Posted on 09/26/2022 6:33:36 PM PDT by anthropocene_x
The United States is hemorrhaging debt. The principal cause of consumer price inflation running above 8% on an annual basis is too much federal government spending. Before the pandemic, federal debt held by the public was already on an unsustainable trajectory. It is largely caused by overly generous entitlements and a shrinking working population to pay for benefits for an increasing number of elderly citizens.
In his March State of the Union address, Biden claimed he would be "the only president ever to cut the deficit by more than $1 trillion in a single year." That's laugh-out-loud material. In reality, the policies that reduced the deficit were set in stone; Biden did nothing positive in that regard. Moreover, what Biden won't acknowledge is that his free-spending policies will contribute importantly to ever-increasing deficits. The CBO projects that federal deficits over the period 2022-2052 will average 7.3% of GDP. That's double the average of the past 50 years. The CBO explains that interest payments on the federal deficit are the most significant factor in out-of-control spending.
(Excerpt) Read more at washingtonexaminer.com ...
Who said it was no big deal? See my post about us being Zimbabwe. I merely stated that this is the plan of these lunatic idiots.
You don’t have to go all the way back to Weimar. Plenty of recent hyperinflation disasters to point to.
what BS . . . obama pulled this same crap on W. The federal year runs Oct 1 through Sept 30. So every dollar bidet spent from Jan 20 through Sept 30 was put on Trump’s record - inflating his deficit. In bidet’s first year, as those one-time dollars weren’t spent again, the non-spending looks like a cut.
Look to the bondholders. The reserve currency is a license to steal.
Also, as you point out, these pigs are saddling the unborn with trillions of $ of debt. They should be under no obligation to pay it. And they won’t.
Inflation will cure that. /s
The destruction of America continues unabated.....
I don’t understand how they are using the word “now”.
Is this author 20 years old?
Someone set us up da bomb!
Zig full speed!
“you have no chance to survive make your time”
“all your base are belong to us.”
The federal deficit is now out of control
What do you mean “now”? It has been out of control for decades.
Nice chart from FRED
Venezuelan millionaires lost everything... then again if we go the strong dollar depression route. Biden’s giving away trillions. He’s the problem.
Best thing to do is keep sending money to foreign lands, hurt actual Americans with foreign labor and keep the jabs coming.
It should all work out fine. /s
Bugs for dinner?
We have a failed system. Morevthan that, I believe the socialists want to bankrupt the country, so they can take over in the crisis.
And its all Boehner and Ryan’s fault. Boehner did nothing when he had the majority and Ryan couldn’t wait to hand the kenyan a blank check!
Bonds and cash - will become worthless.
Stocks - will hold value IF the company can figure out how to avoid going bankrupt in the market chaos.
Commodities - have durable value but may suffer in the economic downturn of a collapse as demand drops.
Cryptocurrency - most will be also-rans, but the leaders in their niches (as per the Buffett Rule) will be a refuge due to their proven scarcity and utility in a world that can no longer trust government currency.
Yes, it’s all for control.
And martial law?
Probably how it will start after protests by patriots
Actually, I’m a gonna change that yo A Police State.
We’re pretty much there now.
The Pro Life guy who protected his son outside an Abortion mill proves that
Maralego Pillow Guy J6 Gulag residents....etc
Gold is not digital
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