Fiscal Inferno! US Debt Hits $33.7 Trillion With Unfunded Promises Hitting $211.7 TRILLION, $629k Per Citizen! (REAL Hourly Compensation Has DECLINED By -5.1% Under Bidenomics)

Confounded Interest ^ | 11/17/2023 | Anthony B. Sanders

[Kaiser8408a]

We are currently in a fiscal inferno under Biden/Yellen.

And US Treasury Secretary Janet Yellen is just a girl who can’t say no … to big government spending.

In fact, Congress and the Biden (mis) Administration are spending like the proverbial drunk sailors in port. US national debt is up to $33.7 TRILLION. That transates to $259,103 per taxpayer. With US debt to GDP of 138%!

Now, HERE IS THE REAL BAD NEWS! Unfunded promises that politicians made to Americans (Social Security, Medicare, Medicaid, etc.) now stands at $211.6 TRILLION. That equates to $629,000 per citizen. Maybe that should be the deal at the southern border: all immigrants must pay $629,000 for admission!

And the Federal budget deficit keeps on getting worse.

The budget deficits under Biden/Yellen have been the worst in history. So much for Biden whispering “Bidenomics is working!”

Rents in the US remain unaffordable to many.

And Yellen, our nation’s financial consigliari, hasn’t said much about the dire decline in income tax receipts.

But Biden’s favorite country China, a classic top-down command economy like Biden and Yellen love,

On Sunday, President Joe Biden tweeted, “Right now, real wages for the average American worker is higher than it was before the pandemic, with lower wage workers seeing the largest gains. That’s Bidenomics.” That’s right, Joe! Except real hourly compensation has DECLINED by -5.1% under Biden.

[no-to-illegals]

the money printing machines will have to work harder and faster

[tired&retired]

Biden tried to lower the debt per person with open immigration!

[delta7]

Most do not realize the scope and severity of unfunded liabilities and debt……at risk is “ losing” everything from SS to Medicare to 401K’s to Pensions……overnight.

[Phoenix8]

My wife and I were in Walmart…2 days ago.

As a measure I watch the prices of their Rotissere chickens. A small/regular size was right under $5 under Trump. This week it’s $7, last month is was $6 and some change.

That’s almost a 30% increase under Biden. Clearly unsustainable inflation rate. In 15 years (if wages don’t increase) food will became hard to buy for middle and low class Americans. Which means I’m screwed because I’m on a pension and retired my last real raise will be when I hit 62 and get social security.

I worked for 31 1/2 years just to watch my retirement dreams slip by year by year under the democraps.

[himno hero]

To me? The Marxists muslim coalition has hit a major milestone. An obamian principle is to lead a nation into communism; bankruptcy is one of the foremost tools.
Ask Marx.

We’re not in Kansas anymore.

[Leaning Right]

Biden totally owns the current inflation. But to be fair, the national debt is a Democrat and a Republican problem. The blame is equal. Trump did many good things. But even he did nothing to rein in the debt.

Biden doesn’t care. Trump doesn’t care. Congress doesn’t care. Except for Rand Paul, none of them care about the mess they’re leaving to our children and grandchildren.

[Adder]

DECLINED by -5.1% under Biden.

Of COURSE they have.
You do not raise wages by 50% or more with no corresponding production increases and not have inflation as your result.

The whole push for “$15” was and remains ignorant of economic realities by the vast majority of the proponents.

Toss in continuing supply issues on many goods and here we are: sky high prices, empty shelves and the people making those glorious “living” wages worse off than they were before.

It was predicted and its inevitable.

We are not serious about our debt any longer..we don’t even care to sell it...we just print more money and burn it.

[sauropod]

.

[neverevergiveup]

So, all of us who have played by the rules, worked hard, and tried to contribute positively are watching our efforts be undone, while the hateful narcissistic America-hating racist who has contributed significantly to this mess is sitting in his mansion on the water in Martha’s Vineyard - with no financial worries.

[SaveFerris]

Certain food items at WalMart are up 50%-80% under The Disastrous Joe Brandon Biden Administration

I get most of my food items there

Some are up over 100%.

Campbell’s Chunky soup 🍲🍲🍲

Was 99 cents under President Donald Trump - $2.24 a can under Joe Biden

I was thrilled to get it on a loss leader at the grocery store I also go to for $1.67 a can.

I bought 24 cans of multiple flavors / ingredients.

$42.48 with tax. Build up the prepper supply by a small amount.

[SaveFerris]

(So, all of us who have played by the rules, worked hard, and tried to contribute positively are watching our efforts be undone, while the hateful narcissistic America-hating racist who has contributed significantly to this mess is sitting in his mansion on the water in Martha’s Vineyard - with no financial worries.)

YEP



>

[machman]

All as planned.

Hillary was supposed to manage the decline, but Trump blew up their plan. So instead of a gradual fall we are sprinting towards the cliff.

[C210N]

There is an answer... and we are headed there.

[Phoenix8]

I posted somewhere here a few months ago about our water heater, we bought in 2018 and had it installed. A big one like 75 gallons,

I was cleaning out a cabinet and found our receipt. In 2023 the same water heater is now 200% higher NOT installed.

Everything is inflating in price.

[Laslo Fripp]

If you ever have to move, consider a state that does not tax groceries.

That practice is abhorrent.

[SaveFerris]

Yeah it’s just a bit over 5% here

[SaveFerris]

Yep. That’s why they’re purposely wrecking the country for the Antichrist and his New World Order of Daniel 7:23

[SaveFerris]

Destroying the middle class