Legislation of a debt ceiling does not absolve the US from its obligations. UPDATE: The 14th Amendment of the Constitution clearly states that Congress must not default on its obligations. While the USA frantically tried to save the world with a nuclear arsenal they could never use and military overspending on wars that did no …
Category: US economy
The Republican End Game
The Republican "end game" would be everything owned by big corporations not necessarily aligned with nations as entities but freely enriching shareholders from anywhere avoiding tax as their earnings are processed where there are no taxes. If these mega corporations are able to employ everyone for a pittance then we are buying into a return …
US Debt Tsunami
The US debt emergency is coming, and it is a man made Tsunami – after the erasure of an accumulation of massive fictional wealth – the complex debt structures borrowed with leverage against assumptions that have resulted in systemic deficiencies and bailouts – and may result in the collapse of one set of rules in …