Posted on 12/14/2023 9:44:03 AM PST by davikkm
In straightforward terms, let’s address a pressing concern: Inflation is here to stay, and the US deficit is spiraling out of control. Despite Treasury Secretary Yellen’s reassurances, there’s reason to be uneasy about the mounting US debt.
Facing the facts, $1 trillion-plus US budget deficits are becoming the norm, and federal projections paint a grim picture with deficits surpassing $1 trillion through 2033. In essence, the likelihood of witnessing a year with a US deficit below $1 trillion seems increasingly improbable.
(Excerpt) Read more at citizenwatchreport.com ...
You know, the government likes to print lots and lots of money without anything to back it up, but they get really, really mad if you do it yourself...
This system is so F’ed.
Does the average american not know whats going on? Or do they just not care?
Most don’t know. Those that do, most don’t care.
A female relative “Everythig seems like normal to me.”
Yeah, right.
With interest costs eclipsing $1 TRILLION per year real soon, we are really screwed. It's a classic "spiraling out of control" or, in the more popular current vernacular, a "doom loop." Or, in my engineers world, "positive feedback" with Gain >> 1.
Over 30 years ago Ross Perot famously warned that deficit spending would kill us. We’re spending at rates even he couldn’t imagine but...no catastrophe. Most strange.
I use the Event Horizon analogy.
The spaceship can maneuver very cleverly for a long time—but the end of the story is never in doubt.
12 pack of domestic beer is over $19.
Half dozen east coast oysters $29.99.
This is getting crazy.
Yep....way back in the aftermath of Jimmy Carter’s misery index is when credit card rates ballooned. They’ve never really come down after that other than the odd promotional loss leader they sometimes offer for balance transfers. Government is the same way.
You can get a 15 pack of Bud Light for $12.98 at Walmart.
Just sayin... ;^)
$17.99 at Shell plus tax. $19.47
I know where to buy cheap beer, and i don’t buy gay bud wipe.
Just saying the average price of everything has double since the steal of 2020.
I know, man, I'm just teasing you a bit. I wouldn't let my dog drink that Dylan Mulvaney ball sweat.
A modest two pound package of fresh Alaskan King Crab legs at Costco last Sunday…$361. I didn’t see anyone taking them out of the cooler case.
I guess Jameis Winston wasn't in the store.
The news media reports on the economy in ways that try to distort what is really happening. For one they have introduced the term Disinflation. Dis inflation is simply no inflation. Or inflation at zero. It is not deflation. So prices are not going down. They are staying high.
Inflation has to continue. Because lots of large unions like automakers UPS and airlines have substantially raise their pay. So prices have to go up and stay up.
Biden threw over ten trillion dollars at the economy. He kept the lock down a year longer than it was needed. Frankly it was not needed. But he kept it a year after it was proven to be useless. And he sent out checks to everyone after jobs became available in large numbers. While halting student loans for people who could easily pay them. In short he wrecked the economy but kept it afloat with vast sums of debt.
Don’t expect prices to come down. They won’t. Mortgages will come down 2% as the elections come nearer. But that won’t solve anything. Our economy is now completely fake. Macroeconomics is no longer real. Our government has taken over. When things go up or down its because the government wants it to happen. But the media will just create a lie to make you think there are economic forces at work.
I expect that the government may soon be printing $10,000 bank notes enough to purchase a king sized 6oz soda in vending machines
Dude, you have a memory bank that is beyond epic.
“This system is so F’ed.
Does the average american not know whats going on? Or do they just not care?”
—
I think it is both. People read the corporate news headlines telling them the economy is doing great and they think it must be only them suffering so maybe they are doing something wrong. Everyone else must be making sufficient funds to cover all their bills and buy groceries. Or, maybe everyone else is smarter than they are and manage their money better.
With the dollar dropping, it is going to take more dollars to purchase everyday items. That is inflationary. Each month, last month’s celebrated economic numbers are revised but the revised numbers are seldom reported. The economy is not as rosy as the government officials and their media mouthpieces want you to believe. Hey! The government can always just print more money!
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