Posted on 01/25/2024 10:25:47 AM PST by Kaiser8408a
Biden and Congress’ insane spending and debt issuance are simply unsustainable.
Isn’t it wonderful to be 81 years old like Biden and a have a credit card with seemingly no credit limit? And partner with other octogenarians like Pelosi and McConnell to bankrupt the US? Free-spending US Senate Demagogue Democrat Chuck Schumer is only 73. But all these elderly politicians are heaping debt on to backs of younger Americans.
The “surprise” Q4 GDP report showed GDP rising by $182.6 billion. Unfortunately, Biden had to borrow $834 billion to get $182.6 in GDP.
Graphically, we can Biden’s folly where Q4 public debt grew almost 5 times faster than real GDP.
Here is insane spending/borrowing Senator Chuckles Schumer signalling his enthusiasm for out of control spending and debt. To fund Ukraine, not the border crisis.
(Excerpt) Read more at confoundedinterest.net ...
I love these doom and gloom economic indicators.
Because they are 100% valid
How much rebar can you reduce in a building before it collapses?
How many rivets can you remove from the airplane before it crashes?
How much government debt can American handle before it causes our destruction.
We know it will, eventually - the only question is - WHEN?
Pretty sure the puppet masters controlling Xiden are well aware. Actually, it is their objective.
Your analogies are good ones.
The branch of mathematics that deals with these types of phenomenon is chaos theory.
https://en.wikipedia.org/wiki/Chaos_theory
The wikipedia article is a good one on this topic.
It explains why we cannot predict the collapse of a broken system.
GDP doesn’t mean anything if the dollars are made of air, and Grandma lives in her kids’ driveway in an RV with an extension cord to the house.
Adding to the public debt is the only reason the economy is “growing”.
If you racist white math, the numbers look bad. Use Afrimetic instead, it’ll look better.
Thank you for the daily postings. They’re not pretty...but necessary.
“G” is their favorite part of the equation.
adding to public employees is basically the only reason employment numbers are what they are.
The “surprise” Q4 GDP report showed GDP rising by $182.6 billion. Unfortunately, Biden had to borrow $834 billion to get $182.6 in GDP.
The “Progressives “ are so good at gaslighting. Many democrats think the economy is great!
Disclaimer: Opinions posted on Free Republic are those of the individual posters and do not necessarily represent the opinion of Free Republic or its management. All materials posted herein are protected by copyright law and the exemption for fair use of copyrighted works.