For the second time, the Republicans have DESIGNED the tax cuts to end SSI and Medicare.

Not only that but, there are members of the financial services industry willing to lie about it. People like Brian Wesbury. The alarm by Wall Street has little to do with Mr. Munchkin the US Treasury Secretary. The fact is major indices for 2019 are not acting the same.

Brian S. Wesbury is an American economist focusing on macroeconomics and economic forecasting. He is the economics editor and a monthly contributor for The American Spectator, in addition to appearing on television stations such as CNBC, Fox Business, Fox News, and Bloomberg TV frequently.

Wesbury likes to disconnect politics from economics. I figured he was involved with FOX News somewhere along the line. He is untrustworthy. At least Bloomberg News came in behind him to assist a functional dialogue, but, the biggest alarm came out of the UK. They are frantic about Brexit and any uncertainty that raises it's ugly head is to worry about.

This is an article by Rebecca Ungarino, 'Something is Wrong:' 2 major US markets are out of whack. (click here)

Those that care about the country and it's entitlements or whatever they are calling them these days need to find a reliable news outlet, but, better yet a reliable economist. Paul Krugman at the New York Times (click here) is a Nobel Prize Winner in Economics. Start there.

The Republican designer economy is not easy to read especially if one is relying on traditional patterns of economic growth and reporting. The USA economy needs economists that actually DO THE MATH. This is all new territory and the knowledge of PLENTY OF LIQUIDITY is suppose to give Wall Street a feel good feeling.

When were the last FITNESS TESTS? WHAT ARE THEY BASED ON AND ARE THEY STILL ACCURATE? WHAT ARE REGULATORS USING TO MONITOR THE MARKETS, BANKS, AND FINANCE? THE ACCURACY MAY BE COMPLETELY OFF.

DID "THE FED" REALIZE THE DIFFERENCES IN THE INDICES WITH IT'S LAST CREDIT ADJUSTMENT?

WHAT IS THE INSPECTOR GENERAL SAYING ABOUT THE SSI FUND? (CLICK HERE)

SSI usually does the math. They don't rely on indices. They rely on in flow and out flow of USA dollars. The Fund received a large insult with the global economic collapse in 2008, but, it was still very strong at that time.

The OIG's recent Semiannual Report to Congress (click here) includes significant investigative, audit, and legal accomplishments from April 1, 2018 to September 30, 2018.

The S&P 500 and the US Treasury 10 year bond usually run along the same path, suddenly they have diverged in 2019. (click here)

When Munchkin stated there was plenty liquidity it was because the banks and investment banks were picking up the change in the indices and Munchkin didn't want the general public to become aware of the gross change in the status of the US Treasury.

September 14, 2018
By Justin Fox

Tax receipts are down (click here) in nominal terms since the Tax Cuts and Jobs Act took effect. Adjusted for inflation, they’re down a lot....

...Just in case the bottom of that tweet was cut off in your browser, let me repeat Wesbury’s words: “The tax cuts have not cost the U.S. Treasury money, because the tax cuts boosted growth. Yes, the deficit is up, but that’s because spending is up.”...