{"id":5500,"date":"2012-09-18T16:04:01","date_gmt":"2012-09-18T20:04:01","guid":{"rendered":"http:\/\/goldstocksforex.com\/?p=5500"},"modified":"2012-09-18T16:04:01","modified_gmt":"2012-09-18T20:04:01","slug":"this-is-no-way-to-run-a-government-gates-the-fiscal-times","status":"publish","type":"post","link":"https:\/\/thepatientinvestor.com\/index.php\/2012\/09\/18\/this-is-no-way-to-run-a-government-gates-the-fiscal-times\/","title":{"rendered":"\u201cThis is No Way to Run a Government!\u201d \u2013 Gates &#124; The Fiscal Times"},"content":{"rendered":"<p>By JOSH BOAK<\/p>\n<blockquote><p>Nothing has stumped Gates [former Secretary of Defense and CIA director Bob Gates &#8212; who served eight of the last nine presidents], who oversaw the $700 billion military budget until last year, quite like the country&#8217;s current Congressional gridlock and the government&#8217;s ineffective efforts to stop runaway deficit spending.<\/p>\n<p>\u201cWe\u2019ve lost the ability to execute even the most basic functions of government,\u201d he said.<\/p><\/blockquote>\n<p>via <a href=\"http:\/\/www.thefiscaltimes.com\/Articles\/2012\/09\/17\/This-Is-No-Way-to-Run-a-Government--Gates.aspx#page1\">\u201cThis is No Way to Run a Government!\u201d \u2013 Gates | The Fiscal Times<\/a>.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>By JOSH BOAK Nothing has stumped Gates [former Secretary of Defense and CIA director Bob Gates &#8212; who served eight of the last nine presidents], who oversaw the $700 billion military budget until last year, quite like the country&#8217;s current Congressional gridlock and the government&#8217;s ineffective efforts to stop runaway deficit spending. \u201cWe\u2019ve lost the &hellip; <\/p>\n<p class=\"link-more\"><a href=\"https:\/\/thepatientinvestor.com\/index.php\/2012\/09\/18\/this-is-no-way-to-run-a-government-gates-the-fiscal-times\/\" class=\"more-link\">Continue reading<span class=\"screen-reader-text\"> &#8220;\u201cThis is No Way to Run a Government!\u201d \u2013 Gates &#124; The Fiscal Times&#8221;<\/span><\/a><\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_mo_disable_npp":"","_jetpack_memberships_contains_paid_content":false,"footnotes":""},"categories":[34],"tags":[511,786,984,1410],"class_list":["post-5500","post","type-post","status-publish","format-standard","hentry","category-us-canada-countries-regions","tag-budget-cuts","tag-congressional-gridlock","tag-defense-spending","tag-fiscal-deficit"],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v27.2 - https:\/\/yoast.com\/product\/yoast-seo-wordpress\/ -->\n<title>\u201cThis is No Way to Run a Government!\u201d \u2013 Gates &#124; The Fiscal Times - the patient investor<\/title>\n<meta name=\"robots\" content=\"noindex, follow\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"\u201cThis is No Way to Run a Government!\u201d \u2013 Gates &#124; The Fiscal Times - the patient investor\" \/>\n<meta property=\"og:description\" content=\"By JOSH BOAK Nothing has stumped Gates [former Secretary of Defense and CIA director Bob Gates &#8212; who served eight of the last nine presidents], who oversaw the $700 billion military budget until last year, quite like the country&#8217;s current Congressional gridlock and the government&#8217;s ineffective efforts to stop runaway deficit spending. \u201cWe\u2019ve lost the &hellip; Continue reading &quot;\u201cThis is No Way to Run a Government!