All according to plan
Posted on 04/12/2024 9:28:06 PM PDT by SeekAndFind
In order to fix it, they have to remove dollars from the system to right-size inflation. However, if they do that, the debt grows as a share of GDP because you can only right-size the debt by stopping it and paying it down.
We are doing so well, we don’t have to worry about the cost of illegals or of forgiving student loans, and we can freely help Ukraine with many hundreds of billions of dollars for something that could have been handled with a peace treaty.
Everything is fine!
The economy was a powerhouse just 4 years ago.
Lowest unemployment in history across all demographic groups.
But now the priority is to get full employment for illegal aliens.
bttt
FR Democrat Party operatives will argue with you about that...
Think is all because of criminal Biden and those who support him. May they all rece Righteous justice. Soon.
The Rats won’t cut Social Security benefits, but they have no problem creating high inflation, or fudging the numbers to limit Social Security COLA’s.
Four years ago we weren’t buying oil from our enemies. We were producing our own. Funny how that works, isn’t it.
This author is real BIG on “doom porn”.
but the big elephant in the room, is this,
As long as we tolerate modern school Democrats in our country we are Phaqued.
Get rid of the white, black, and brown hard cases and we will do fine.
Case in point, Name one fiscally and healthy Democrat run city. Can’t do it, they don’t exist.
Thank a Democrat for the destruction of America.
Interest on the federal debt is now so immense that it's consuming 40% of all personal income taxes. The largest source of revenue for the federal government is increasingly being devoted to just servicing the debt, not even paying it down.
The problem is getting worse daily . . .
US national debt tracker for April 12, 2024: See what American taxpayers (you) owe in real time
Thanks to a combination of high inflation, rising interest rates and unrelenting growth in the national debt, interest payments are expected to triple from nearly $475 billion in fiscal year 2022 to a stunning $1.4 trillion in 2032.
Given that the left refuses to cut spending on wasteful communist-socialist pogroms and too many politicians overall refuse to cut spending on pork . . .
Some time within the time-span of mid 2027 on up to mid 2029, all of personal income taxes will be paying all of the interest on the national debt. None of personal income taxes, will be paying down the national debt.
With that in mind, along with the bottlenecks, chokepoints, and roadblocks created by government bureaucratic regulations, weighing heavily on what American producers can/might do . . .
Plus the theft by the left, as the left steals what it can by way of thoughtless Biden (and successor) socialist-group-think edicts . . .
Dodging recently-re-released criminals between workplace and home . . .
The millions (and millions) of fedgov employees say thank you.
The corollary to simply removing dollars, is lowering the cost of production, so there are more goods for those dollars to chase. That’s what Volker did.
Short term deflation, unfortunately, but that’s the only way I am aware of to tackle inflation is to remove dollars to make them more valuable.
make this govt pay you for all the years you paid, and paid and paid...the longer we live they more they have to spend on us...
for us, we are definetly going from middle class down....our property tax will be the end of us....
now look....
yeah the govt class will be the target of the masses....just like in Russia and France...
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