My buddies wife is a Ped/Med, children's doctor. They buy 150G in drugs at a wack, all on a CC, points for Airline Upgrades to Hawaii. Working the system.
- Thread starter Hobo Hilton
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The FED Reserve is going to have to bring some more printing presses on line.
www.cnbc.com
The U.S. national debt is rising by $1 trillion about every 100 days
The nation's debt now stands at nearly $34.4 trillion.
www.cnbc.com Last edited:
Laughing,... looks like the cookie is about to crumble for a few.The FED Reserve is going to have to bring some more printing presses on line.
View attachment 8362053
The U.S. national debt is rising by $1 trillion about every 100 days
The nation's debt now stands at nearly $34.4 trillion.
How ironic that in a different thread the tax man came to take someone’s castle from them for back taxes, yet these same politicians keep writing checks for money they don’t have either, is this how it’s supposed to work?The FED Reserve is going to have to bring some more printing presses on line.
View attachment 8362053
The U.S. national debt is rising by $1 trillion about every 100 days
The nation's debt now stands at nearly $34.4 trillion.
Your Guide to Gibbs’ Rules
Jethro Gibbs - Rule #39: There is no such thing as a coincidence.The Deep State has sped up the implementation of their plan. You will own nothing.
Adapt
Consumers as a whole are falling deeper in debt, and that has cost them.
Cardholders coughed up a record-high $130 billion in credit card interest and fees in 2022, according to the latest tally from the Consumer Financial Protection Bureau. That was before credit card APRs moved even higher as the Federal Reserve continued raising its benchmark interest rate to tame inflation.
www.cnbc.com
Cardholders coughed up a record-high $130 billion in credit card interest and fees in 2022, according to the latest tally from the Consumer Financial Protection Bureau. That was before credit card APRs moved even higher as the Federal Reserve continued raising its benchmark interest rate to tame inflation.
As late, missed payments rise, credit card borrowers face 'consequences' for falling behind, CFPB says
The CFPB finalized a rule to ban excessive credit card late fees, after finding that cardholders paid a record $130 billion in interest and fees.
www.cnbc.com Did some reading on the subject matter, it seems real-time America is a chapter of this commie-philosophy. The parallels they describe with events are almost to perfect a fit. If you blow the spot up and ruin the deepest state planners efforts they will not be happy. Thanks for the insightful info.
Help me with the math.
Biden proposes reducing the federal deficit by $3 trillion over the next 10 years by taxing the wealthiest companies and households.
Without adding any new debt, just the Net interest costs soared to $659 billion in fiscal year 2023, which ended September 30, according to the Treasury Department. That’s up $184 billion, or 39%, from the previous year and is nearly double what it was in fiscal year 2020.
www.cnbc.com
Biden proposes reducing the federal deficit by $3 trillion over the next 10 years by taxing the wealthiest companies and households.
Without adding any new debt, just the Net interest costs soared to $659 billion in fiscal year 2023, which ended September 30, according to the Treasury Department. That’s up $184 billion, or 39%, from the previous year and is nearly double what it was in fiscal year 2020.
Treasury chief Yellen defends Biden budget against Republican senators' fears of tax increases
President Joe Biden is committed to not raising taxes on Americans earning less than $400,000, Treasury Secretary Janet Yellen told senators at a hearing.
www.cnbc.com 
Most Americans, including the Potato in Chief, think deficit reduction equals debt reduction. It's why when asked about the debt, he claims he's reduced the debt by $3T when we all know it's gone nowhere but up, but the libs clap and cheer because they are fucking stupid. Literally and completely, FUCKING STUPID.Help me with the math.
Biden proposes reducing the federal deficit by $3 trillion over the next 10 years by taxing the wealthiest companies and households.
Without adding any new debt, just the Net interest costs soared to $659 billion in fiscal year 2023, which ended September 30, according to the Treasury Department. That’s up $184 billion, or 39%, from the previous year and is nearly double what it was in fiscal year 2020.
Treasury chief Yellen defends Biden budget against Republican senators' fears of tax increases
President Joe Biden is committed to not raising taxes on Americans earning less than $400,000, Treasury Secretary Janet Yellen told senators at a hearing.
If you gave Yellen $100 and asked her to go grocery shopping for you, she'd come back with a sack of onions, three new employees to carry it and a credit card charge in your name due to the People's Bank of China. It's exactly how she runs the US Government's economy.
Behind a Pay Wall so I copied.
________
Larry Fink is worried about what he calls the U.S.’s “snowballing debt.” He’s not alone, with Washington number crunchers seeing it hit a record in as little as five years.
In his annual letter to BlackRock Inc. investors, the chairman and chief executive of the investment-management company said: “More leaders should pay attention to America’s snowballing debt.
“There’s a bad scenario where the American economy starts looking like Japan’s in the late 1990s and early 2000s, when debt exceeded [gross domestic product] and led to periods of austerity and stagnation.”
