The Congressional Budget Office’s baseline figures told us the feds will collect $67 trillion in revenue over the next ten years and spend $89 trillion. That would give us a debt of $58 trillion.
That’s why I like Trump, he is neither a democrat or republican. Just another businessman who is not a swamp creature. If he can’t fix this national disaster, nobody will…I wonder what our dear host would be writing about if sweet, stoned Kamala was sitting on the throne 🤔, but anyway, better to support our last hope than continue knocking America’s last chance for survival🇺🇸🇺🇸🇺🇸
I hear ya, Steve. You and I are both glad that Kamala isn't POTUS, but Trump is still pissing me off. If he doesn't make some effort to reign in spending (and his "big beautiful bill" makes zero effort) nothing else he accomplishes will matter in the long run.
I know brother, hopefully much brighter minds than ours are figuring out the best ways to get a return on our middle class investment in America, considering we are funding the big and beautiful bill🤔. I do have hope that the investment back to the people will have a much more positive impact compared to the trillions Biden wasted on illegals, Hunter, corruption, swamp creatures, BLM, Ukraine, Covid, Abortions, Netflix, Hunters drug habit, psychologist, Obamacare, Hunters illegitimate children, White House coke & tranny parties, Hunter’s rehabs, and the insane list goes on and on….really, how bad can Trump do at this point 🤔
In a grand grotesque ballet of fiscal lunacy, the American empire just got its shiny triple AAA rating yanked away by Moody’s, a fitting downgrade for a country sprinting headfirst into a $58 trillion debt abyss while spending $89 trillion against $67 trillion in revenue, but hey, keep buying those stocks because nothing screams ‘financial genius’ like pouring your money into a flaming dumpster while Wall Street fat cats chuckle and count their winnings, spinning you around like a sucker at a carnival game rigged from the start.
When the debt mountain finally crumbles, burying the dream under its own bloated carcass, don’t worry, the market will still be there, like a grinning corpse propped up for one last hustle.
It was an easy bet. It's like being the house when the only bet permitted at the Roulette wheel is on individual numbers, with a limit of one bet per person.
If it cannot continue it must stop. But it's not going to stop with a bang, it will be a drawn out process. Bill is right that it will start with investors demanding higher interest rates. The guv'ment is not going to like that 'cause it binds their handouts so the Fed will turn up and buy treasuries at "reasonable rates". For this they will use freshly printed money leading to a gradual rise in inflation. that will be welcomed in some circles because it decreases the real debt provided the nominal GDP growth (as boosted by inflation) exceeds the deficit. This can last a number of years with inflation and interest rates both running at 8 percent or more but no hyper inflation.
Bottom line: First higher interest rates then inflation and then both. Position yourself with long term mortgages on property or other investment generating income that grows at the same rate as inflation or better.
Doesn't seem like anyone gives a shit, the market buyers continue to buy into the perpetual good news which is in reality bullshit each day. I don't get it.. maybe AI is doing all the market buying and the bulkshit filter forcing the market up is in full filter mode. No one with an ounce of sense would continue to think things are continuing to be good now and in the future. Increasing fiscal debt is a slow boil for the USA, but I guess we will be the greatest country on earth when we swirll the drain....
Really Bill, Donald Trump is not shaking up the deep state? I guess you still long for the glory days of Joe. Biden when this country was disgraced on the global stage daily! C’mon, you have to be better than that.
Vigorously shuffling the deck chairs, life jackets and too few life boats while the ocean pours into the hole in the hull below the waterline while the disloyal opposition's only move is to cry "resist" and throw monkey poo at the captain. Almost comic unless your family are passengers.
Just another rehash of previous Bonner columns. But it shouldn't be lost on readers that as Bonner almost daily trashes Trump, he can't control what is going on at his own ranch.
Not only that but apparently he can't see what is going on in Romania, France, Germany, Hungary, Ukraine etc. He considers it all a collaborative democracy. My guess is he made his money from the Democrat's (not the old Democrats but the leftist takeover of the old Democratic party) free money system. It's very difficult to see past the conspiracy that provides one's income.
With respect John, what action would you suggest Bill take to get involved in the domestic affairs of others.
Liken it to the US getting involved in Viet Nam, Iraq, Afghanistan to mention only a few. IMO the odds are on a hiding ro nothing. This a matter for the Argentinian criminal justice system, not Bill's
Oh. So, now all of a sudden, you want me to apply logic, fairness, and put the situation in total context. Do you ask Bonner to do the same when it comes to Trump?
