Retired CEO of CHIPPEWA PARTNERS, Native American Advisors, Inc., a money manager founded in 1995. A White Earth Chippewa Dean helped Native Americans for decades. Raised conservative, he trained on Wall Street in 1982/83, met game changer William O'Neil in 1984. In a world on a dopamine, hypomanic binge, this is his take on financial chicanery, political crime and life well lived. Written from the Parisian Family Office at the Ghost Ranch in MT or at Pamelot, their TN farm.
Sunday, February 04, 2018
The MAGA SOTU Reality
In his triumphalist SOTU, the Donald didn't utter so much as a single syllable about the Federal Reserve, the budget, entitlements, the $1 trillion per year deficits looming ahead or the nation's soaring public debt.
After omitting virtually everything which counts, he went on to crow about how he is making America Great Again (MAGA) by making better trade deals and borrowing untold sums from future generations.
That is to say, when he did veer into fiscal territory it was to demand repeal of the sequester caps, which are the one thing that has slightly braked runaway spending, and to boast about his own favorite deficit financed twins: The $1.5 trillion tax cut already passed and the additional $1.5 trillion infrastructure boondoggle he proposed to lob on top.
Oh, and there was also his $33 billion Mexican Wall, 5,000 new border patrol agents (in addition to 20,000 already) and Federalization of two purported crises---the opioid epidemic and gangs like MS-13----which should be a matter for local government, if the latter have any purpose at all.
Like I have said all along, the MATH of this madness will put a halt to alot of dreams.