Government debt is a different problem with different characteristics. But as we all know, it’s still debt, as most of us think of debt: an obligation that must be paid in the future… and it is definitely still a problem.
— Read on www.mauldineconomics.com/frontlinethoughts/double-debt-problem
More on the debt crisis
The chickens are coming home to roost. It’s only a question of when. Herbert Stein was chair of the Council of Economic Advisors under Presidents Richard Nixon and Gerald Ford and is the father of the more well known Ben Stein. In 1976, he propounded what he called “Stein’s Law”: if something cannot go on forever, it will stop. Stein was referring to economic trends, but the
— Read on mises.org/power-market/coming-bankruptcy-american-empire
10 Myths About Government Debt – YouTube
— Read on m.youtube.com/watch
Good analogy
by John Mauldin, Thoughts from the FrontlineScience tells us energy can neither be created nor destroyed within a closed system. Whatever amount is there will stay the same, though it might change form. If only the same were true for debt.
— Read on econintersect.com/pages/analysis/analysis.php
The most disturbing outcome of the recent mid-term election isn’t that Alexandria Ocasio-Cortez will be a Member of Congress. I actually look forward to that because of the humor value.
— Read on mises.org/power-market/trump-pelosi-budget-deal-recipe-worst-kind-tax-increase
We are much better at creating debt than eliminating it. But when we have too much, we eventually eliminate it in painful and unpleasant ways via some kind of debt crisis. This has happened over and over again throughout history.
— Read on www.mauldineconomics.com/frontlinethoughts/seventh-inning-debt-stretch
QUESTION: Mr. Armstrong, you said that next year, interest expenditure will most likely exceed military. Is this how the monetary crisis begins to unfold? WR ANSWER: The entire problem with this Quantitative Easing has been the plain fact that the government is the biggest debtor. This is the same model around the world. Lowering interest rates to encourage people to borrow is absurd when the greatest impact will be upon the government. Europe is now on life support thanks to the ECB. Even if we look at the United States, every 1% rise in interest rates adds $220 billion annually to America’s deficit. Since we have exceeded the Bullish Reversal on Fed Rates on an annual basis, reaching the 5% level means the annual interest expenditures will be rise by about $1 trillion per year! This is just not a system that has much life expectancy before we enter a major Monetary Crisis that is off the charts.
— Read on www.armstrongeconomics.com/markets-by-sector/interest-rates/the-coming-monetary-crisis/
House Speaker Paul Ryan, Sept. 6, 2018. (Getty Images/Mark Wilson)
— Read on www.cnsnews.com/news/article/terence-p-jeffrey/feds-collect-record-taxes-october-still-run-100b-deficit
This is our most pressing danger to our country, a spending addiction by politicians. If someone ran a business like this, they would be bankrupt. They constantly spend money we don’t have plunging us deeper in debt. All hell will break lose when the day comes when we can’t pay the interest on that debt……and it will come.
YouTube
— Read on m.youtube.com/watch
Debt Doesn’t Fuel Growth Anymore
— Read on riggedgame.blog/2018/11/12/a-worldwide-debt-default-is-a-real-possibility/
John Barleycorn 
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