\u201d \u2013 Gates &#124; The Fiscal Times&quot;\" \/>\n<meta property=\"og:url\" content=\"https:\/\/thepatientinvestor.com\/index.php\/2012\/09\/18\/this-is-no-way-to-run-a-government-gates-the-fiscal-times\/\" \/>\n<meta property=\"og:site_name\" content=\"the patient investor\" \/>\n<meta property=\"article:publisher\" content=\"https:\/\/www.facebook.com\/profile.php?id=61572934660810\" \/>\n<meta property=\"article:author\" content=\"https:\/\/facebook.com\/people\/The-Patient-Investor\/61572934660810\/\" \/>\n<meta property=\"article:published_time\" content=\"2012-09-18T20:04:01+00:00\" \/>\n<meta name=\"author\" content=\"Colin Twiggs\" \/>\n<meta name=\"twitter:card\" content=\"summary_large_image\" \/>\n<meta name=\"twitter:label1\" content=\"Written by\" \/>\n\t<meta name=\"twitter:data1\" content=\"Colin Twiggs\" \/>\n<script type=\"application\/ld+json\" class=\"yoast-schema-graph\">{\"@context\":\"https:\/\/schema.org\",\"@graph\":[{\"@type\":\"Article\",\"@id\":\"https:\/\/thepatientinvestor.com\/index.php\/2012\/09\/18\/this-is-no-way-to-run-a-government-gates-the-fiscal-times\/#article\",\"isPartOf\":{\"@id\":\"https:\/\/thepatientinvestor.com\/index.php\/2012\/09\/18\/this-is-no-way-to-run-a-government-gates-the-fiscal-times\/\"},\"author\":{\"name\":\"Colin Twiggs\",\"@id\":\"https:\/\/thepatientinvestor.com\/#\/schema\/person\/d42b18d516a80149d739845749ac6454\"},\"headline\":\"\u201cThis is No Way to Run a Government!\u201d \u2013 Gates &#124; 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Two veteran Budget forecasting groups, Deloitte Access Economics and Macroeconomics, have in recent days delivered their verdict on Mr Swan's mid-year Budget update: It's codswallop. The Federal\u2026","rel":"","context":"In &quot;Australia &amp; NZ&quot;","block_context":{"text":"Australia &amp; NZ","link":"https:\/\/thepatientinvestor.com\/index.php\/category\/countries-regions\/australia-nz-countries-regions\/"},"img":{"alt_text":"","src":"","width":0,"height":0},"classes":[]},{"id":62357,"url":"https:\/\/thepatientinvestor.com\/index.php\/2025\/09\/10\/gold-flags-a-secular-bear-market-in-bonds\/","url_meta":{"origin":5500,"position":1},"title":"Gold flags a secular bear market in bonds","author":"Colin Twiggs","date":"September 10, 2025","format":false,"excerpt":"Key Points Government bonds sell at inflated prices as central banks suppress long-term yields. Long-term yields are in a cyclical downtrend, driven by speculators. However, long-term bonds are in a secular bear market fueled by fiscal instability and a rising threat of inflation. International capital flows will also dry up\u2026","rel":"","context":"In &quot;Australia &amp; NZ&quot;","block_context":{"text":"Australia &amp; NZ","link":"https:\/\/thepatientinvestor.com\/index.php\/category\/countries-regions\/australia-nz-countries-regions\/"},"img":{"alt_text":"Combined Assets of the Fed, ECB, BOJ, and PBOC","src":"https:\/\/i0.wp.com\/www.incrediblecharts.com\/images\/2025\/2025-09-03-cb-assets.png?resize=350%2C200&ssl=1","width":350,"height":200,"srcset":"https:\/\/i0.wp.com\/www.incrediblecharts.com\/images\/2025\/2025-09-03-cb-assets.png?resize=350%2C200&ssl=1 1x, https:\/\/i0.wp.com\/www.incrediblecharts.com\/images\/2025\/2025-09-03-cb-assets.png?resize=525%2C300&ssl=1 1.5x"},"classes":[]},{"id":59177,"url":"https:\/\/thepatientinvestor.com\/index.php\/2024\/11\/13\/stimulus-and-the-bond-market\/","url_meta":{"origin":5500,"position":2},"title":"Stimulus and the bond market","author":"Colin Twiggs","date":"November 13, 2024","format":false,"excerpt":"Ten-year Treasury yields climbed above 4.4%, continuing the uptrend launched when the Fed announced a 50 basis point rate cut on September 18. Trend Index troughs above zero warn of selling pressure, driving up yields. A breakout above 4.5% would offer a target of 5.0%, which is bearish for stocks,\u2026","rel":"","context":"In &quot;Banks &amp; Interest Rates&quot;","block_context":{"text":"Banks &amp; Interest Rates","link":"https:\/\/thepatientinvestor.com\/index.php\/category\/economy\/the-fed-banks-interest-rates\/"},"img":{"alt_text":"10-Year Treasury Yield","src":"https:\/\/i0.wp.com\/www.incrediblecharts.com\/images\/2024\/2024-11-12-tnx.png?resize=350%2C200&ssl=1","width":350,"height":200,"srcset":"https:\/\/i0.wp.com\/www.incrediblecharts.com\/images\/2024\/2024-11-12-tnx.png?resize=350%2C200&ssl=1 