Car and Truck Sales

April 1, 2020 Unit car and truck sales fell 32.1% in March to 11.372 million after having declined 1.0% in February.    Clearly, the dramatic measures taken by the federal government and many state governors to halt the spread of the corona virus has stopped the...

Debt Outstanding

January 25, 2020 The Congressional Budget Office recently reported that the  budget deficit for the current fiscal year is likely to be $1.0 trillion.   A deficit of that magnitude will push debt held by the public to 80.7% of GDP.  For the first seven years of the...

Budget Deficit

January 25, 2020 The Congressional Budget Office reported that the budget deficit for fiscal year 2019 came in at $984 billion.  For the current fiscal year (FY 2020)  the budget deficit is projected to be $1.0 trillion.  It will remain above the $1.0 trillion level...