Another Crisis For Washington DC To Justify Unjustifiable Spending Binges (Subprime Crisis, Covid, ??)

[Doc7505]

Another Crisis For Washington DC To Justify Unjustifiable Spending Binges (Subprime Crisis, Covid, ??) Biden Borrows $6.75 TRILLION While Spending $569 Billion​

Another Crisis For Washington DC To Justify Unjustifiable Spending Binges (Subprime Crisis, Covid, ??) Biden Borrows $6.75 TRILLION While Spending $569 Billion

In statistics we talk about “jump processes.” Like Federal government spending every time there is a financial crisis like the subprime crisis of 2008-2009 and the Covid lockdowns of 20…

confoundedinterest.net

In statistics we talk about “jump processes.” Like Federal government spending every time there is a financial crisis like the subprime crisis of 2008-2009 and the Covid lockdowns of 2020. Each crisis brought a jump in the level of spending and jump in Federal debt.
Federal debt under Biden started at $27.7 trillion and is currently at $34.5 trillion, that amounts to $6.75 TRILLION in additional debt under Old Grand-dad Joe Biden. Federal spending, of course, is out of control with Biden/Congress spending $569 BILLION since Joey took office.
If only Biden would retire gracefully. He could be the new face of “Old Grand-dad Bourbon Whiskey.” Except Biden’s version would be an angry 80+ year old man with dementia.


Commentary:
Doesn’t anyone wonder where the money is coming from that they are getting at a moments notice? Is no one asking about obvious slush funds or the borrowing of earmarked funds while raising taxes and giving themselves a raise taken from social security, medicare, or other people oriented set aside cash?
This is the nature of ALL fiat monetary systems throughout history - the ability to spend, the ability to borrow, and the ability to print all to enhance power and social-engineering schemes of those in power.
Until those questions are asked, and answered, the mystery continues and no one can take the blame for mismanagement. Shrewd... But when the well goes dry, or gets so low there’s nothing but mud, then who will die of thirst first? Won’t be the people that caused the drain. They’ve already prepared for that and have wells set aside for themselves like in the Caymans. And the problem is that the people who should be asking those questions without being accused of an insurrection, are hip deep in it right now and just as wet as the perpetrators. Or are they the perpetrators.

 

[Dadoalex]

Another Crisis For Washington DC To Justify Unjustifiable Spending Binges (Subprime Crisis, Covid, ??) Biden Borrows $6.75 TRILLION While Spending $569 Billion​

Another Crisis For Washington DC To Justify Unjustifiable Spending Binges (Subprime Crisis, Covid, ??) Biden Borrows $6.75 TRILLION While Spending $569 Billion

In statistics we talk about “jump processes.” Like Federal government spending every time there is a financial crisis like the subprime crisis of 2008-2009 and the Covid lockdowns of 20…

confoundedinterest.net

In statistics we talk about “jump processes.” Like Federal government spending every time there is a financial crisis like the subprime crisis of 2008-2009 and the Covid lockdowns of 2020. Each crisis brought a jump in the level of spending and jump in Federal debt.
Federal debt under Biden started at $27.7 trillion and is currently at $34.5 trillion, that amounts to $6.75 TRILLION in additional debt under Old Grand-dad Joe Biden. Federal spending, of course, is out of control with Biden/Congress spending $569 BILLION since Joey took office.
If only Biden would retire gracefully. He could be the new face of “Old Grand-dad Bourbon Whiskey.” Except Biden’s version would be an angry 80+ year old man with dementia.


Commentary:
Doesn’t anyone wonder where the money is coming from that they are getting at a moments notice? Is no one asking about obvious slush funds or the borrowing of earmarked funds while raising taxes and giving themselves a raise taken from social security, medicare, or other people oriented set aside cash?
This is the nature of ALL fiat monetary systems throughout history - the ability to spend, the ability to borrow, and the ability to print all to enhance power and social-engineering schemes of those in power.
Until those questions are asked, and answered, the mystery continues and no one can take the blame for mismanagement. Shrewd... But when the well goes dry, or gets so low there’s nothing but mud, then who will die of thirst first? Won’t be the people that caused the drain. They’ve already prepared for that and have wells set aside for themselves like in the Caymans. And the problem is that the people who should be asking those questions without being accused of an insurrection, are hip deep in it right now and just as wet as the perpetrators. Or are they the perpetrators.

You can lie to you but you can't lie to me

 

[the watcher]

You just don't understand how the federal reserve and deficit spending work. You really need to watch Tom Sellick's presentation on reverse mortgages to make you feel better in the last few years. You can feel comfortable while the nice bank sips gently at your home until you don't need it anymore.