Posted on 08/03/2023 5:33:03 AM PDT by Kaiser8408a
The US Fiscal position is very bad and the US is beginning to look like a third world economy. And with Biden and Democrat AGs filing indictments against Biden primary Presidential oppoonent, that country is Venezeula! Like skyrocketing interest on the Federal debt to pay for green energy hustlers and the Ukraine war.
The US Federal Deficit continues to grow as seen in the charts below. A $2.25 Trillion dollar run rate deficit is significantly worse than the $1.3 Trillion that was recorded in Fiscal 2022. This level of deficit is unprecedented in an economy with low unemployment and theoretically no recession. Naturally, we ask just how big the deficit will be if we have either a recession or a crisis? In the dotcom bust, the GFC and the COVID shock, the deficit expanded massively.
Taking Garic’s math one step further, the US incurred a deficit of $1.3T in Fiscal 2022 (September). If the current run rate is sustained that would imply an annualized deficit of $2.9 Trillion.
(Excerpt) Read more at confoundedinterest.net ...
And then there is the growing problem of unfunded liabilities of $193 trillion (which equates to $574,000 per citizen). Talk about unsustainable.
It’s intentional.
Overwhelm the system.
Rule #4(?) ,,,,,, overwhelm the system.
As you can see, the obamanites have almost completed their work. All that’s left is the funeral.
They probably already have a new monument th the birth of the obamanation.
Don’t worry, everything will be fine, we won’t run out of money, they will just Print More as we need it...
They clearly do not have a monopoly, though. This goes back many, many decades with the uniparty. In fact, the national debt started its parabolic rise with Reagan - Bush and continues its uncontrolled rise to this day.
As the libs would say -- "not sustainable."
This will not end well!
Our biggest problem, by far IMO, is the disintegration of our culture. The Left has largely won the culture war. From there it was relatively easy to dismantle the system.
You are correct. Both parties created the mess we’re in.
The Democrats are a little more open about their agenda and objectives than the Republicans who, for the most part, are nothing but enablers and appeasers who have no principles and stand for nothing. They pretend to be against spending and the expansion of government but in reality are quite happy to go along with it.
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