Posted on 10/14/2024 5:51:56 AM PDT by george76
There have been to significant jumps in the Federal Debt. The first coming after the financial crisis of 2008 and election of Obama/Biden in 2008. The second with the outbreak of Covid in 2020 and the election of Biden/Harris in 2021.
The Federal (public) debt was just over $10 million when Obama/Biden were elected and it now stands at a staggering $35.7 trillion. That represents over a tripling of the Federal debt under Obama/Biden/Harris. So when asked what she would do diffeerent than Biden, Harris replied “Nothing comes to mind.” That means MORE spending, MORE debt and MORE unproductive Government jobs.
Here is a chart of public debt and GDP under the triumvirate of Obama, Biden and Harris. No, not Julius Caesar, Pompey, and Crassus). But it is feeling like the Roman Empire prior to its collapse.
Here is a chart of government jobs and government expenditures. Great for government workers, bad for everyone else.
Of course, SOMEBODY has to pay the growing gov’t debt burden. Rest assured it won’t be Obama/Biden/Harris.
Let’s say we ignore the debt for a microsecond. How’s all that spending working for the economy? Or are all the billions going to donors?
Yes. The first thing Obama/Biden did was pass a trillion dollar patronage bill to reward party donors and loyalists. Due to inflation, if elected, Kamala will pass a 2 trillion dollar pork filled bill.
Grandpa and Grandpa are getting stiffed by Biden inflation.
The government will undoubtedly repeat the massive inflation of 2021 while Grandpa and Grandpa only get .2% to 4% interest on their bank CDs.
Kamala Harris’s Electric School Bus Program Granted $395k to a Chinese Manufacturer. Then Its Top Executive Sent Biden-Harris Scores of Campaign Cash.
https://freerepublic.com/focus/f-news/4270807/posts
This is the model for both Democrats and Republicans. The Democrats are just a little more insane about it and the Republicans hypocritically pay lip service to fiscal restraint. We have a broken system that neither party can fix. And it won’t get fixed if either Trump or Harris wins.
Our grandchildren will find the national credit card is declined while the migrant grandchildren move on to new locust lands.
Look at Rome in the fourth century for our future.
it’s part of the Obama doctrine. “the surest way into communism is through decasing the monetary system “
it but one tool in his anti American tool box.
let’s talk about empowering Americas enemies, specifically Iran...
The national debt might be funded by a 6% value added tax to be paid by corporations.
That would yield about $1.2 trillion a year, enough to pay $1 trillion in annual interest and to make a $200 billion dent in the $35 trillion national debt.
Every 50 years, my debts get forgiven? Sign me up.
Not every Christian may be on board with the idea behind The Year of Jubilee. Recent debates about student loan debt being forgiven have left some Christians wondering if they can apply this concept to current issues. However, these debates prove we should understand this Old Testament practice.
Although this practice is still not in place in Israel today, it can give us insight into God’s character, mercy, and thoughts on freedom.
The Obama/Biden/Harris Economic Model
Some say the enemy within in motion.
The corporate tax rate for a calendar year might be set to the ((national debt as of the end of the prior fiscal year/$1 trillion) - 10)%.
That would mean about a 27% rate for 2025.
Dear Social Security recipient:
The trust funds have vanished as a result of the Jubilee. Your future monthly payouts will be smaller.
Dear Bank Depositor:
Your account balances have been reduced by 30% as a result of the Jubilee.
So what is the practical purpose of the Year of Jubilee?
Evidently you don’t like it any more than the Jews who never implemented it.
It is coming. Liking is optional.
Grandpa and most especially Grandma are getting stiffed by Biden inflation.
Bureaucracy Kills: A Lesson from Rome
Deep State delenda est.
The uniparty “Smash and Grab”. BOHICA
The year of jubilee was debt went to ZERO, not 30%
The centralized federal govt will be gone, just like in USSR. The bank will be gone, FDIC fund is almost a myth.
Folks,
Get used to the idea that the cure is tough times. It is the rebuilding that will define us. Prepare now for the rebuild.
Even if Trump is elected, there will be tough times. There are too many prior bad decisions that have to be paid for.
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