Quote:
Originally Posted by Dondilion
The Federal Reserves $34.5 trillion problem.
Following the IMF warning on spending, the linked article is an eye opener on the ponzi scheme operation of the federal government/federal reserve collective. Of special interest is the "debt monetization" operation..
https://www.fxstreet.com/amp/analysi...m-202404261906 |
A big fat sack of polemics on the scale, seems to me. 'Welfare state' rhetoric when welfare is 18% of the Fed budget. The US taxes way under what most developed economies tax. Increase the tax just half the way from where we are to the average, and we'd wipe out the deficit, and could pay off the debt.
The actual problem is the top wealth hoarders would rather loan money to the government and get interest on it forever, rather than pay taxes.