article thumbnail

How Will the One, Big, Beautiful Tax Bill Impact Markets?

Carson Wealth

2010–2015: Business investment and dividends drove profit growth, overcoming the drag from the reduction in government spending (which started to fall after the 2008–09 recession). Offsetting this are cuts to other parts of the federal budget, mainly Medicaid and safety net programs like SNAP (food stamps). public and private.

Taxes 75
article thumbnail

Things Change

The Better Letter

Indeed, energy was the best performing market sector from 2000-2015. Exxon’s growth and Chevron’s return were largely predicated upon America’s “energy revolution” and (mostly) the big increase of world oil prices. Since the current value of all U.S.

Numbers 100
Insiders

Sign Up for our Newsletter

This site is protected by reCAPTCHA and the Google Privacy Policy and Terms of Service apply.

article thumbnail

Interest Payments Are An Increasingly Large Part Of The US Budget Deficit

The Big Picture

If you were in Congress from 2015-2021, you are the reason why HALF of the projected federal debt will soon be interest payments. Previously : The Greatest Missed Opportunity of Our Lifetimes (October 23, 2023) The post Interest Payments Are An Increasingly Large Part Of The US Budget Deficit appeared first on The Big Picture.

Budgeting 318
article thumbnail

Biden Imposes Strict Climate Change Mandates on the Pentagon

Mish Talk

Large contractors would also have to publish an annual climate disclosure and develop “science-based targets” to reduce greenhouse gas emissions in alignment with the goals of the 2015 Paris agreement. It will add to inflation and bigger budgets. No, that isn't the Onion, I am quoting. It's the Wall Street Journal. Well, that's OK.

Nonprofit 287
article thumbnail

"Short Memories"

Calculated Risk

Politicians take advantage of this collective forgetfulness and act up in odd years - something everyone should be aware of as we head into 2015 ( edit: now 2023 ) (I expect some episodes of DC craziness). The "debt ceiling" is redundant (once a budget or a continuing resolution is passed, then the impact on the debt is pretty much known).

Budgeting 277
article thumbnail

The Greatest Missed Opportunity of Our Lifetimes

The Big Picture

As the Peterson Institute noted: In June, the Congressional Budget Office (CBO) projected that annual net interest costs would total $663 billion in 2023 and almost double over the upcoming decade, soaring from $745 billion in 2024 to $1.4 Note that this is not hindsight bias , but rather discussions we had repeatedly here in the mid-2010s.

article thumbnail

Defense Industry Stocks Gain Amid Rising Global Tension

Brown Advisory

billion budget for 2015 equaled roughly 5% of gross domestic product, according to IISS. From 2009 until 2015, China annually boosted its defense budget by $10 billion to $15 billion, spending $146 billion last year. increased its defense budget for the first time in eight years. billion in fiscal year 2015.