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 ...
Yup.
It’ll never be paid back.
Least of my concerns.
Just another facet of the CLOWARD & PIVEN strategy to sabotage America, thanks to mannequin Biden and his handlers.
How will this end? Place your bests.
Hint: Don’t pick A. That’s there just for the hopeless dreamers.
The federal government will…
A. rein in spending, and pay down the deficit.
B. raise taxes to an insane new level, crushing all private initiative.
C. fire up the printing presses, and set off hyper-inflation.
D. simply default on the debt.
I’m going with C.
B & C
Wouldn't it be nice if high school students were taught American civics and history right up into the 60's including the development of C-P?
At least it does show up on Wikipedia:
Bankrupting the country is the comminists’ plan.
I remember the balanced budget amendment and the contract with America.
I remember us having a budget surplus for once.
Annnnnnd how the pols hated that.
This government is run by a bunch of Pikers! Damn light weights, go for TRIPLE! Prove to the rest of the world just how Incompetent you really are.
/SPIT/
This government is run by a bunch of Pikers! Damn light weights, go for TRIPLE! Prove to the rest of the world just how Incompetent you really are.
/SPIT/
Yes.
It will simply be renounced.
Or using digital currency, they will change the value.
“Annnnnnd how the pols hated that.”
************
Spending = vote buying.
Its not going to stop.
Buy-DUNG has put a contract ON America.
1. Creating a debt so large that it will never be paid back.
2. Opening up the border to flood the country with millions of “migrants”.
3. Allowing criminals to run rampant in Dem. controlled cities.
Can there be any remaining doubt that the ultimate goal of the Democrat Party is to destroy this nation as it existed for most of the past 250 years, and change it into, who knows what?
Both parties (which comprise the Uni-party) destroyed America for personal gain.
We now reside in a bankrupt, collapsing nation state that probably won’t survive.
When the economy craters the same people who caused the disaster will claim to have a plan to fix it.
The debt and deficit are totally unsustainable but the unfunded liabilities are ridiculous. Currently running at $193 trillion. Each citizen’s share of that insane number is $576,000. Simply unpayable.
Build Back Better. Sure thing
The selected officials who did this to us got rich.
It’s a scam system. With an expiration date.
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