BRING THEM BACK!
Posted on 05/31/2022 8:47:15 PM PDT by weston
BRING THEM BACK!
Lance Gooden
@Lancegooden
·
5h
After blaming President Trump for everything, Democrats now claim Joe Biden can’t control anything.
Thanks Jane. El Laton Caliente made the best post #23, the elephant in the room few people see.
“That’s the problem, they can’t. The USA is $30T in debt, at around 7.5% prime the interest alone would be over $2.5T. That is more than half what .gov takes in every year. The USA would be in default and with the Fed holding $9T of that debt...
The Fed can’t raise interest rates enough to kill the inflation like they did in the early Eighties.”
https://freerepublic.com/focus/f-bloggers/4070936/posts?page=23#23
I added my 2 cents.
Yet the Democrats either don’t understand that or they do understand that it will entirely break our country and that is what they want.
Many have bought into the modern monetary theory.
Modern Monetary Theory (MMT) is a heterodox macroeconomic framework that says monetarily sovereign countries like the U.S., U.K., Japan, and Canada, which spend, tax, and borrow in a fiat currency that they fully control, are not operationally constrained by revenues when it comes to federal government spending.
Put simply, such governments do not rely on taxes or borrowing for spending since they can print as much as they need and are the monopoly issuers of the currency. Since their budgets aren’t like a regular household’s, their policies should not be shaped by fears of a rising national debt.
MMT is used in policy debates to argue for such progressive legislation as universal healthcare and other public programs for which governments claim to not have enough money to fund.
https://www.investopedia.com/modern-monetary-theory-mmt-4588060
The democrats talk about Republicans wanting to kill social security, wait until social security and medicare can’t be paid to people because all the taxpayer’s money is going to service debt. And what will happen when people don’t get their EBT and welfare?
S&P and DOW down again, NASDAQ is up
I agree. The GDP is adjusted for inflation; do you know if they use current inflation in the calculation?
Love that picture of Donald!
POLITICO
@politico
· 4h
Six of the nation’s biggest financial firms have been told that they will be denied access to state contracts in West Virginia as Republican leaders there continue their pushback on what they see as bias against the fossil fuel industry.
https://politico.com/news/2022/06/14/banks-letter-west-virginia-boycott-fossil-fuels-00039246
Barr covers up his dereliction of duty by saying the Justice Department was unable to substantiate any widespread fraud that would have changed the outcome of the election. The word “widespread”, in my mind, is the keyword. The fraud was committed in key swing states an Democrat controlled cities, turning their electoral votes from Trump to Biden.
What did he say?
Chad Pergram
@ChadPergram
A) GOP MS Sen Wicker tests positive for COVID. Third positive test for him since August of last year. Is 1st mbr to test positive three times. Also Dem KS Rep Davids tests positive. Her 2nd positive test since August of last year.
B) 156 mbrs of 117th Congress have now tested positive. 104 mbrs this year. 22 mbrs since April 25
9:14 AM · Jun 14, 2022·Twitter Web App
That last one; I ask that same question.
lol, that makes much more sense, thanks.
Nominal GDP uses current prices, but Real GDP uses a base-year price.
National median rent crosses $2000 for the 1st time in history.
#4
Makes me angry and sad.
yes!
Remember Penny loafers?
Real estate firms Compass and Redfin announce layoffs as housing market slows
PUBLISHED TUE, JUN 14 2022 1:03 PM EDTUP DATED 2 HOURS AGO
Diana Olick
FTA
In filings with the Securities and Exchange Commission, Compass announced a 10% cut to its workforce, and Redfin announced an 8% cut.
Mortgage rates have taken off since the start of this year, rising from 3.29% in early January to 6.28% now, according to Mortgage News Daily.
Home sales have been dropping for several straight months, and the fall is expected to worsen.
Mortgage demand has fallen to its lowest level in over two decades. Rates have taken off since the start of this year, rising from 3.29% in early January to 6.28% now, according to Mortgage News Daily. Rates shot up more than half a percentage point in just the past three days, as concerns over inflation hit the bond market.
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