass-plan-next-economic-shock On March 17, 2026, the gross
Absent a nuclear war, a major conflict, another global pandemic or a gigantic comet crashing into planet Earth, the Dollar losing its status as the world’s reserve currency is the worst potential problem we face. If that were to happen the dollar would lose its relative value compared to other
With Trump’s worldwide, across-the-board aggressive Tariff Policy leveling hefty tariffs on our four major trading partners–China, the European Union (EU), Canada and Mexico currently at 25 precent on both Canada and Mexico, 30 percent (originally as high as 145 percent then down to 80 percent and now at 30 percent)
WHY IS IT SO CRITICALLY IMPORTANT TO GET CONTROL OF OUR RISING AND CLIMBING $35 TRILLION DOLLAR NATIONAL DEBT???
IT IS SO CRITICALLY VERY IMPORTANT to gain control of Our Rising National Debt currently at $34.85 Trillion Dollars (with $1.20 Trillion more being spent this year alone than what we’ve collected and that’s only in the first 6 months of this year!!!
The biggest problem caused by our now rising out-of-control National Debt is that we could lose our position as the world’s Global Currency if we don’t do something!!
If that were to happen the dollar would quickly lose its relative value compared to other currencies—What we sell to other nations, we would get less in return and what is imported here would be more expensive for each and all of us!!!
With our National Debt surpassing the $34 Trillion Dollar mark and the current Debt Ceiling crisis again needing to be resolved this time by January 19th, Congress, at least, may have a temporary budget proposal in the works of 1.59 trillion dollars comprised of 886 billion designated for defense spending and another 704 billion in non-defense spending.
First of all, just to lay some groundwork, the reason Congress is debating Raising The Debt Ceiling even though all the expenses and obligations in question is not some future-to-be debt but rather are expenses and obligations ALREADY incurred, The Problem is–there’s not enough money currently in the U.S. Treasury to pay these bills.
This “Perfect Storm” of Low Supply of Key Items–the raw materials and component parts that go into the manufacture and production of many things coupled with Excess Cash in the hands of both Business and Consumers leading to Price Increases for all these raw materials and component parts and ultimately for the finished goods and merchandise sold to The Consumer—This “Perfect Storm” of the “Worst of the Worst” of Coincidental “Gut Punches” leading to the Resultant Subsequent Compounded Inflation that we’ve had and are STILL experiencing!
Yes, as The Fed raises Interest Rates to Curb Inflation—The result of this action of Raising Interest Rates, Diminishing Demand by Increasing the Costs of Borrowing Money thereby Decreasing Purchases of Consumer Items such as Homes and Cars and for Businesses–Loans for Start-Ups, Ventures, Expansion and Equipment, can also help with Our Debt Ceiling Crisis!!
This is a discussion about The Fed BUT WITH A DIFFERENT SLANT. Everybody on the news circuit is talking about the interest rate hikes The Fed is implementing to curb inflation but no one is talking about JUST BTW–JUST WHAT IS THE OPTIMUM INTEREST RATE LEVEL?
IN ADDITION TO President Biden ordering the release of 180 Million Barrels of Oil from our Strategic Petroleum Reserve (SPR) to be distributed over the next six (6) months basically at a rate of about One Million Barrels per day and his decision to restart domestic oil production ASAP to
INTRODUCTION With a re-awakening Economy and the public beginning to consume again at pre-Pandemic levels but hampered, in part, by MAJOR Supply Chain Issues causing shortages and hence, an abnormally high demand for a number of popular consumer goods and with businesses and retailers, at the same time, trying to
Republicans vow to vehemently oppose any increase in Our nation’s Budget Debt Ceiling when in fact the last current increase in Our Budgetary Debt Ceiling of $8 Trillion Dollars was approved unanimously by BOTH parties in 2017 when then President Trump to keep businesses and corporations from relocating to foreign
This article is intended to “showcase” a new, novel approach on how, if Biden needs to—to go about negotiating with The Republicans employing a completely new strategy, in lieu of any OR a lesser tax increase, so that he can IMMEDIATELY BETTER INITIALLY fund the Entire Set of Startup Costs
This article is in regards to President Trump’s projected “D-Day” of May 1st to formally reopen The American Economy and the powers he has to accomplish this OR, more specifically, the powers granted to him under the U.S. Constitution versus the powers he “thinks” he has and the games and strategies he
A PLAN FOR HEALTHCARE COVERAGE FOR ALL This Plan would be Comprehensive Universal Healthcare Plan for ALL and would be a hybrid of Private Coverage (continuing as it is) and an extension of our present Social Security system to include a newly created Governmental Publicly funded Healthcare Coverage Program for
(1) With respect to Elizabeth Warren, Bernie Sanders and others wanting to impose a Wealth Tax to fund Healthcare—as per discussion in my first article “On Healthcare” if a business doesn’t carry a group plan for its employees, under my Plan Proposal (again, see first article “On Healthcare”), it would
(1) In our last article on the Warren Wealth Tax and how it could be better and more sensibly applied–We made the following proposition and observation>> (2) The Wealthy Corporations—their products (cars, computers, just about anything you can think of) can only operate as a result and ONLY BE SOLD
Instead of imposing tariffs, an alternative plan would be to require all foreign entities doing business here selling their finished products or components to be used in finished goods or the selling of basic raw materials such as refined steel and aluminum–anything that is also or similarly made by domestic
When and if President Trump exhausts all his remedies by use of tariffs to achieve the trade balance equity and national interest goals he envisions, a next strategy to employ, if necessary, would be to begin requiring foreign corporations doing business here (especially those selling import product-goods in direct competition
Please find Plan Proposal to finance Our Infrastructure Rebuilding. As reported by Bloomberg News, Our Infrastructure Rebuilding Program will cost $2 Trillion Dollars. And both parties are at a loss for a way to completely fund such a massive undertaking. If I can be of help here is a way>>>
This Plan is a two-fold attempt to build/construct the Best Economy possible. And the Best way to do this is to: (1) Maximize Consumption as much as possible (while still maintaining an adequate Tax Base for governmental expenses and obligations (the relevance of this to be explained, infra.) Such maximization
Our next big problem for us to look at after the current Trade/Tariff War dies down, is our increasing annual Budget Deficit projected to be $1 Trillion and the rising of Fed Interest Rates. Here’s My Plan to best help finance our Annual Budget and keep interest rates low (except when used
The next big problem for us to look at is our annual Budget Deficit and the rising of Fed Interest Rates to boost sales of US Treasury Bonds. Here’s My Plan to best help finance our Annual Budget and keep interest rates low: Although many nations and foreign entities already buy bonds