$37 Trillion by Christmas.
$10 BILLION a day of money they do not have to spend.
“Spend and borrow” economics have had their day - time to slash spending and eliminate “pro business” tax loopholes (such as on carried interest). Foreign aid is less than 1% of the budget so we as a nation have to think of where we want to cut.
“Spend and borrow” economics have had their day - time to slash spending and eliminate “pro business” tax loopholes (such as on carried interest). Foreign aid is less than 1% of the budget so we as a nation have to think of where we want to cut.
😨😨😱😨😱😨😱😨😱😨
Makes Trump feel not so bad about the NY interest charge every day on his court loss.💸💸💸💸💸💸💸💸💸💸
In addition, the US government has to refinance $11T in debt this year, at the much higher rates than it was last financed at. And lately there have been signs inflation is reigniting, which are delaying any talk of cutting interest rates. So a possible snowball effect is in play.
To many Freepers be like: "Government is out of control! It is corrupt! Imprisoning hundreds of political prisoners, censoring citizens, lawfare against Trump and anyone opposed to their agenda, which they are shoving down our throats! Endlessly increasing spending, most of which goes to line the pockets of the elites and pay welfare voters to keep them in power!"
Their wife: "Honey, we've got some extra money to invest this month."
Freepers: "I know! Let's invest in T-bills to help fund the government!"
Buy bitcoin folks. Thank me later.
After Jamie Dimon warns of market 'rebellion' against $34 trillion national debt, Fed's Jerome Powell says it's past time for an 'adult conversation' about unsustainable fiscal policy
EXCERPTS:
On CBS's 60 Minutes Sunday. "In the long run, the U.S. is on an unsustainable fiscal path," Powell warned.
JPMorgan Chase CEO Jamie Dimon. Dimon, warned last month that the U.S. economy is headed for a "cliff" if something isn't done to address the federal government's excessive debt burden
Despite the criticism, Treasury Secretary Janet Yellen has brushed off concerns about the rising national debt.
The key metric Yellen looks at is net interest payments as a share of GDP, and that is still "at a very reasonable level," she argued in a CNBC interview last September.
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The "something" that will likely be done about "it," IMHO, is that the leftists will - at a time of their choosing - suddenly cry out an alarm to increase taxes.
And blame America, blame conservatives, blame Republicans, and blame Trump.
Warning label on every plan and product of the left:
"We Don't Bear Responsibility"
- DHS Secretary Alejandro Mayorkas, Feb. 2024
Jeez, it took the US from the founding of our nation until OCTOBER 23, 1981 for the US NATIONAL DEBT TO REACH ONE TRILLION DOLLARS.
Now we ADD ADDITIONAL TRILLIONS TO THE DEBT EVERY HUNDRED DAYS. The PARASITIC grifters in Washington and their PARASITIC associates nationwide AND WORLDWIDE have got their GRIFT MACHINES IN HYPERDRIVE.