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ranbotrader
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King of Debt vs. Queen of Deficits - Michael Pento - Delta Global Advisors

Don't forget the extra hit now that overseas countries are having the audacity to require multinationals, mostly American companies, to pay the going rate of tax in their countries. Imagine, paying tax? Don't these countries know that multinationals create jobs????
And then you get the predicted response with a Whitehouse spokesperson getting in front of the cameras threatening retribution. Really? So WHO actually owns the government in the land of the (not) free?

Commented 2996 days ago

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Beginning of the headline :The Congressional Budget Office (CBO) estimates the total deficit for fiscal 2016 will be $590 billion. This is $152 billion (34%) greater than the shortfall posted in fiscal year 2015. And by 2026 the deficit would be considerably larger as a share of the nation's output (GDP) than its average over the past 50 years. In addition to this, debt held by the public would rise significantly from its already high level, reaching 86% of GDP by 2026. These accumulating budget deficits add to... Read More

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