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A very sad state of affairs.
Apr 7, 2021 12:45:41   #
Capt-jack Loc: Home
 
In February, U.S. government debt surpassed a record $28 TRILLION.

It took 200 years to rack up the first $1 trillion in debt. But today, it's soaring. In fact, Biden racked up the last $1 trillion of debt in less than 4 MONTHS.

And now that Biden is pushing another $1.9 trillion into the economy as his solution to economic fallout from the pandemic, deficit spending has gone parabolic! With each passing day, it's destroying the savings of the American public.

The former head of the U.S. Fed, Alan Greenspan, once put it simply: "Deficit spending is simply a scheme for the confiscation of wealth."





Apr 7, 2021 12:51:26   #
Carol Kelly
 
Capt-jack wrote:
In February, U.S. government debt surpassed a record $28 TRILLION.

It took 200 years to rack up the first $1 trillion in debt. But today, it's soaring. In fact, Biden racked up the last $1 trillion of debt in less than 4 MONTHS.

And now that Biden is pushing another $1.9 trillion into the economy as his solution to economic fallout from the pandemic, deficit spending has gone parabolic! With each passing day, it's destroying the savings of the American public.

The former head of the U.S. Fed, Alan Greenspan, once put it simply: "Deficit spending is simply a scheme for the confiscation of wealth."
In February, U.S. government debt surpassed a reco... (show quote)


The Chinese gift of the Pandemic to the Democrats was the straw that broke our nation’s back. They’re in it together.

Apr 7, 2021 15:25:29   #
LogicallyRight Loc: Chicago
 
Capt-jack wrote:
In February, U.S. government debt surpassed a record $28 TRILLION.

It took 200 years to rack up the first $1 trillion in debt. But today, it's soaring. In fact, Biden racked up the last $1 trillion of debt in less than 4 MONTHS.

And now that Biden is pushing another $1.9 trillion into the economy as his solution to economic fallout from the pandemic, deficit spending has gone parabolic! With each passing day, it's destroying the savings of the American public.

The former head of the U.S. Fed, Alan Greenspan, once put it simply: "Deficit spending is simply a scheme for the confiscation of wealth."
In February, U.S. government debt surpassed a reco... (show quote)


That is called crop failure

 
 
Apr 7, 2021 15:30:37   #
ChJoe
 
Carol Kelly wrote:
The Chinese gift of the Pandemic to the Democrats was the straw that broke our nation’s back. They’re in it together.


Totally agree. It is just TOO coincidental!!

Apr 7, 2021 15:32:27   #
woodguru
 
Capt-jack wrote:
In February, U.S. government debt surpassed a record $28 TRILLION.

...But today, it's soaring. In fact, Biden racked up the last $1 trillion of debt in less than 4 MONTHS.

The former head of the U.S. Fed, Alan Greenspan, once put it simply: "Deficit spending is simply a scheme for the confiscation of wealth."

Taxes are not the confiscation of wealth...

...and you go on about the four months Biden has been in office, try doing an accurate reflection on the four years trump was in office and how much his policies directly added to the debt...your hero trump blew Obama's two terms out of the water in one term.

And by the way, Biden inherited policies and tax cuts that are in escalating deficit modes just as Obama did when he took on massive Bush deficits and holdover policies.

Apr 7, 2021 16:11:46   #
Capt-jack Loc: Home
 
Few know that China has sent thousands of their smartest kids here to MIT, HARVARD, YALE, COLUMBIA, AND STANFORD for over 20 years. We have thought them to make just about anything from nukes to virus bugs. Many things that we can not afford to build here due to the labor costs are built in China due to the fact it cost one hundred of the money. On top of that, they hack into our department of defense and steal blueprints to everything we have from jet planes to submarines.

Apr 7, 2021 16:55:21   #
lpnmajor Loc: Arkansas
 
Capt-jack wrote:
In February, U.S. government debt surpassed a record $28 TRILLION.

It took 200 years to rack up the first $1 trillion in debt. But today, it's soaring. In fact, Biden racked up the last $1 trillion of debt in less than 4 MONTHS.

And now that Biden is pushing another $1.9 trillion into the economy as his solution to economic fallout from the pandemic, deficit spending has gone parabolic! With each passing day, it's destroying the savings of the American public.

The former head of the U.S. Fed, Alan Greenspan, once put it simply: "Deficit spending is simply a scheme for the confiscation of wealth."
In February, U.S. government debt surpassed a reco... (show quote)


You didn't seem concerned when trump and mitch were racking up their 5 trillion dollar deficit, so why the concern now?

 
 
Apr 8, 2021 15:35:02   #
ChJoe
 
lpnmajor wrote:
You didn't seem concerned when trump and mitch were racking up their 5 trillion dollar deficit, so why the concern now?


We certainly didn't support the needless gifting of money to so many foreign governments.

Apr 11, 2021 10:57:25   #
Capt-jack Loc: Home
 
woodguru wrote:
Taxes are not the confiscation of wealth...

...and you go on about the four months Biden has been in office, try doing an accurate reflection on the four years trump was in office and how much his policies directly added to the debt...your hero trump blew Obama's two terms out of the water in one term.

And by the way, Biden inherited policies and tax cuts that are in escalating deficit modes just as Obama did when he took on massive Bush deficits and holdover policies.


Taxes are not the confiscation of wealth, LOL LOL. I see you failed economics 101.
I have to wonder if you understand what wealth is!

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