Earlier I saw a headline that said: "Economy in U.S. Shrinks as Defense Spending Slumps".
Interesting, but nothing strange --- right? Well, no. It should be seen as "strange" because defense spending is GOVERNMENT SPENDING --- and we "all" know that government spending does NOT, in any way, manner, shape, or form stimulate the economy -- right?
In fact, according to the VSP's the RIGHT way to prosperity is budget cuts, "entitlement" cuts, LOWER taxes on the RICH, and a higher tax burden on what's left of the middle class and the poor -- thus lowering the deficit, and making the already rich even richer -- because insanity, and greed know no bounds.
Meanwhile, back at the ranch the last time government spending was going to be cut, along with higher taxes -- something that would have actually cut the deficit - for now - was called a "fiscal cliff" by these same VSP's. Something to be avoided at all costs.
Why does ANYONE still listen to these fools?
Fannie and Freddie: Single Family Serious Delinquency Rate Decreased,
Multi-family Decreased in March
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Today, in the Calculated Risk Real Estate Newsletter: Fannie and Freddie:
Single Family Serious Delinquency Rate Decreased, Multi-family Decreased in
March...
2 hours ago
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