Posted on 05/27/2021 6:05:18 AM PDT by knighthawk
President Joe Biden is set to unveil a massive spending proposal that includes $6 trillion in government spending for the next fiscal year – an amount that would bring federal spending up to levels not seen since World War II.
The budget would have the nation continue running deficits of more than $1 trillion, a level it already topped with the onset of the pandemic – with estimated annual deficits of $1.3 trillion amid enacted and proposed federal programs.
The spending levels would continue on an upward trajectory, hitting $8.2 trillion at the end of a decade, according to detailed top-line numbers that leaked to the New York Times.
(Excerpt) Read more at dailymail.co.uk ...
There goes my retirement savings............................
No worries.
My only thought here is why $6T? $600T would have been better.
Any why, exactly, are we ‘stuck’ in the Trillions?
Folks, this money is just 1’s and 0’s in a Cabal Bankster computer. Means absolutely nothing.
A more meaningful report would be a periodic forecast of what the national debt will be at the end of the current fiscal year.
Out of control government is out of control.
Burn baby burn
No worries.... its just transitory.
Well, 187,000 new irs workers are expensive.
The trillion is the new million.
No. This is trying to dig our way out of a ditch. If anything we need a budget that is smaller than last year. Any Republican voting for a budget greater than last year’s budget needs to be primaried.
That report will be effectively $0.
Not a plug nickle of IRS-collected 1040 money goes to Federal programs (see Grace report), so it's only fitting that not a plug nickle, at the end of 2021, of the "debt" will mean anything. Won't be paid back.
Kakistocracy
A kakistocracy is a system of government that is run by the worst, least qualified, and/or most unscrupulous citizens.
Need a bigger budget. Much bigger.
We gotta BUST the FED. Bust Central Banking.
Bring in NESARA/QFS. End the Deep State Cabal.
Fears of inflation?
It’s already here. The question is how much?
Exactly !
Additionally, as banks can by law lend 10X their holding - this is really a $60T potential right out of the gate.
We are way behind pure stupid land...
On the other hand, societal and economic collapse are the marxists real goal for any representative form of government.
The stolen government and fraudulent president are doing exactly what they intended.
He’s tanking our economy at the behest of his primary handler, President Xi Jinping. He needs a quick nap in the dirt.
Few people realize this salient point.
Many think their debt will vanish with inflation, but you still need an income. I think it will come in a whipsaw of waves that will wipe out everyone, debt holders and savers without distinction.
Only one type of banking will be more corrupt and antithetical to privacy, liberty, and America than a centralized Federal Reserve paper/fiat banking system —
— a global centralized fiat digital bank.
“Whoever controls the money, controls the people.”
Budget , LOL the Dems don’t remember what a budget is
A national precious-metals backed system, OTOH, will bring back sovereignty, as opposed to the current slavery system.
Get rid of fractional-reserve Central fiat banking (the Alexander Hamilton mindset). Note - JFK replaces Hamilton.
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