Payments

Stockman: Why Does Sleepy Joe Think We Need Another $850 Billion Of Transfer Payments?

Authored by David Stockman via EconomicPolicyJournal.com, In light of Sleepy Joe’s swell new $1.9 trillion package of more free stuff, it’s time to get out our magnifying glasses again. The purpose is to compute the size of the hole in  America’s collective paycheck that purportedly requires such continued, extraordinary beneficence from our not so rich…

Stimulus Payments Set Stage For The Revolution's Sedation

Authored by Joseph Jankowski via PanetFreeWill.com, It would be another form of kicking the can down the road. You pay the people for their complacency until you can’t any longer… After the congressional passage of the 5,593 page COVID “stimulus” bill on Monday, President Trump shot the legislation back into the hands of congress demanding…

Feds Admit $2.3 Trillion In Improper Payments

Submitted by Adam Andrzejewski, Since 2004, twenty large federal agencies have admitted to disbursing an astonishing $2.25 trillion in improper payments. Last year, these improper payments totaled $175 billion – that’s about $15 billion per month, $500 million per day, and $1 million a minute. But what exactly is an improper payment? Federal law defines…

House Down Payments Soar To 20 Year High As Banks Crack Down On New Loans

American homebuyers have to pony up even greater amounts of money for a down payment due to tightening credit standards and skyrocketing home prices.  According to Bloomberg, citing a new report from Attom Data Solutions, the median down payment for a single-family home is $20,775 for the third quarter, the most in at least two decades…

Struggling Retailers Owe $52 Billion In Overdue Rent Payments

By Tyler Durden The virus pandemic – with its temporary and permanent store closures, strict social distancing requirements, e-commerce boom, and supply chain disruption – since March has fueled uncertainty among US retailers as many find themselves in a $52 billion hole. Bloomberg, citing new data via CoStar Group Inc., outlines how restaurants, gyms, and…