What Socialism Means | Current Affairs

If you’re plugged into the narrow world of online political debate, particularly in left-leaning circles, you may have heard about a war between leftists and liberals. Epitomized by the bruising primary fight between supporters of Bernie Sanders and those of Hillary Clinton, this divide has been endlessly debated, pulling in disagreements about policy, tactics, messaging, and the future of the Democratic party.

Source: What Socialism Means | Current Affairs

Debt Ceiling Deal Doubts Rise – USA Default Risk Hasn’t Done This Since Lehman

The US Treasury Bill market remains notably inverted around the uncertain timing of the US debt limit debacle. As Bloomberg reports, while Treasury bills maturing in October continue underperforming against November and December securities, the market has a murky view on the drop-dead date for the U.S. debt ceiling.

Source: Debt Ceiling Deal Doubts Rise – USA Default Risk Hasn’t Done This Since Lehman

“The US Is Staring Down A Technical Default” – Here Are The Five Debt Ceiling Scenarios

In a note released on Monday commenting on the looming US debt ceiling showdown and the growing threat of a government shutdown and technical default by the US, Compass Point analyst Isaac Boltansky said he is becoming increasingly concerned that fall deadlines for federal government funding and the debt ceiling will prove tougher than the market currently expects, resulting in ” markets roiled heading into 4Q and Fed’s policy normalization trajectory facing complications.” He adds that the increasingly fragmented legislative landscape may be set to “transition from inaction to dysfunction”, citing such factors as: Lawmakers return in Sept. with no clear strategy GOP leaders will likely be forced to rely on sizable contingents of Democrats Current spending caps for FY2018 are “despised” by both Democrats, Republicans, but for wholly different reasons White House’s position remains unclear as Treasury Sec.

Source: “The US Is Staring Down A Technical Default” – Here Are The Five Debt Ceiling Scenarios

With the Republicans in control of both chambers of Congress and the Presidency, this would prove the complete incompetence and inability of the Republicans to govern.  They would deserve to cease as a party if this happens.

Berlin Calls For “Countermeasures” To US Sanctions Against Russia, Hints At Trade War

While the Pentagon may be already contemplating its next steps in the escalating conflict with Russia, which as the WSJ reported will likely involve supplying Ukraine with antitank missiles and other weaponry – a red line for the Kremlin not even the Obama administration dared to cross – there is minor matter of what to do with a suddenly furious Europe, which as we discussed previously, has vowed it would retaliate promptly after Trump signed the anti-Russia legislation into law, due to allegations it was just a veiled attempt at favoritism for US-based energy companies.

Source: Berlin Calls For “Countermeasures” To US Sanctions Against Russia, Hints At Trade War

Hate Income Inequality? Blame Intrusive Government Policies.

“Income inequality in the United States has increased significantly in the last four decades,” Leilani Barnett of the Federal Reserve Bank of San Francisco wrote last week for the California Economic Summit. And, it turns out, the activist government interventions in the economy favored by the people most concerned about the increasing gap between rich and poor are probably making things a hell of a lot worse.

Source: Hate Income Inequality? Blame Intrusive Government Policies.

Illinois Had The Worst Personal Income Growth In The U.S. Over The Past Decade

Submitted by Austin Berg, of IllinoisPolicy.org Illinois’ jobs growth was worse than every neighboring state, and half the neighboring state average from June 2016 to June 2017, according to a new report. Data released July 27 by the Illinois Department of Employment Security, or IDES, reveals Illinois’ jobs growth from June 2016 to June 2017 was 0.9 percent, compared with a national average of 1.5 percent.

Source: Illinois Had The Worst Personal Income Growth In The U.S. Over The Past Decade

California Moves One Step Closer To Declaring Independence From US Government

Authored by Carey Wedler via TheAntiMedia.org, After a bid to launch a California secession movement failed in April, a more moderate ballot measure has been approved , and its backers now have 180 days to attain nearly 600,000 signatures in order to put it up to vote in the 2018 election.

Source: California Moves One Step Closer To Declaring Independence From US Government