US President #Eisenhower on #ThisDayInHistory in 1961 gave his farewell address, in which he warned of a problem he had helped to create: The anti-democratic and corrupt #MilitaryIndustrialComplex. Defence contractors bribe #Congress, creating #DeficitSpending and #ForeverWars.
Wall Street analysts project continued strength in gold prices through next year, with Bank of America setting a top target of $5,000 per ounce amid rising deficit spending and global central bank demand.
#YonhapInfomax
#GoldPrices #BankOfAmerica #GoldmanSachs #CentralBanks #DeficitSpending
#Economics #FinancialMarkets #Banking #Securities #Bonds #StockMarket
https://en.infomaxai.com/news/articleView.html?idxno=92737
Wall Street Sees Bullish Gold Outlook for Next Year—Top Target at $5,000 per Ounce

Wall Street analysts project continued strength in gold prices through next year, with Bank of America setting a top target of $5,000 per ounce amid rising deficit spending and global central bank demand.

Yonhap Infomax
The Toons of November Remembered

Rummaging through the archives in Bergetoons' state-of-the-art plastic bins, our Graphical History Tour guides have run across my cartoon ab...

Government "deficit spending" is the nation-state creating money (out of thin air) and exchanging it.

The payroll tax (FICA) does not fund Social Security or Medicare. Like all other federal agencies, those agencies are funded by dollars created on purpose by the government (using laws from Congress) and placed in their accounts by the Treasury.

#FederalDeficit #fiatMoney #deficitSpending #moneyIssuance #moneyCreation #monetaryTheory #quotes #deficit #CentralBank #CentralBanks #Treasury #MMT

The notion of the state crowding out the private sector by its #deficitspending is currently trending. On my blog, I point out why it's a fallacy:

#economics #PostKeynesianism #PKE #debt #rates
https://jakobsteffen.substack.com/p/the-nonsense-of-crowding-out

The nonsense of crowding out

Why a key term bandied about in academia and media is simply erroneous

Post-Keynesian Bee

House slashes solar, wind & EV tax credits while adding $3.4T to the deficit - nothing says "fiscal responsibility" like a July 4th fireworks show funded by future taxpayers! 🎆 The 218-214 vote prioritizes yesterday's energy over tomorrow's planet.

https://news.slashdot.org/story/25/07/03/1849252/house-passes-bill-that-slashes-solar-wind-and-ev-tax-credits

#CleanEnergy #TaxPolicy #DeficitSpending

House Passes Bill That Slashes Solar, Wind and EV Tax Credits - Slashdot

The House passed a sweeping Republican tax-and-spending bill Thursday that rolls back major portions of Democrats' 2022 Inflation Reduction Act, dealing a significant blow to clean-energy projects and the electric-vehicle industry. The 218-214 vote sends the legislation to President Trump's desk ahe...

Barricade Fencing at White House and Treasury: the End of the American Dollar

Barricade Fencing at White House and Treasury: the End of the American Dollar - NewMexicoConservativeNews.com Under the cover of late night darkness this weekend Washington D.C. security teams began erecting non-scalable barricades as an additional and expanded security zone around the White House and around the United States Department of Treasury Building. No other buildings

New Mexico Conservative News
A firebrand State Department political appointee proposed using American taxpayer money to support French far-right leader Marine Le Pen as she appeals her embezzlement conviction, according to two State Department officials. #DeficitSpending
https://www.politico.eu/article/us-state-department-adviser-proposed-funding-french-far-right-marine-le-pen-appeal/
US State Department adviser wanted to boost French far-right leader Marine Le Pen

Samuel Samson, a political appointee, made the explosive recommendation as Le Pen eyes the presidency in 2027, two State Department officials tell POLITICO.

POLITICO

“The government can always finance its spending by creating money.”
~Hyman Minsky, economist

#fiatMoney #deficitSpending #moneyIssuance #moneyCreation #monetaryCreation #monetaryTheory #slogan #quotes #deficit #Fed #CentralBank #CentralBanks #Treasury #MMT

Rep. Thomas Massie (R-KY), known for his staunch fiscal conservatism, is making it clear: he’s a firm #NO on the #Republican #debt plan.

In a C-SPAN interview, #Massie dismantles the party’s own talking points, revealing that even under the most optimistic assumptions, the proposal adds hundreds of billions to the #deficit in the coming years. According to Massie, leadership’s numbers show a $328 billion increase in 2025 alone—with no real plan to control spending beyond vague promises of future restraint.

Having served in #Congress for 12 years, Massie has seen multiple so-called “10-year plans” under #Boehner and #Ryan—none of which ever played out as promised. He remains skeptical that this time will be any different.

With the deficit skyrocketing and fiscal responsibility on the line, Massie’s message is clear: empty promises won’t fix #America’s #economic future.

#ThomasMassie #FiscalResponsibility #DeficitSpending #DebtCrisis #NoMoreDebt #GOP #RepublicanParty #Congress #StopSpending #CSPAN #PoliticalAccountability #GovernmentWaste #NationalDebt #DebtCeiling #BudgetBattle #DCPolitics #TruthMatters #PoliticsUnfiltered