Posted on 09/04/2023 5:53:32 PM PDT by george76
The federal deficit is projected to roughly double this year from last
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The 2023 deficit appears to be headed for at least a doubling
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The federal fiscal year, which ends after this month, has already run up a $2.2 trillion deficit thus far
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The revelations come as the 2024 budget appropriations are set to be hashed out in Congress, setting up a difficult message for House and Senate Democrats' plans to continue to increase spending for progressive initiatives.
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The U.S. government has spent $6.7 trillion and taken in just $4.5 trillion, a 16% increase in spending this year over last and a 7% decrease in revenue
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A debt growing much faster than the economy will drive up interest rates, reduce economic investment, and over time make interest payments the largest federal expenditure — risking a federal debt crisis
(Excerpt) Read more at newsmax.com ...
This isn’t politics.
This is math. It has been this way all of this century. Money is printed pieces of paper. Bernanke exposed this reality by using the phrase Quantitative Ease to obfuscate the reality that money is a substance whose only value is in the imaginations of counterparties.
And that, is why Russia is going to win. They have oil and gas that will run out last. Simply that. Joules are not in the imagination of counterparties.
You forgot E
E: a new reserve currency emerges base on hard assets and renders the U.S. fiat currency worthless. We enter into abject poverty worse than the great depression and become the laughing stock of the world. (that last part is already happening thanks to the turnip)
This gets my vote.
7 minutes of one of his last public speeches by Dr. and Rep. Larry McDonald. With small changes in some place names, his words — and his warning — from 1983 have importance for Americans in the 21st century — ESPECIALLY NOW!
https://youtu.be/UQGRf2wo2_w
E. Deny it’s a problem
F. Blame trump for it
This is a flywheel that has lost its governer.
Who or what can stop this suicidal leap from a 20-story building?
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