40 billion. FORTY BILLION
So they can give them to all to the illegals?
Border trespassers unaffected. VA resources to be reassigned. Couple buhzillion for other countries no problem. Yeah, my swear jar is filling up quick.
A person can always move to Ukraine and collect some money and weapons from the US. Sweet huh?
Any relation to the pencil neck liar Adam SLN?
But no problem sending $40 billion to Ukraine, right?
So, basically, the Dems/Biden are going to have to raise taxes and cut Social Security — the very things the Dems campaign on that the Republicans supposedly want to cut.
The Dems are in such dire straits they are dumbfounded as to how to save the economy. They have spend the nation into a black hole: raise the FED rate to slow inflation and the national indebtedness skyrockets — with stagflation and recession looming.
Biden needs to man up, quit the blame game, and start trying to fix what he broke.
So stop all monies going to other countries and pay attention to the citizens here - simple....and stop spending!
“they’re going to cut Social Security, they’re going to cut Medicare not for future recipients but for the people who are getting checks right now. “
While pouring a waterfall of 40 billion on Ukraine? Yeah, you thought January 6 was sporty, it really WILL be an insurrection if SS checks get cut.
Why don’t they start by cutting all the over inflated bureaucratic dead-weight departments? I can think of a hundred areas that can be cut outside of SS and Medicare.
Just as when they have to cut budgets they always start with the police and fire department.
The government never actually cuts any fat.
And before anyone starts ranting about Medicare being "free", it isn't. You pre-pay for it with 2.9% tax out of every paycheck and then you must enroll in Medicare part B when you turn 65.
You are kicked off most private insurance even if you are still working.
If you do not sign up for Medicare, once again, even if you are still working, you will have a major rate increase when you do. And at some point you will be forced off your private insurance and on to Medicare.
This is the way the government wants it.
He’s saying what I’ve predicted. After two or three rate hikes all Hells going to break loose and they will have to lower.
There will be a terrible financial crisis, but the government won’t do any of the things he is suggesting. What they will start doing is printing money like there is no tomorrow, so they can pay everybody. It will lead to Wiemar-style hyperinflation.
There’s no doubt it’s time to hunker down into survival mode.
IF we are approaching the prophetic milestone that I think we may be, those without the “mark” (vax) will start feeling the pain soon. Such as, no SS or SSI for us unvaxxed cretins, and if we have a pension annuity it will be confiscated. Mortages in the name of the unvaxxed will be foreclosed even when current, by the lender exercising the “jeopardy” clause.
No services, especially banking and credit. It’ll be like we’re 17 again and using cash only, except we all have grown-up bills to pay which will be difficult to do with no services. Imagine having to visit the local offices of all your utilities every month to pay your bill in cash.
What I’m keeping an eye on is that mosque which currently stands where the Third Temple needs to go. If these times really are the end times, that mosque will become rubble or ionized gas, soon.
Not until every single non-constitutional, non-essential federal department and program is eliminated permanently, and at least 90% of the federal employees are fired. THEN maybe we can talk.
My idea is to replace the tax on business payrolls and the corporate income tax by a 14% VAT, earmarked for Social Security. & to have an 8% individual payroll tax with no cap, earmarked for Medicare. If SS & Medicare are 2/3 of the federal budget, it makes sense to reform taxes to pay for them, firstâ-and such a SUPPLY SIDE tax reform would reduce inflation & increase growth, too. If the Fed tightens now to reduce inflation caused during Covid 19 shutdowns, how will supply chains recover? It seems to me that revenues dried up during Covid 19 shutdownsâ-which put many people out of work and business. Government increased spending during the pandemic to compensate for lost wages and revenues from the shutdown, for testing, for masks, for all that Covic spending pushed by Trump. Government had to borrow money to pay for this spending. The Fed bought up all this necessary new debt so it didnât get dumped onto the bond markets and drive up interest rates. The Fed was trying to prop up the housing market and stock market during the Covid19 shutdowns so panic didnât spread to financial panic. We are paying the price for that now with inflation, as things return to normal and unemployment rate falls below 4% again. But itâs crazy to worry about ârunaway inflationâ and kill the lending/borrowing environment for supply problems affecting prices before the economy has healed. People still need access to capital to fix what was broken. The way out of inflation is GROWTH, which is why Reagan used tax cuts and deregulation. GOP needs to get serious about balancing the budget again. but what we do NOT need now is another Fed-caused recession and crash.
What I fear is the Democrats creating new entitlements, regulations,and anti supply side tax changes that kill growth and healing and lead to more inflation, because they put a drag on the economy.
What happened in the 1970s is that fiscal and regulatory policy strangle economic growth and competition and innovationâŚâŚand the Fed was tasked BY LAW to pump money into the economy to get growth and more jobsâŚ..but all that money led to inflation, not growth. But when Trump cut the corporate income tax and deregulated, we got more competition, innovation, investment, business spending that drove up productivity and wagesâŚ.and inflation fell.
I’ve been saying for two decades that the worst threat to the U.S. is the national debt.
No problemo, they’ll just have to spend a little that has been saved up in the trust fund.
But all the financial planners say to wait until you’re 70 to collect Social Security.
Won’t be anything left by then.