1x, https:\/\/i0.wp.com\/www.incrediblecharts.com\/images\/2024\/2024-11-12-tnx.png?resize=525%2C300&ssl=1 1.5x"},"classes":[]},{"id":54068,"url":"https:\/\/thepatientinvestor.com\/index.php\/2024\/06\/07\/australian-outlook-chris-joye\/","url_meta":{"origin":5500,"position":3},"title":"Australian Outlook | Chris Joye","author":"Colin Twiggs","date":"June 7, 2024","format":false,"excerpt":"https:\/\/youtu.be\/QTKmPptmOes?si=UdsJVYNsO8c9KBQb Central banks are too much under the sway of government and not doing enough to contain inflation. None worse than the RBA which is holding rates lower than they should be. The last time that we had inflation at 4.0% in 2008, the cash rate was 7.25%. Now the\u2026","rel":"","context":"In &quot;Australia &amp; NZ&quot;","block_context":{"text":"Australia &amp; NZ","link":"https:\/\/thepatientinvestor.com\/index.php\/category\/countries-regions\/australia-nz-countries-regions\/"},"img":{"alt_text":"","src":"https:\/\/i0.wp.com\/img.youtube.com\/vi\/QTKmPptmOes\/0.jpg?resize=350%2C200","width":350,"height":200},"classes":[]},{"id":4983,"url":"https:\/\/thepatientinvestor.com\/index.php\/2012\/07\/30\/federal-spending-cutbacks-slow-recovery-wsj-com\/","url_meta":{"origin":5500,"position":4},"title":"Federal Spending Cutbacks Slow Recovery &#8211; WSJ.com","author":"Colin Twiggs","date":"July 30, 2012","format":false,"excerpt":"BEN CASSELMAN and CONOR DOUGHERTY: Recent economic data show that long before the fiscal cliff hits, federal spending already is falling -- and taking a toll on the recovery.......State and local governments are projected to receive $20.8 billion in federal stimulus funds in the 2012 fiscal year, ending in September,\u2026","rel":"","context":"In &quot;UK &amp; Europe&quot;","block_context":{"text":"UK &amp; Europe","link":"https:\/\/thepatientinvestor.com\/index.php\/category\/countries-regions\/uk-europe-countries-regions\/"},"img":{"alt_text":"","src":"","width":0,"height":0},"classes":[]},{"id":705,"url":"https:\/\/thepatientinvestor.com\/index.php\/2011\/09\/07\/super-committee-told-1-2-trillion-is-not-enough\/","url_meta":{"origin":5500,"position":5},"title":"$1.2 Trillion Is Not Enough","author":"ColinTwiggs","date":"September 7, 2011","format":false,"excerpt":"Budget experts from both political parties warned at a Business Roundtable forum on Tuesday that the congressional Super Committee preparing for its first meeting later this week needs a long-term vision that goes beyond cutting $1.2 trillion from the federal deficit over the next decade. \u201cThese guys have only a\u2026","rel":"","context":"In &quot;US &amp; Canada&quot;","block_context":{"text":"US &amp; Canada","link":"https:\/\/thepatientinvestor.com\/index.php\/category\/countries-regions\/us-canada-countries-regions\/"},"img":{"alt_text":"","src":"","width":0,"height":0},"classes":[]}],"_links":{"self":[{"href":"https:\/\/thepatientinvestor.com\/index.php\/wp-json\/wp\/v2\/posts\/5500","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/thepatientinvestor.com\/index.php\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/thepatientinvestor.com\/index.php\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/thepatientinvestor.com\/index.php\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/thepatientinvestor.com\/index.php\/wp-json\/wp\/v2\/comments?post=5500"}],"version-history":[{"count":0,"href":"https:\/\/thepatientinvestor.com\/index.php\/wp-json\/wp\/v2\/posts\/5500\/revisions"}],"wp:attachment":[{"href":"https:\/\/thepatientinvestor.com\/index.php\/wp-json\/wp\/v2\/media?parent=5500"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/thepatientinvestor.com\/index.php\/wp-json\/wp\/v2\/categories?post=5500"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/thepatientinvestor.com\/index.php\/wp-json\/wp\/v2\/tags?post=5500"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}