Tag Archives: spend

“US Savings Rate Crashes To 10 Year Lows As Spending Surges…”

“While incomes grew at an expected 0.4% MoM, US consumers spent at an exuberant 1.0% MoM clip – the biggest monthly rise since Aug 2009 (cash for clunkers). To cover this spending surge, the savings rate tumbled… …the savings rate … Continue reading

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“Americans Spend More on Taxes Than Food and Clothing Combined”

“Americans on average spent more on taxes in 2016 than they did on food and clothing combined, according to data released this week by the Bureau of Labor Statistics.” https://www.cnsnews.com/news/article/terence-p-jeffrey/bls-average-family-tax-bill-increased-411-4-years The government calls it “taxes.” A normal man calls it … Continue reading

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“Lowest-income families spend 40% of their money on what economists label luxuries.”

“It turns out that all Americans, regardless of income, spend a large percentage of their income on what economists categorize as luxuries… The wealthiest families (the top fifth of earners) spend around 65% of their incomes on luxury goods and … Continue reading

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Slaves To Debt: “CBO and OMB Agree: Federal Spending Will Top $4T for First Time This Year”

“Both the Congressional Budget Office and the White House Office of Management and Budget project that federal spending will top $4 trillion for the first time in fiscal 2017…” http://www.cnsnews.com/news/article/terence-p-jeffrey/cbo-and-omb-agree-federal-spending-will-top-4t-first-time-year This is why the U.S. is going bankrupt. Well the … Continue reading

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Complete Breakdown of GOP Spending Bill To Avoid Government Shutdown [5/1/17]

“No money for Trump’s wall, plus 6 other GOP issues missing from $1T spending bill” “Congressional negotiators have come up with a $1.07 trillion plan to keep the government running through the end of September – but there’s a lot … Continue reading

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Pentagon Tells N.A.T.O. Pay Your Way

“In an ultimatum to America’s allies, Defense Secretary Jim Mattis told fellow NATO members Wednesday to increase military spending by year’s end or risk seeing the U.S. curtail its defense support” https://www.yahoo.com/news/pentagon-chief-mattis-makes-clear-us-committed-nato-135812034–politics.html That’s right. Pay up for your own military … Continue reading

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Saudi Royal Family spending while going broke

“Even as the Saudi government canceled a quarter of a trillion dollars’ worth of projects back home as part of a fiscal austerity program… Sustained low oil prices have strained the economy and forced questions about whether the family — … Continue reading

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