Posted on 04/14/2024 8:43:09 AM PDT by Kaiser8408a
Biden and Congress have never met a project that they weren’t willing to fund (except a border wall with Mexico, of course).
Inflation is heating up again as the Federal government continues to spend.
4-5% by November… US CPI on trend for 4-5% at US election in November.
Source: BofA Above 5%…? Strong CPI raises market probability of YE25 rates above 5%.
Source: Goldman Cyclical inflation remains too elevated “Our measure of cyclical inflation–which should capture the impact of excess demand on prices–appears to be stuck at around 5%, which is too elevated”
Source: Safra US alone The US is the only economy in the G10 where the latest inflation print surprised to the upside.
Source: Goldman 200% of GDP Under current policies, government debt outstanding will grow from 100% to 200% of GDP.
Source: Apollo Close to $9 trillion in maturities That’s a significant amount of government debt maturing within the next year.
Source: Apollo Every year a deficit OMB forecasts 5% budget deficit every year for the next 10 years.
Source: Apollo A billion per day….is long gone US government interest payments per day have doubled from $1bn per day before the pandemic to almost $2bn per day in 2023.
Source: Apollo Biggest Story of 2020s…Ugly End of 40-year Bond Bull Chart shows long-term US government bond (15+ year) rolling 10-year annualized returns, %.
Source: Flow Show Highest yields in 15 years The intermediate part of the yield curve still offers the highest yields in over fifteen years.
Source: Piper Sandler Finally, electricity costs keeps rising, ESPECIALLY with the misnamed Inflation Reduction Act (IRA). The real name of the IRA should have been the Large Green Donor Increase Act (LGDIA).
(Excerpt) Read more at confoundedinterest.net ...
I want to thank all the Republicans who allowed Joe Biden to steal the 2020 election. Thanks a bunch.
Come on Man, the last thing a free people needs is a sound and stable dollar, plentiful and affordable energy and food, crap that like that will only end in the yearning for more freedom. At least we don’t have to put up with mean tweets from the White House by the Orange Bad man.
Don’t forget to also thank all those republicans who refused to use the power of the purse and allowed Biden to spend uncontrollably since 2020. We should particularly thank Mitch McConnel, who voted for the falsely named inflation reduction act porkulous.
LOL - I knew where this article came from just by seeing the title!
Their contributors got taken care of - that's all that matters. /s
2024 Budget is to spend 40% more than US fed takes in...
Interest on existing debt alone will be over 16% of revenues.
What we need is more “transgender” pronouns, more gay events at the White House, more millions of illegal invaders, more squatters and, apparently more men in women’s locker rooms at Planet Fitness. /Joe Biden administration priorities
Obama has “overwhelming the system” in overdrive now.
Who are we paying interest to? And why are they entitled to charge such interest?
Woe to the interest takers when we decide en mass just to say NO!
Principle we should pay...but who are we paying interest to? I never get a clear answer for that.
we are clearly on a predetermined path of inflating our way out of debt when the pubbies take over, IF they take over...the final transference of the bulk remaining wealth of our people and our nation... will be on track to impoverish the middle and upper middle class, to the benefit of our betters... the pol-socialist elites.
Its not a democrat or republican thing. its a political aristocracy thing.
I think a few more phony wars where we pay off both sides with ever more fiat created currency should solve everything.
Anyone who’s bought a treasury bond... and your SS contributions.. you didn’t that money was sitting there did you?
By Jove I think you’ve got it, I mean, by Karl Rove, I think that’s an excellent idea!!!
(I got your sarcasm and I agree)
near-zero interest rates began under his mentor.
(eat it serfs)
The FIRST step is to drastically reduce the size of government. That will cut expense and get some of the bureaucrats off our backs!
That’s a very good question. I have also wondered who is collecting all that interest.
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