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Game-Changing Investments for the US - New York Times (blog)

Game-Changing Investments for the US - New York Times (blog) | Macro Challenge | Scoop.it
New York Times
Game-Changing Investments for the US
New York Times (blog)
Today G.D.P.
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Christian Haro

 

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How Does the US Debt Position Compare with Other Countries? | Mercatus

How Does the US Debt Position Compare with Other Countries? | Mercatus | Macro Challenge | Scoop.it
The US debt-to-GDP ratio is at 106.5%--twice that of Switzerland and about five times that of Australia http://t.co/rNyxiCeMta
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-Zach Brown

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The US Government just made $1.8M investing in bitcoins. Watch this space.

The US Government just made $1.8M investing in bitcoins. Watch this space. | Macro Challenge | Scoop.it
Following an announcement last week by the Chinese that the world needs a new reserve currency, and the revelation that a Chinese state owned search giant Baidu now accepts Bitcoin as payment for o...
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BitCoins are Cool, and its great seeing the governemnt take intreast in bitcoins. Bit coins are an excelent concept to make. Now, the US governemnt is making and invesment of these bitcoins knowing fully that thier value is slowly increasing. It's not exactly spending which could be a problem. But we shall see what happens next

Christian Haro

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Why the Debt Ceiling is a Distraction

Why the Debt Ceiling is a Distraction | Macro Challenge | Scoop.it

The inability of the media and politicians to focus on the real issues never ceases to amaze.

The real crisis is not the “debt ceiling crisis.” The government shutdown is merely a result of the Republicans using the debt limit ceiling to attempt to block the implementation of Obamacare. If the shutdown persists and becomes a problem, Obama has enough power under the various “war on terror” rulings to declare a national emergency and raise the debt ceiling by executive order. An executive branch that has the power to inter citizens indefinitely and to murder them without due process of law, can certainly set aside a ceiling on debt that jeopardizes the government.

The real crisis is that jobs offshoring by US corporations has permanently lowered US tax revenues by shifting what would have been consumer income, US GDP, and tax base to China, India, and other countries where wages and the cost of living are relatively low.  On the spending side, twelve years of wars have inflated annual expenditures.  The consequence is a wide deficit gap between revenues and expenditures.


Via Gary Yarus
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Macro Challenge group #107483's curator insight, October 22, 2013 7:47 PM

The US should be more worried about the power of the president and not so much the debt ceiling.

Evan Butler