Conservative Economic Commentary | Topic: US Fiscal Deficit

Category: US Fiscal Deficit

This category includes articles that discuss the excess of US government spending over tax and other receipts, resulting either in an increase in government debt or inflation, with a possible impact on the acceptance of the US dollar in international trade and finance.

Government spending:

US fiscal deficit soars six-fold

By John Schroy, on October 18th, 2009 |

Obama administration falls off the cliff

This “Obama Deficit” is about six times the fiscal deficit for the year 2003 and at the highest level in American history.

The Federal Reserve Flow of Funds accounts for Q2 2009, estimates the US fiscal deficit (on an annual basis) at $1,294.9 billion.

Uncontrolled spending by the US government and the lack of any clear plan as how these outlays will eventually be financed has resulted in the world fleeing dollars.

More » US deficit soars six-fold

The world's policeman is going broke:

Debasing the dollar; destroying a nation

By John Schroy, on October 12th, 2009 |

The war on terror weighs heavily on the dollar

The dollar has declined against other currencies since nine-eleven.

Costs of asymmetrical warfare and being the “world’s policeman” cannot be sustained indefinitely.

On top of the cost of a long war, the Obama administration is heaping profligate government spending designed to redistribute wealth.

The winner may well be Osama bin Laden, dead or alive.

More » Debasing the dollar; destroying a nation

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