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excerpt. . No way to run a business.
1 posted on 12/05/2024 1:22:36 PM PST by daniel1212
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To: daniel1212
...caused by a structural mismatch between spending and revenues...

TRANSLATION: The [Expletive Deleted] spend money they don't have.

2 posted on 12/05/2024 1:25:58 PM PST by E. Pluribus Unum (The worst thing about censorship is █████ ██ ████ ████ ████ █ ███████ ████. FJB.)
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To: daniel1212

The government is spending about $52,000 per household annually. Complete insanity.

https://www.heritage.org/budget-and-spending/commentary/the-costly-truth-about-government-spending#:~:text=Each%20year%2C%20the%20federal%20government,This%20affects%20all%20of%20us.


6 posted on 12/05/2024 1:42:24 PM PST by plain talk
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To: daniel1212

But its not a business... By and large, the predominance of the “borrowing” is actually printing money by the fed. It gets recorded as a loan from the federal reserve to the treasury, but it’ll never be paid back, except by interest payments and devaluing the currency. Devaluation of the currency is an implicit recognition of non intention of payback.


7 posted on 12/05/2024 1:44:38 PM PST by TiGuy22
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