Going twice as fast now.
With the millions of freeloading foreigners the Brandon administration is importing, America is at the end of the road. No taxpayers but lots of handout recipients. FJB
Well, trillions of dollars in debt, just means that the American people and corporations are very hopeful with this Biden economy, otherwise, people and companies would not be taking on so much debt.
It’s Bidenomics, after all1 The more you owe, the more hopeful you are.
It’s 3rd world economic policy, and democrats embrace it full on.
Going twice as fast now.
Since the Federal Reserve launched the Bank Term Funding Program (BTFP) following the Silicon Valley Bank collapse in March, financial institutions have kept tapping into these emergency lending facilities. After hitting a record high at above $103 billion at the end of June, it remains elevated at $102 billion.
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$102 billion at EOM June since launch earlier this year after failure of SVB.
this BTFP could be soaking up tax payer funds faster than zelensky?
Biden is a wreck on the debt. However, we won’t fix this until we admit that republicans have been just about as bad.
The system is broken and its NOT really a partisan issue. I realize that many of our younger republicans in congress talk about fiscal discipline but the elders within the party who actually run congress are just as bad as democrats.
Show me the difference? We argue about a trillion here or a trillion there but we face a hundred trillion or more in the coming decades.
The Government Has Borrowed $1.7 Trillion From The Social Security Trust Fund.
The government has borrowed the total value of the Trust Fund to pay for other
government spending.
Social security might last longer if the feds would quit "borrowing" from the fund.
Interest Rates need to be above the Inflation Rate.
“16 Tons, and what do you get ?..
another day older.. and deeper in debt”. : Tennessee Ernie Ford song from the 50’s
But but but, we have lots of gold about 8000 tons of it more than anybody
Well,
That much gold at $2000 an ounce os worth an astounding one half of one trillion dollars.
Can you say drunk sailor in the same sentence with government money, our money?
Wonder what the stock market roller coaster will be tomorrow.
Have ear plus on hand for the screaming.
“New data show that a growing number of U.S. firms are collapsing under the weight of higher interest rates...”
All caused by Biden’s doucheness with the energy industry and corporate wokery. F’ em.