Past Midway Ramblings on Business & Life


Deficits, Debt, Interest, Taxes, Austerity, Waste, Inflation and The Fed

Numerous threats encompass a nation and a national psyche – some real, some existential, some external, some internal. In this post, I discuss a real internal threat, one of our own creation, completely under our control, but not under control – our national debt. Our nation’s enormous debt and persistent deficit spending significantly constrain our future economic options and form the...

My Key Takeaways from Reading the Federal Budget

Citizens often complain about taxes and government waste. If we suspected less of the latter, there might be less of the former. Yeah, maybe not. Anyway, in thinking about this, it occurred to me that while I have read summaries and commentaries on the U.S. Federal Budget, I had never read the Budget itself – the actual source document. To develop a more informed view, I read the Federal Budget...

Gold. Lots of Gold.

The U.S. Treasury (plus the Fed) holds a lot of gold. I was curious about this, so I looked into it… so you don’t have to. How Much is a Lot? The U.S. Treasury currently holds 261 million Fine Troy Ounces of Gold (261,498,926 to be exact). The book value for this gold is recorded as $11 billion. If you’re not familiar with accounting, book value is NOT market value. Dividing $11 billion by the...

CARES Act – a Comprehensive Summary

When possible, I prefer to read original source documents for my research, rather than summarizing secondary or tertiary sources. Consequently, I read the entire 880-page Senate amendments to the CARES Act yesterday and today. I made summary bullet points as I read. Accidentally, this became a 7-page condensed version with 175 succinct points, a line-by-line accounting of where the money is...

Past Midway Ramblings on Business & Life

Recent Posts