To: MtnClimber
The democRATs passed the Omnibus bill. The Republicans in the Senate could have blocked it, but there are too many RINO swamp creatures.
2 posted on
01/05/2023 5:03:12 AM PST by
MtnClimber
(For photos of Colorado scenery and wildlife, click on my screen name for my FR home page.)
To: MtnClimber
“and then it will be six months to a year before inflation can back off.”
___________________
Why will it back off? Raising rates without cutting spending?
3 posted on
01/05/2023 5:09:07 AM PST by
xenia
( “The further a society drifts from truth the more it will hate those who speak it” George Orwell)
To: MtnClimber
I love it! Bring on higher rates! No debt and I’m making a killing on no risk CD’s!
Let the slugs who fed at the no interest trough feel some pain now.
7 posted on
01/05/2023 5:17:37 AM PST by
CodeJockey
("The duty of a true Patriot is to protect his country from its government.” –Thomas Paine)
To: MtnClimber
The article implies that all of the spending in the Ominous Spending bill will happen this current fiscal year. I will bet that between this bill and the previous disasters authorizations, there is another 4 Trillion dollars of spending authorization pushed into FY 2024, 2025, and 2026. That spending has to get flushed out of the system before normal becomes possible.
And "normal" seems to be at least $1 Trillion in current budget deficits, plus another Trillion or so each year that is "off budget". Kind of like eating a chocolate cake and not listing it on your list of food you have been eating while on a diet.
Can't seem to find any verification of this in the media. Too many numbers with dollar signs confuses the media.
10 posted on
01/05/2023 5:30:27 AM PST by
Bernard
(“the rights of man come not from the generosity of the state but from the hand of God." JFK 1-20-61)
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