State of Indiana Medicaid Spending Has Increased 114% In The Last Decade

I took a glance at the State of Indiana government budget numbers on Medicaid. The spending for medicaid is not pretty Continue reading →

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Indiana Governor Mike Pence Legacy: He Paid Off Some Debt

Former Indiana Governor is heading to Washington DC to become Vice President for President Trump.  Continue reading →

Are Indiana Schools Ready for This Major Rule Change?

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Some Indiana school districts maybe springing a financial surprise on their taxpayers once this national rule

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Illinois Is An Example of What is Coming For Many States

For the last few years, many in the economic world have been cynical of states like Illinois, California and others for how bad their government books are when it comes to finances. Continue reading →

How the Federal Government Sells it Debt

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In the United States, the federal government not having enough money for spending is the new normal. One thing that never gets discussed is how the government sells its debt in the form of “bonds”.

What may surprise many is that banks and other financial institutions  do it for the government and they are called “Primary Dealers”. Once the government has a certain amount to sell, these dealers take it to market and sell it. Here is the list of dealers:

Bank of Nova Scotia, New York Agency
BMO Capital Markets Corp.
BNP Paribas Securities Corp.
Barclays Capital Inc.
Cantor Fitzgerald & Co.
Citigroup Global Markets Inc.
Credit Suisse Securities (USA) LLC
Daiwa Capital Markets America Inc.
Deutsche Bank Securities Inc.
Goldman, Sachs & Co.
HSBC Securities (USA) Inc.
Jefferies LLC
J.P. Morgan Securities LLC
Merrill Lynch, Pierce, Fenner & Smith Incorporated
Mizuho Securities USA Inc.
Morgan Stanley & Co. LLC
Nomura Securities International, Inc.
RBC Capital Markets, LLC
RBS Securities Inc.
SG Americas Securities, LLC
TD Securities (USA) LLC
UBS Securities LLC

So next time you hear a politician claim banks or financial institutions are evil, they are the ones selling the debt to help that same politician in their spending addiction.

2015 Fiscal Year For U.S. Government Starts Today

The United States federal government starts a new fiscal year today. The President proposed a budget in March but has not worked with the Senate or House in finalizing an actual budget. U.S. federal government spending will occur through later appropriations legislation that is signed into law.

Here’s a snapshot of 2015 proposed spending and tax revenues from the President. Deficits and debt still accumulate at an historical rate.
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