Though many analysts are predicting a big decline in the stock market, a repeat of Black Monday is highly unlikely. Not impossible, just highly unlikely. 

On Friday, the Treasury Department published the final revenue and spending numbers for the federal government for Fiscal Year 2016, which ended on September 30. According to Treasury's report, spending increased significantly (by nearly five percent) over the previous year, to more than $3.8 trillion, while revenues remained essentially flat from the year before, at $3.25 trillion. That left a shortfall of approximately $600 billion, forcing the government to borrow 15 cents of every dollar it spent last year. And the two presidential candidates have remained disturbingly silent about the issue.



The economic growth rate during each of the last eight presidential administrations (beginning with Eisenhower's) was lowest during Obama’s term in office, January 2009 through October 2015, an era of multiple tax hikes and pervasive regulatory expansion.

VIDEO - In this video, The New American magazine's Alex Newman explains what a yuuuge (or huge) service GOP presidential nominee Donald Trump performed by exposing the Federal Reserve and its manipulation of the economy. From touting gold and sound money, to highlighting the damage done by artificially low interest rates and Fed stock-market intervention, Trump has hit on some of the key reasons why this shadowy institution is so dangerous and harmful to America.

The Cost of Living Adjustment (COLA) announcement to be made next week has stirred offerings of how to "fix" Social Security.

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