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Debts & Deficits: A Slow Motion Train Wreck

Thursday, October 4, 2018 13:17

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“Debts & Deficits: A Slow Motion Train Wreck”

by Lance Roberts

“Last Friday, I discussed that without much fanfare or public discussion, Congress decided to push the U.S. into deeper fiscal irresponsibility with the passage of another Continuing Resolution (CR). To wit: “The House on Wednesday passed an $854 billion spending bill to avert an October shutdown, funding large swaths of the government while pushing the funding deadline for others until Dec. 7. The bill passed by 361-61, a week after the Senate passed an identical measure by a vote of 93-7.”

Without the passage of the C.R. the government was facing a “shut-down” just prior to the mid-term elections. So, rather than doing what is fiscally responsible for the long-term solvency and financial health of the country, not to mention the generations to come, they decided it was far more important to get re-elected into office.”

Please view the complete, well charted, article here:

- https://www.zerohedge.com/news/

- https://realinvestmentadvice.com/

○

- Ralph Nader

As the Mogambo Guru, proclaimed, “We’re so freakin’ doomed!”

He’s right, and we deserve everything that’s coming, very soon…

Source: http://coyoteprime-runningcauseicantfly.blogspot.com/2018/10/debts-deficits-slow-motion-train-wreck.html

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