The Biden Economy

[Dondilion]

Inflation hits 8.5. Where is Volcker?

[piece-itpete]

Could it be, printing money and shoveling it out plane windows is a bad idea?

https://www.usdebtclock.org/index.html

[BlueStreak]

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.

[bobabode]

Originally Posted by piece-itpete

Could it be, printing money and shoveling it out plane windows is a bad idea?

https://www.usdebtclock.org/index.html

After Il Duce T'Rumpolini republicans have forfeited the right to criticize democrats.

[piece-itpete]

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.



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.

[donquixote99]

Fortunately, we'll never have to cough up the 240K. The debt is permanent under the current system.

[BlueStreak]

Originally Posted by donquixote99

Fortunately, we'll never have to cough up the 240K. The debt is permanent under the current system.

Right. What was that Dick Cheney told us? "Deficits don't matter.". The thing is, I always believed he was right.

[BlueStreak]

Originally Posted by Dondilion

Inflation hits 8.5. Where is Volcker?

I need more bananas. Bought the last bunch for 77 cents at Food Lion. Actually cheaper than they were a year ago. Gas here has gone down by ~12 cents per gallon as well.

[donquixote99]

Originally Posted by BlueStreak

Right. What was that Dick Cheney told us? "Deficits don't matter.". The thing is, I always believed he was right.

They don't matter until they do. You have to not be stupid about it.

[Mark B]

Originally Posted by piece-itpete

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.



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.

Most of the Total Government Debt was accumulated by Repubs.

https://www.statesman.com/story/news...bt/5891161001/