Think about it: if we run $1.6 trillion deficits in a “recovery”, how large will the deficits be in a recession? And if the average maturity of our debt is less than 5 years, what will happen when we can’t roll our debt over? Entitlements alone consume all of our revenue base. Military spending? That’s paid for by debt. Interest expenditures? Debt. Pensions for Veterans? Debt. Educational loans? Debt. Someone please wake up our clueless leaders before it’s too late.
It’s obvious we need to change the way we think about the economy. A simple change like a flat tax rate would go a long way in restoring American manufacturing. Tax-free bonds would also help to stimulate domestic purchases of debt. Why these changes aren’t being pushed harder by politicians is anyone’s guess. Instead we propose taxing the rich, which will undoubtedly make them take their capital abroad. Just listen to a billionaire like Steve Wynn talk about the horrendous economic policies of America; he is the type of mover and shaker who drives economic growth http://expectedreturnsblog.com/
Market Data 
Markets 
AI