Bill, You once again indicate you want serious budget cuts. Okay, be specific for a change, and provide some examples; and, provide a timeline. But you won’t because you know that —serious—budget cuts would have to be so massive at this stage that they would wipe away many millions of government (and especially) government-contracted jobs, leading to even many more private-sector jobs lost to these job-holders unable to no longer spend, thus leading to the U.S. experiencing a depression. And then you would have to put up with folks accusing you of being a heartless billionaire who could easily survive a depression while tens of millions of your fellow Americans suffered greatly.
I would like to see serious budget cuts, but done gradually over a decade, maybe two, while, for example, a massive number of regulations on U.S. business are cut as quickly as possible. Starboard Edge provided a REALISTIC list of improvements I hope he will share occasionally with commenters.
Bill has indicated that budget cuts to military expenditure should be cut and not increased as is now on the table.
An invasion of America by some foreign force is very unlikely. A simple return in ideology i.e.changing the Department of Offence to that of Defence would be a good start
Hey brother, Happy Memorial Day 🇺🇸 Hope all is going well for you and yours and keep the faith, because we will eventually have America back, or both Die trying 🇺🇸🇺🇸🇺🇸🇺🇸
Budget cuts are easy to find that make sense but it is the results after the cuts that scare those with no courage or common sense. America has a lot of corruption and an ineffective Congress, DOJ, big pharma, big Agg. BBut America is also a country with tremendous natural wealth. We just need some more solid leadership to realize the stupidity of this fake environmentalism and a leftist media preaching that the foolish can't see through.
Bill-While I agree with you that the deficit is a bad thing. Being in business for many years sometimes you have to spend money to make money. I hope that Trump will increase money coming into America that the future will have time to reduce the deficit. It may be wishful thinking and I hope that businessman Trump knows you can’t spend more than you earn. AP
I do agree with Bill that spending more is not the solution. But as everyone, including all of Congress, is afraid not to spend enough. If Trump can defeat the DOJ and return to the separation of powers that would be the time to back the dollar with gold and resources and try to convince the American people to hunker down and live through a depression while cleaning up the corruption. The corruption is obvious to conservative groups like this but the courts and media don't support that narrative.
The poli-ticks will just keep sucking Tax and Treasury debt funded juice until USD purchasing power vanishes or another financial meltdown sinks the polity. Maybe all existing pirate crews will be swept off the Ship of State deck. Passengers should plan accordingly for whatever comes next. Maybe just hum "Nearer My God To Thee" while we wait?
So the cowboys are being friendly with mujeres who had plighted their troth to another gaucho? Thank goodness that only happens on the high reaches of a country that is named after silver. Because if this kind of hanky-panky occurred in Europe, Asia, Africa or North America, the world would be a much worse place.
Happily, there's a workable solution to this kind of thing: either send all the gauchos away, or send all the mujeres away. And see what happens then. If you think los originarios bring you problems, wait until you tell the entire population of the valley they have to remain faithful to the one they jumped over the broomstick with! Then count the hours until you are evicted from Argentina.
After nothing but name calling, labeling and derogatory statements made my none other than you.... I must say BB, I got a big kick out of your statement For our part, here at the Bonner Private Research headquarters, we stick to the high road. We won’t indulge in such low-brow attacks. “Jackass” describes most of them all fairly well; no need to go further". Spoken like a true Democrat!!!
Can't logically disagree with what you have said, and will hold on to my gold investments. I do have children and grandchildren so hope some of these new dollars from the mid-eastern countries will give us a boost but that, of course, cannot be a long term cure. The "Deep State" will still be in control!
A condensed version of Bill's post.
Democrats suck, republicans suck, and the USA is screwed.
Fiscally, hard to disagree with that. Thank you, UniParty.
That’s why I like Trump, he is neither a democrat or republican. Just another businessman who is not a swamp creature. If he can’t fix this national disaster, nobody will…I wonder what our dear host would be writing about if sweet, stoned Kamala was sitting on the throne 🤔, but anyway, better to support our last hope than continue knocking America’s last chance for survival🇺🇸🇺🇸🇺🇸
I hear ya, Steve. You and I are both glad that Kamala isn't POTUS, but Trump is still pissing me off. If he doesn't make some effort to reign in spending (and his "big beautiful bill" makes zero effort) nothing else he accomplishes will matter in the long run.
