The Angry Bear

Federal Revenue: Where Does the Money Come From, (nationalpriorities.org) This is a rather well explained documentation of US revenues, where it comes from and where does it go. This and my earlier commentary is to explain what is going on so we have a better idea of how to discuss this. The US budget . . . Where Does the Money Come From Taxes are by far the largest source of income (or revenue) for the federal government. The government...

Federal Revenue: Where Does the Money Come From, (nationalpriorities.org) This is a rather well explained documentation of US revenues, where it comes from and where does it go. This and my earlier commentary is to explain what is going on so we have a better idea of how to discuss this. The US budget . . . Where Does the Money Come From Taxes are by far the largest source of income (or revenue) for the federal government. The government...

Federal Budget, Why Should you Care About the Federal Budget, (nationalpriorities.org) It appears, we need to better understand what we are talking about. Or at least establish a foundation for our words which I believe we take for granted. I took the liberty of pulling this up from a site. It is pretty basic. Borrowing and the Federal Debt In any given year, if federal revenues and government spending are equal – as in, the government takes...

Federal Budget, Why Should you Care About the Federal Budget, (nationalpriorities.org) It appears, we need to better understand what we are talking about. Or at least establish a foundation for our words which I believe we take for granted. I took the liberty of pulling this up from a site. It is pretty basic. Borrowing and the Federal Debt In any given year, if federal revenues and government spending are equal – as in, the government takes...

Three healthcare issues that are relevant to today. Things we should be talking about. If you remember Merrill Gooz had a chart up showing healthcare costs have been around 17%. For more than a decade, CMS and CBO consistently overestimated the growth in health care spending, which undermines efforts to spend more on health-related social needs. Health Care Costs Will Comprise About 20% of US Economy by 2031, JAMA Network, Emily Harris. The...

Three healthcare issues that are relevant to today. Things we should be talking about. If you remember Merrill Gooz had a chart up showing healthcare costs have been around 17%. For more than a decade, CMS and CBO consistently overestimated the growth in health care spending, which undermines efforts to spend more on health-related social needs. Health Care Costs Will Comprise About 20% of US Economy by 2031, JAMA Network, Emily Harris. The...

Industrial and manufacturing production continue to falter  – by New Deal democrat I frequently call industrial production the King of Coincident Indicators, because so often the turning point in this metric has been at the peaks and troughs of the economy as a whole. That has not been the case since last September, when this indicator last peaked. And it continued its declining trend in June. Total production declined -0.5%, and...

Industrial and manufacturing production continue to falter  – by New Deal democrat I frequently call industrial production the King of Coincident Indicators, because so often the turning point in this metric has been at the peaks and troughs of the economy as a whole. That has not been the case since last September, when this indicator last peaked. And it continued its declining trend in June. Total production declined -0.5%, and...

June retail sales continue to falter, with the important exception of motor vehicles  – by New Deal democrat As usual, retail sales is one of my favorite indicators, because it tells us so much about the 70% of the US economy that is consumption, as well as being a short leading indicator for employment. It has been faltering for the past year, and June was no different. Last month retail sales increased 0.2% nominally, but because consumer...

June retail sales continue to falter, with the important exception of motor vehicles  – by New Deal democrat As usual, retail sales is one of my favorite indicators, because it tells us so much about the 70% of the US economy that is consumption, as well as being a short leading indicator for employment. It has been faltering for the past year, and June was no different. Last month retail sales increased 0.2% nominally, but because consumer...