Where this $4T comes from is infinite. That's why we have not "broke the bank" years ago. $20T in debt, $200T in unfunded liabilities. Will never be paid back... could just as well double that.
NESARA here we come! NCSWIC.
4 Trillion?
At what point do we break the bank or printing presses?
Raise taxes more? Guess the Dems never heard of the Laffer curve.
When has ANY of this promised “infrastructure” EVER been built under a Democrat-controlled Congress and a Democrat occupant of the Oval Office? It invariably gets p*ssed away to bail out some crony or dependent demographic that has no clue as to fiscal management.
This kind of spending would give drunken sailors a very bad name.
Anyone still believe we’ll pay down the national debt? EVER? Rein in the budget?
4 Trillion?
At what point do we break the bank or printing presses?
___________________________________________________
There is no point where we break either. It’s been figured out for quite awhile (even though many don’t want to admit it). It’s as easy for the Fed to print money as it is for them to digitally add “zeros” to someone’s bank account. The only possible fear is too much inflation too fast. Right now, not many people are worried or care.
The major banks are too big to fail (they know that too).
You and I are just along for the ride.
It remains to be seen what the breaking point is...
Whatever tax hikes the Democrats promote will raise less money than they project and the stimulus will generate far less economic activity than they estimate....
The only reason we don’t have runaway inflation right now is we are the world’s reserve currency.....
The day of raising taxes to pay for government spending are over, taxes are used to punish people and groups that have less political power than the masses...
It’s insane but the new economic model is we can print any amount of money we need without problems...
At some point if/when inflation kicks in, interest will rise and then the SHTF and the deficit really explodes by trillions over and above what we are spending...
You have to see this regarding the trillions. It’s Bill Mahar, but he nails the whole thing beautifully.
https://www.youtube.com/watch?v=gRWbAjy-P4E
The real meat starts at 3:11, but the whole thing is worth it.
It touches on why my tag line is what it is.
Where this $4T comes from is infinite. That's why we have not "broke the bank" years ago. $20T in debt, $200T in unfunded liabilities. Will never be paid back... could just as well double that.
NESARA here we come! NCSWIC.
I think we reached that point during the Nixon administration.