Inflation hits 8.5. Where is Volcker?
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Could it be, printing money and shoveling it out plane windows is a bad idea?
https://www.usdebtclock.org/index.html |
A Trump acolyte, Infowars and Breitbart following coworker informed me recently that Biden has completely lain America to waste and there is no hope for the future. Nothing but doom and gloom out there because of Sleepy Joe, says he. So, I had to ask what he planned to do once his job is stolen from him. "Oh, in this economy, there's jobs everywhere. I can get another job..........".
Gentlemen, I give you todays Republican Party. |
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Oh no we haven't!
Your boy is in, your folks are running Congress - you own it leftie ;) That said Trump didn't care about the deficit. Heck even Reagan only kept it from increasing. Years ago here I researched the so called 'surplus' from a few years back by looking at total government debt. There might, maybe, have been a 12 month period were it actually went down but it didn't fit into the fiscal year. Again, this was looking at government debt. If there was a real surplus it would've gone down. Politicians and smoke and mirrors, go figure. It was close though. https://datalab.usaspending.gov/amer...trends-viz.svg The debt clock says every taxpayer owes $240k now. Up from $148k in 2012 and estimated $302k in 2026. Although I wonder what figure they're using for inflation. |
Fortunately, we'll never have to cough up the 240K. The debt is permanent under the current system.
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https://www.statesman.com/story/news...bt/5891161001/ |
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