Posted on 02/04/2024 4:42:16 PM PST by ChicagoConservative27
Federal Reserve Chair Jerome Powell said “the U.S. is on an unsustainable fiscal path” in an 60 Minutes interview with Scott Pelley released Sunday.
“The U.S. federal government’s on an unsustainable fiscal path. And that just means that the debt is growing faster than the economy. So, it is unsustainable. I don’t think that’s at all controversial,” Powell said when asked if the national debt is a danger to the economy.
(Excerpt) Read more at thehill.com ...
Why is he letting this happen?
Isn’t he Large and in Charge?
[Lock him up.]
That comes under the “no shit” category.
Oh, then raise the rates another 100 basis points.
Getting ready to replace Biden.
Saw a couple of articles about Biden cursing behind the scenes. “Sources say” articles.
Too late. Catastrophe is baked in. You cannot unbake this bread back to water, flour and salt. In science, a process that is not reversible is called irreversible. This concept arises frequently in thermodynamics. All complex natural processes are irreversible.
It appears that government fiscal malfeasance is also irreversible.
We’re finally at the point where the Rats are building their own individual offramps. Despite this warning, tomorrow morning our azz’holes in the House and Senate will look to give Zelensky another $68bn in unaccounted for funds. Look in the mirror, it’s our own fault.
Massive benefits cuts, tax increases, and default.
Pick 2. You might get all three
This info may be news to the government, but the average citizen has known this for a long time.
Never happen in an election year with democraps in power.
well.. yeah... when you are handing out free credit cards to illegal aliens what do you expect?
You put it there douchebag.
“the U.S. is on an unsustainable fiscal path”
And who put us here? The GOPe congress - they held the hands of the rats for three decades to raise the debt ceiling to where it is now. And they continue to spend every dime of it.
More bank failures coming w/o bailouts this time. Queue Dandy Don: “The party’s over.”
“This info may be news to the government, but the average citizen has known this for a long time.”
It’s time to let the -sigmas in on it so the DeepState can run Blameware 2.1 on their mainblame super computer and flood the zone with AI propaganda.
Why an 60 minute should be a, imo.
Ds think any gummint spending is good, ala MMT.
It does indeed sir. Does anyone have a picture of Captain Obvious?
> Too late. Catastrophe is baked in. <
Agreed. I enjoyed my thermodynamics classes (I lucked out, and got good professors). But I see this more of a “not in my backyard” kind of thing.
Democrats: We should accept illegal immigrants. Just don’t put them in my neighborhood.
Democrats AND Republicans: We should cut spending. Just don’t cut a nickel from any of my pet projects.
So off the cliff we go.
more doom and gloom from J Powell... and the market skyrockets!
Disclaimer: Opinions posted on Free Republic are those of the individual posters and do not necessarily represent the opinion of Free Republic or its management. All materials posted herein are protected by copyright law and the exemption for fair use of copyrighted works.