The Republican-controlled House of Representatives oversaw a nearly $8 trillion increase in the national debt.

The Treasury reported total government receipts of $253 billion for the month of October, while total outlays were $353 billion. The U.S. taxpayer is left holding the bag for the difference of $100 billion.

Monday’s selloff in stocks brought the Dow Jones Industrial Average down more than five percent since early October. Is this decline a harbinger of further declines to come?

If Independents tune out the noise and focus on their votes on their pocketbooks on Tuesday, Congress should remain in Republican hands.

No matter how strong the economy and the resulting revenues to the federal government, government spending will continue to outpace them, likely leading to government default by inflation.

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