Tag: government spending

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The State of the Union

The U.S. Federal government is undergoing dramatic transformation, as President Donald Trump unleashes a nearly daily torrent of executive orders. Entire agencies are being gutted and/or face dissolution.

The poster child, so to speak, is U.S. Agency for International Development (USAID), which by statute delivers humanitarian aid across the globe. On Jan. 20, 2025, the Commander-in-Chief “implemented a 90-day freeze on foreign assistance“, while the organization’s future is being evaluated. Meanwhile, firings and other actions shake up FBI, Dept. Education, and other agencies.

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Why the Dow is So High But Consumers are So Low

Yesterday, I warned that signs of economic recovery are nothing more than a mirage. Today, I’m freaking out because Robert Reich has got an explanation so simple and so obvious. If the former US Labor Secretary’s analysis is correct, as I believe it is, the economy’s in deeper doo doo than even my worst warnings about it.