I know brother, hopefully much brighter minds than ours are figuring out the best ways to get a return on our middle class investment in America, considering we are funding the big and beautiful bill🤔. I do have hope that the investment back to the people will have a much more positive impact compared to the trillions Biden wasted on illegals, Hunter, corruption, swamp creatures, BLM, Ukraine, Covid, Abortions, Netflix, Hunters drug habit, psychologist, Obamacare, Hunters illegitimate children, White House coke & tranny parties, Hunter’s rehabs, and the insane list goes on and on….really, how bad can Trump do at this point 🤔
Pretty bad.
I'm very happy with Trump, running the stock market into the toilet so I could snatch up a few dozen stocks I thought were formally overpriced.
Couldn’t agree more Dennis! Made 30% this past month and doubled ARQQ! Not even hitting into my cryptos yet 🤑
Well stated
In a grand grotesque ballet of fiscal lunacy, the American empire just got its shiny triple AAA rating yanked away by Moody’s, a fitting downgrade for a country sprinting headfirst into a $58 trillion debt abyss while spending $89 trillion against $67 trillion in revenue, but hey, keep buying those stocks because nothing screams ‘financial genius’ like pouring your money into a flaming dumpster while Wall Street fat cats chuckle and count their winnings, spinning you around like a sucker at a carnival game rigged from the start.
When the debt mountain finally crumbles, burying the dream under its own bloated carcass, don’t worry, the market will still be there, like a grinning corpse propped up for one last hustle.
Anyone placing a bet for government budget cuts will always end up disappointed. And they will always lose their bet.
I think you make the highest probability bet today.
It was an easy bet. It's like being the house when the only bet permitted at the Roulette wheel is on individual numbers, with a limit of one bet per person.
If it cannot continue it must stop. But it's not going to stop with a bang, it will be a drawn out process. Bill is right that it will start with investors demanding higher interest rates. The guv'ment is not going to like that 'cause it binds their handouts so the Fed will turn up and buy treasuries at "reasonable rates". For this they will use freshly printed money leading to a gradual rise in inflation. that will be welcomed in some circles because it decreases the real debt provided the nominal GDP growth (as boosted by inflation) exceeds the deficit. This can last a number of years with inflation and interest rates both running at 8 percent or more but no hyper inflation.
Bottom line: First higher interest rates then inflation and then both. Position yourself with long term mortgages on property or other investment generating income that grows at the same rate as inflation or better.
Doesn't seem like anyone gives a shit, the market buyers continue to buy into the perpetual good news which is in reality bullshit each day. I don't get it.. maybe AI is doing all the market buying and the bulkshit filter forcing the market up is in full filter mode. No one with an ounce of sense would continue to think things are continuing to be good now and in the future. Increasing fiscal debt is a slow boil for the USA, but I guess we will be the greatest country on earth when we swirll the drain....
Really Bill, Donald Trump is not shaking up the deep state? I guess you still long for the glory days of Joe. Biden when this country was disgraced on the global stage daily! C’mon, you have to be better than that.
Vigorously shuffling the deck chairs, life jackets and too few life boats while the ocean pours into the hole in the hull below the waterline while the disloyal opposition's only move is to cry "resist" and throw monkey poo at the captain. Almost comic unless your family are passengers.
Definitely no shaking in the deficits….lost last triple A rating…
Just another rehash of previous Bonner columns. But it shouldn't be lost on readers that as Bonner almost daily trashes Trump, he can't control what is going on at his own ranch.
He is trashing the policies of bigger deficits…no matter who is in power
Not only that but apparently he can't see what is going on in Romania, France, Germany, Hungary, Ukraine etc. He considers it all a collaborative democracy. My guess is he made his money from the Democrat's (not the old Democrats but the leftist takeover of the old Democratic party) free money system. It's very difficult to see past the conspiracy that provides one's income.
With respect John, what action would you suggest Bill take to get involved in the domestic affairs of others.
Liken it to the US getting involved in Viet Nam, Iraq, Afghanistan to mention only a few. IMO the odds are on a hiding ro nothing. This a matter for the Argentinian criminal justice system, not Bill's
Oh. So, now all of a sudden, you want me to apply logic, fairness, and put the situation in total context. Do you ask Bonner to do the same when it comes to Trump?
