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Biden will announce a $6TRILLION budget on Friday and push federal spending to the highest level since the Second World War spark more fears of rapid inflation
UK Daily Mail ^ | May 27 2021 | GEOFF EARLE

Posted on 05/27/2021 6:05:18 AM PDT by knighthawk

President Joe Biden is set to unveil a massive spending proposal that includes $6 trillion in government spending for the next fiscal year – an amount that would bring federal spending up to levels not seen since World War II.

The budget would have the nation continue running deficits of more than $1 trillion, a level it already topped with the onset of the pandemic – with estimated annual deficits of $1.3 trillion amid enacted and proposed federal programs.

The spending levels would continue on an upward trajectory, hitting $8.2 trillion at the end of a decade, according to detailed top-line numbers that leaked to the New York Times.

(Excerpt) Read more at dailymail.co.uk ...


TOPICS: News/Current Events
KEYWORDS: biden; budget; lunatic
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1 posted on 05/27/2021 6:05:18 AM PDT by knighthawk
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To: knighthawk

There goes my retirement savings............................


2 posted on 05/27/2021 6:06:19 AM PDT by Red Badger (Jesus said there is no marriage in Heaven. That's why they call it Heaven.....................)
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To: knighthawk
I'll just toss this in...

BOOM!!!! New Judicial Watch Study Finds 353 U.S. Counties in 29 States with Voter Registration Rates Exceeding 100%

3 posted on 05/27/2021 6:08:55 AM PDT by mewzilla (Those aren't masks. They're muzzles. )
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To: Red Badger

No worries.

My only thought here is why $6T? $600T would have been better.

Any why, exactly, are we ‘stuck’ in the Trillions?

Folks, this money is just 1’s and 0’s in a Cabal Bankster computer. Means absolutely nothing.


4 posted on 05/27/2021 6:09:11 AM PDT by C210N (You can trust government or you can understand history. But you CANNOT do both)
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To: knighthawk
There has been so much off-the-budget spending in the last 20 to 30 years, and no adherence to the budget anyway, that reporting this is just repeating what some press secretary spews.

A more meaningful report would be a periodic forecast of what the national debt will be at the end of the current fiscal year.

5 posted on 05/27/2021 6:10:01 AM PDT by Bernard (“When once the guardian angel has taken flight, everything is lost”. – William H. Seward, 1/12/1861)
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To: knighthawk

Out of control government is out of control.


6 posted on 05/27/2021 6:12:39 AM PDT by BenLurkin (The above is not a statement of fact. It is either opinion, or satire. Or both.)
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To: knighthawk

Burn baby burn


7 posted on 05/27/2021 6:13:55 AM PDT by The Louiswu ((.....................insert tagline here.......................))
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To: knighthawk

No worries.... its just transitory.


8 posted on 05/27/2021 6:14:36 AM PDT by MrRelevant
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To: C210N

Well, 187,000 new irs workers are expensive.

The trillion is the new million.


9 posted on 05/27/2021 6:14:43 AM PDT by redshawk ( I want my red balloon. ( https://youtu.be/zNLpfEDliV0)
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To: knighthawk

No. This is trying to dig our way out of a ditch. If anything we need a budget that is smaller than last year. Any Republican voting for a budget greater than last year’s budget needs to be primaried.


10 posted on 05/27/2021 6:15:19 AM PDT by ConservativeInPA (“When injustice becomes law, resistance becomes duty.” ― Thomas Jefferson)
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To: Bernard
A more meaningful report...

That report will be effectively $0.

Not a plug nickle of IRS-collected 1040 money goes to Federal programs (see Grace report), so it's only fitting that not a plug nickle, at the end of 2021, of the "debt" will mean anything. Won't be paid back.

11 posted on 05/27/2021 6:15:57 AM PDT by C210N (You can trust government or you can understand history. But you CANNOT do both)
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To: knighthawk

Kakistocracy
A kakistocracy is a system of government that is run by the worst, least qualified, and/or most unscrupulous citizens.


12 posted on 05/27/2021 6:16:37 AM PDT by Vision (Elections are one day. Reject "Chicago" vote harvesting. Election Reform Now. Obama is an evildoer.)
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To: ConservativeInPA

Need a bigger budget. Much bigger.

We gotta BUST the FED. Bust Central Banking.

Bring in NESARA/QFS. End the Deep State Cabal.


13 posted on 05/27/2021 6:17:05 AM PDT by C210N (You can trust government or you can understand history. But you CANNOT do both)
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To: knighthawk

Fears of inflation?

It’s already here. The question is how much?


14 posted on 05/27/2021 6:22:41 AM PDT by glorgau
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To: C210N

Exactly !

Additionally, as banks can by law lend 10X their holding - this is really a $60T potential right out of the gate.

We are way behind pure stupid land...

On the other hand, societal and economic collapse are the marxists real goal for any representative form of government.

The stolen government and fraudulent president are doing exactly what they intended.


15 posted on 05/27/2021 6:41:17 AM PDT by patriotfury ((May the fleas of a thousand camels occupy mo' ham mads tents!) )
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To: knighthawk

He’s tanking our economy at the behest of his primary handler, President Xi Jinping. He needs a quick nap in the dirt.


16 posted on 05/27/2021 6:42:34 AM PDT by TheElectionWasStolen
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To: Red Badger

Few people realize this salient point.

Many think their debt will vanish with inflation, but you still need an income. I think it will come in a whipsaw of waves that will wipe out everyone, debt holders and savers without distinction.


17 posted on 05/27/2021 6:46:48 AM PDT by zek157
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To: C210N

Only one type of banking will be more corrupt and antithetical to privacy, liberty, and America than a centralized Federal Reserve paper/fiat banking system —

— a global centralized fiat digital bank.

“Whoever controls the money, controls the people.”


18 posted on 05/27/2021 6:50:55 AM PDT by patriotfury ((May the fleas of a thousand camels occupy mo' ham mads tents!) )
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To: knighthawk

Budget , LOL the Dems don’t remember what a budget is


19 posted on 05/27/2021 7:26:02 AM PDT by butlerweave
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To: patriotfury
Yes, Exactly!

A national precious-metals backed system, OTOH, will bring back sovereignty, as opposed to the current slavery system.

Get rid of fractional-reserve Central fiat banking (the Alexander Hamilton mindset). Note - JFK replaces Hamilton.


20 posted on 05/27/2021 7:38:34 AM PDT by C210N (You can trust government or you can understand history. But you CANNOT do both)
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