Just add a couple more $Trillion to the gigantic debt. What could go wrong?
Of course it will last. It HAS to last. G . . . government spending . . . is an increasingly powerful parameter in the GDP equation of GDP = C(onsumption) + I(nvestment) + G + (Exports - Imports). GDP is about 25T. G at 7T is almost 1/3 of it.
You can’t cut spending without cutting GDP. That’s just math and it is inescapable.
It’s too late. It all went too far. There is no solution.
One major plank of the Republican Party used to be "smaller government".
As long as the American people don’t have a direct say on budget proposal and on spending, Biden and congress will be able to spend wildly. It’s just OPM, and it just adds to the deficit and debt. Nobody cares, as long as they don’t get billed directly to pay for that debt and deficit.
They’re pushing for a collapse. And Nuclear war. And big time social unrest. etc., etc., etc.
$7.3 Trillion is peanuts. If the guy really wants to go down in history he should make sure he’s the first president ever to propose a budget in excess of a Quadrillion dollars.
Johnson should announce that this travesty is DOA in The House.
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Individuals have to live within their incomes basically, and whatever credit card debt they can afford.
Governments can tax and spend wildly beyond their limits.
What happens when governments decide to directly confiscate people’s savings, retirement plans and housing to fund themselves?
You must know that is their end game.
This is nuts. Covid spending is now ingrained in the baseline
The fruits of a completely printed, fiat, central-planner managed monetary system.
What will force them to change? Almost nothing, save a historical political revolution.
Just look how long Argentinians lived with rampant inflation and massive money-printing, all feeding woke, socialist government and corrupt social-engineering schemes.
For reference, the entire GDP is 25 Trillion.
So Biden budget is 28% of GDP.
This must be where I heard they were going to hide the 62 billion for Ukraine in. Supposedly Mike Johnson knows this. It is a cover for him.
I hope someone can prove me wrong.
Blah blah blah. This too shall pass.
What cannot continue will stop.
In Amity Shlaes’ great book The Forgotten Man, there is a great quote from one of FDR’s minions. By 1937, all of their insane ideas had not cured the depression. It really had extended it. The FDR staff said something close to “we spent as much money as we could possibly spend.” Printing money is not wealth creation, unless you are a democRAT with your 10%.
$7.3 trillion?
That means that Brandon proposes to spend a dollar in less time than it takes light to travel one mile.
And Congress will pass it!
This cannot last.
Agree but until they are voted out of office nothing will change time for people to wise up to who is doing what to you.
I support two in my family, does that mean a gotta come with four million, four hundred and fifteen thousand, six hundred and sixty two dollars and sixty six cents.. Forgetaboutit.!!
Seems the federal government has become more than the people can possibly support...