This Is New: Governments Ramp Up Borrowing IN ANTICIPATION Of A Slowdown

By John Rubino – Re-Blogged From Dollar Collapse

The business cycle has its stages, and they’re usually both predictable and logical. For example, governments tend to generate a lot of tax revenue late in an expansion as more people get jobs and start paying income taxes and rising stock prices generate big capital gains. Meanwhile, less has to be spent on social safety net programs because everyone is working. Combine higher tax revenues and lower spending and you get shrinking deficits.

But not this time. Government borrowing soared around the world in 2018, even as economic growth, employment and stock prices peaked. Why the change? Well, apparently governments have decided – for the first time since the inception of the business cycle – to preemptively attack the next recession.

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Elizabeth Warren Mulling Tax on Wealthy Americans

By Jason Devaney – Re-Blogged From Newsmax

Sen. Elizabeth Warren, D-Mass., appears to be borrowing an idea from a new member of the opposite chamber by considering a wealth tax on the richest Americans.

According to The Washington Post, economists working with Warren — who recently formed an exploratory committee to look into running for president in next year’s election — are working on the plan with her.

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US Government Debt Bomb Much Higher Than Americans Realize

By SRSrocco – Re-Blogged From Silver Phoenix

The U.S. Federal debt bomb continues to increase, even with the government shut down.  In just one day, the U.S. public debt increased $50 billion on Jan 15th.  While the total outstanding Federal debt has now reached nearly $22 trillion, it doesn’t include all U.S. government debt.

That’s correct… there’s a lot more debt than Americans realize sitting on the balance sheet of the U.S. Government.  For example, there are other obligations such as U.S Government Agency Debt that isn’t well-known.  According to the USGovernmentSpending.com website, U.S. Agency debt is the amount of outstanding debt issued by federal agencies (such as FHLB and GNMA) and government-sponsored enterprises (such as Fannie Mae and Freddie Mac).  The amount of U.S. Agency debt

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Of Discount Rates and Candy-Canes

By Christopher Monckton of Brenchley -Re-Blogged From WUWT

“The time has come,” the Walrus said,

“To talk of many things:

Of shoes and ships and sealing-wax,

Of cabbages and kings,

And why the sea is boiling hot,

And whether pigs have wings.”

Lewis Carroll, Aliciae per speculum transitus

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Weekly Climate and Energy News Roundup #344

The Week That Was: 2019-01-19, Brought to You by www.SEPP.org

By Ken Haapala, President, The Science and Environmental Policy Project

Quote of the Week: “Truth never dies but lives a wretched existence,”— Yiddish proverb [H/t Tim Ball.

Number of the Week: Advancing to # 3?

The Weather Engine: Last week’s TWTW discussed the two primary energy flows from the surface through the atmosphere into space as speculated in the influential 1979 Charney report: 1) carbon dioxide (CO2) absorbing and re-radiating (interfering with) some of the outbound long-wave radiation from the surface to space and 2) increased water vapor absorbing and re-radiating (interfering with) even more outbound long-wave radiation. According to the Charney Report, the increased water vapor is more significant than the CO2 in causing a warming of the planet.

Further, TWTW discussed the 1997 model of the earth’s “Annual Global Mean Energy Budget” as presented by Kiehl and Trenberth paper published by the American Meteorological Society. In their graph, Figure 7, one can see the component allocated to outgoing longwave radiation and the component allocated to increasing water vapor, evapotranspiration and latent heat. Other publications disagree with the specific numbers but accept the concept.

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2018 Saw A Global Revolt Against Climate Change Policies

By Michael Bastasch From The Daily Caller  Re-Blogged From WUWT

  • 2018 saw a global revolt against policies aimed at fighting global warming
  • Australia, Canada, France and the U.S. have all seen push back against global warming policies
  • That included weeks of riots in France against planned carbon tax increases

Despite increasingly apocalyptic warnings from U.N. officials, 2018 has seen a number of high-profile defeats for policies aimed at fighting global warming. Politicians and voters pushed back at attempts to raise energy prices as part of the climate crusade.

It started in June with election of Ontario Premier Doug Ford. Ontario residents overwhelmingly voted Ford’s conservative coalition into power on a platform that included axing the Canadian province’s cap-and-trade program.

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Let’s Do Follow the Climate Money!

By Paul Driessen – Re-Blogged From WUWT

Climate Crisis Inc. gets billions to promote imaginary manmade cataclysm – but attacks realists

The climate crisis industry incessantly claims that fossil fuel emissions are causing unprecedented temperature, climate and weather changes that pose existential threats to human civilization and our planet. The only solution, Climate Crisis, Inc. insists, is to eliminate the oil, coal and natural gas that provide 80% of the energy that makes US and global economies, health and living standards possible.

Failing that, CCI demands steadily increasing taxes on carbon-based fuels and carbon dioxide emissions.

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