Yep. Jackass covers it all.
Bill, You once again indicate you want serious budget cuts. Okay, be specific for a change, and provide some examples; and, provide a timeline. But you won’t because you know that —serious—budget cuts would have to be so massive at this stage that they would wipe away many millions of government (and especially) government-contracted jobs, leading to even many more private-sector jobs lost to these job-holders unable to no longer spend, thus leading to the U.S. experiencing a depression. And then you would have to put up with folks accusing you of being a heartless billionaire who could easily survive a depression while tens of millions of your fellow Americans suffered greatly.
I would like to see serious budget cuts, but done gradually over a decade, maybe two, while, for example, a massive number of regulations on U.S. business are cut as quickly as possible. Starboard Edge provided a REALISTIC list of improvements I hope he will share occasionally with commenters.
Bill has indicated that budget cuts to military expenditure should be cut and not increased as is now on the table.
An invasion of America by some foreign force is very unlikely. A simple return in ideology i.e.changing the Department of Offence to that of Defence would be a good start
If only!!
Hey brother, Happy Memorial Day 🇺🇸 Hope all is going well for you and yours and keep the faith, because we will eventually have America back, or both Die trying 🇺🇸🇺🇸🇺🇸🇺🇸
If you want serious budget cuts, read Davis Stockmans latest book(how to cut 2$ trillion).
Budget cuts are easy to find that make sense but it is the results after the cuts that scare those with no courage or common sense. America has a lot of corruption and an ineffective Congress, DOJ, big pharma, big Agg. BBut America is also a country with tremendous natural wealth. We just need some more solid leadership to realize the stupidity of this fake environmentalism and a leftist media preaching that the foolish can't see through.
Bill-While I agree with you that the deficit is a bad thing. Being in business for many years sometimes you have to spend money to make money. I hope that Trump will increase money coming into America that the future will have time to reduce the deficit. It may be wishful thinking and I hope that businessman Trump knows you can’t spend more than you earn. AP
AP:If only Trump knew that you can't spend more than you earned!
I do agree with Bill that spending more is not the solution. But as everyone, including all of Congress, is afraid not to spend enough. If Trump can defeat the DOJ and return to the separation of powers that would be the time to back the dollar with gold and resources and try to convince the American people to hunker down and live through a depression while cleaning up the corruption. The corruption is obvious to conservative groups like this but the courts and media don't support that narrative.
The poli-ticks will just keep sucking Tax and Treasury debt funded juice until USD purchasing power vanishes or another financial meltdown sinks the polity. Maybe all existing pirate crews will be swept off the Ship of State deck. Passengers should plan accordingly for whatever comes next. Maybe just hum "Nearer My God To Thee" while we wait?
So the cowboys are being friendly with mujeres who had plighted their troth to another gaucho? Thank goodness that only happens on the high reaches of a country that is named after silver. Because if this kind of hanky-panky occurred in Europe, Asia, Africa or North America, the world would be a much worse place.
Happily, there's a workable solution to this kind of thing: either send all the gauchos away, or send all the mujeres away. And see what happens then. If you think los originarios bring you problems, wait until you tell the entire population of the valley they have to remain faithful to the one they jumped over the broomstick with! Then count the hours until you are evicted from Argentina.
very cute idea!
Are their any governments- Countries on earth that spend less than they make ? Really would like to know.
Belarus, Denmark, Switzerland!
https://www.citypopulation.de/en/world/bymap/budgetsurplus/
thanks for the info but see if you can find something way more up-to-date than this. Thank you
After nothing but name calling, labeling and derogatory statements made my none other than you.... I must say BB, I got a big kick out of your statement For our part, here at the Bonner Private Research headquarters, we stick to the high road. We won’t indulge in such low-brow attacks. “Jackass” describes most of them all fairly well; no need to go further". Spoken like a true Democrat!!!
Yes, a bit sad isn't it ws!
Can't logically disagree with what you have said, and will hold on to my gold investments. I do have children and grandchildren so hope some of these new dollars from the mid-eastern countries will give us a boost but that, of course, cannot be a long term cure. The "Deep State" will still be in control!
Those mid eastern nations are not giving without some kind of getting. We just can't see behind the curtain. Yet. It is coming though.
A good one , Bill , Thanks PHN