Slope of Hope Blog Posts

Slope initially began as a blog, so this is where most of the website’s content resides. Here we have tens of thousands of posts dating back over a decade. These are listed in reverse chronological order. Click on any category icon below to see posts tagged with that particular subject, or click on a word in the category cloud on the right side of the screen for more specific choices.

The Gospel Truth

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Uncertainty is a fact of life, and with the #1 story these days being the Debt Ceiling, it seems things are more uncertain than ever. Nonsense! Here are a few truths you can put in The Bible:

  • The U.S. isn’t going to default;
  • Instead, the warring political parties will get as much press as they can, and pander as much as they are able to their constituents, right up to the brink;
  • There will be some kind of meaningless concessions on which they all finally agree, and the entire issue will vanish instantly, even if they miss the so-called X-Date by a few days;
  • Thus, our nation will gleefully march its way to its next debt level of $40 trillion, which matters as much as if it were $500 trillion, since none of it is ever going to be paid back in any genuine way regardless of how gargantuan it becomes.
  • The end result is that the federal government is simply going to grow larger and larger until it eventually either collapses into utter chaos or winds up making 90% of the population wards of the state by way of Universal Basic Income.

The decrepit Janet Yellen is playing her role in this performance beautifully, using scare tactics to try to cow the other side into compliance. This is all political theatre, and it’s an embarrassing farce that this once-great nation has now been reduced to a grotesque and degenerate debt addict that can only beg and plead for more trillions, since it is is incapable of making any difficult yet sensible fiscal decisions.

Debt Ceiling Risk

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The United States of America has been facing a looming debt ceiling crisis for several months, and the impact it could have on the stock market is a cause for concern. The debt ceiling is a limit on how much the government can borrow to meet its obligations. It is essentially a cap on the amount of money the federal government can legally borrow to fund its operations. The current debt ceiling is set at $28.5 trillion, and the Treasury Department has warned that the country could hit it by the end of the summer. If the debt ceiling crisis is not resolved, it could have negative effects on the stock market, which in turn could have far-reaching consequences on the economy.

The stock market is a reflection of the economy, and any instability or uncertainty can cause fluctuations in stock prices. If the debt ceiling crisis is not resolved, it could lead to a downgrade in the country’s credit rating, which would make it more expensive for the government to borrow money. This could lead to higher interest rates, which would increase the cost of borrowing for businesses and individuals. Higher interest rates would also discourage investment, which would lead to a slowdown in economic growth and job creation.

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