Why is he letting this happen?
Isn’t he Large and in Charge?
[Lock him up.]
That comes under the “no shit” category.
Oh, then raise the rates another 100 basis points.
Getting ready to replace Biden.
Saw a couple of articles about Biden cursing behind the scenes. “Sources say” articles.
Too late. Catastrophe is baked in. You cannot unbake this bread back to water, flour and salt. In science, a process that is not reversible is called irreversible. This concept arises frequently in thermodynamics. All complex natural processes are irreversible.
It appears that government fiscal malfeasance is also irreversible.
We’re finally at the point where the Rats are building their own individual offramps. Despite this warning, tomorrow morning our azz’holes in the House and Senate will look to give Zelensky another $68bn in unaccounted for funds. Look in the mirror, it’s our own fault.
Massive benefits cuts, tax increases, and default.
Pick 2. You might get all three
This info may be news to the government, but the average citizen has known this for a long time.
well.. yeah... when you are handing out free credit cards to illegal aliens what do you expect?
You put it there douchebag.
“the U.S. is on an unsustainable fiscal path”
And who put us here? The GOPe congress - they held the hands of the rats for three decades to raise the debt ceiling to where it is now. And they continue to spend every dime of it.
More bank failures coming w/o bailouts this time. Queue Dandy Don: “The party’s over.”
Why an 60 minute should be a, imo.
more doom and gloom from J Powell... and the market skyrockets!
““The U.S. federal government’s on an unsustainable fiscal path..”
Now he tells us.
I’ve been saying that for 25 years.
L
I am surprised Powell was not asked what revenue increases would be required to fix the fiscal problem. But now that he is on the record announcing the problem, the political left will be sure to follow up to announce the solution.
If they start talking about tax increases in an election cycle it tells you how confident they are about November. If they ignore or bury Powell’s statement, that says something too.
Wow - you think?
You cannot unspend the $10T you printed or borrowed and spent. It’s gone, but the debt remains.
world war to follow.
I think we could all have made that call. 🙄