Fink’s concerns echo those of a recent analysis by the nonpartisan Congressional Budget Office, which projected that debt held by the public would reach its highest level ever in 2029, at 107% when measured as a percentage of the economy. By 2054, it would reach 166% of the economy, the CBO said in its March 20 estimate.
The BlackRock chief and the CBO both warned of the risks of servicing that debt. Under the CBO’s scenario, the cost of interest payments on the debt will double by 2054, to 6.3% of GDP. Add in rising costs for programs like Social Security, and there are “significant risks to the fiscal and economic outlook,” the agency said.
The CBO’s report was released before President Joe Biden signed into law a $1.2 trillion package of spending bills on March 23, ending the threat of a government shutdown.
Combined with a separate package, discretionary spending for the budget year will come to about $1.66 trillion. But, as the Associated Press noted, that does not include programs such as Social Security and Medicare, or financing the country’s rising debt.
The spending package largely tracks with an agreement that then-Speaker Kevin McCarthy of California worked out with the White House in May 2023, which restricted spending for two years and suspended the debt ceiling into January 2025 so the federal government could continue paying its bills.
In his letter, Fink said a debt crisis is not inevitable. He said the issue can’t only be solved through tax hikes and spending cuts, and called for “pro-growth policies” such as infrastructure investments, especially in the energy sector.
________
BlackRock’s Larry Fink is worried about ‘snowballing’ U.S. debt. Here’s how soon it could hit a record.
Larry Fink is worried about what he calls the U.S.’s “snowballing debt.” He’s not alone, with Washington number crunchers seeing it hit a record in as little as five years.
In his annual letter to BlackRock Inc. investors, the chairman and chief executive of the investment-management company said: “More leaders should pay attention to America’s snowballing debt.
“There’s a bad scenario where the American economy starts looking like Japan’s in the late 1990s and early 2000s, when debt exceeded [gross domestic product] and led to periods of austerity and stagnation.”
Fink’s concerns echo those of a recent analysis by the nonpartisan Congressional Budget Office, which projected that debt held by the public would reach its highest level ever in 2029, at 107% when measured as a percentage of the economy. By 2054, it would reach 166% of the economy, the CBO said in its March 20 estimate.
The BlackRock chief and the CBO both warned of the risks of servicing that debt. Under the CBO’s scenario, the cost of interest payments on the debt will double by 2054, to 6.3% of GDP. Add in rising costs for programs like Social Security, and there are “significant risks to the fiscal and economic outlook,” the agency said.
The CBO’s report was released before President Joe Biden signed into law a $1.2 trillion package of spending bills on March 23, ending the threat of a government shutdown.
Combined with a separate package, discretionary spending for the budget year will come to about $1.66 trillion. But, as the Associated Press noted, that does not include programs such as Social Security and Medicare, or financing the country’s rising debt.
The spending package largely tracks with an agreement that then-Speaker Kevin McCarthy of California worked out with the White House in May 2023, which restricted spending for two years and suspended the debt ceiling into January 2025 so the federal government could continue paying its bills.
In his letter, Fink said a debt crisis is not inevitable. He said the issue can’t only be solved through tax hikes and spending cuts, and called for “pro-growth policies” such as infrastructure investments, especially in the energy sector.
First of all... total government debt(*) is already at 121% Softball article using "held by public" to reduce the numbers.
(*) This doesn't include unfunded liabilities which is WAY higher.
Probably not wanting to create panic in the streets. His article is a "word to the wise"... the Wall Street insiders already knew what he publicized. His message is to those who had a plan of "Hope". For those people, best they shift to their Plan B.
None of us were alive for the gold confiscation act of 1933 but some of us might live long enough to see what comes next after the Dollar is played out.
Bring it on. The sooner the better. If "this" goes on much longer there won't be a country to save.
I like the fuck outta this guy. Speakin truth!!
"America’s fiscal outlook is more dangerous and daunting than ever, threatening our economy and the next generation," said Michael Peterson, the CEO of the Peter G. Peterson Foundation that advocates for reducing the federal deficit. "This is not the future any of us want, and it’s no way to run a great nation like ours."
That is because as interest rates rise, the federal government's borrowing costs on its debt will also increase. In fact, interest payments on the national debt are projected to be the fastest-growing part of the federal budget over the next three decades, according to the CRFB.
www.foxbusiness.com
That is because as interest rates rise, the federal government's borrowing costs on its debt will also increase. In fact, interest payments on the national debt are projected to be the fastest-growing part of the federal budget over the next three decades, according to the CRFB.
US national debt tracker for March 27, 2024: See what American taxpayers (you) owe in real time
The U.S. national debt is climbing at a rapid pace, on track to double over the next three decades amid a rush of spending by President Biden and Congress.
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