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Note the Year to Year numbers. This is what has happened in the last 12 months.
Look at how many are over. 20% increase. Electricity will be there soon.
Heating oil @ 68.8% increase! Health Insurance @23.3% increase! YIKES
That electricity percentage needs to be broken out by area. The electric company I had in NH had requested a 100% increase but the state only gave them 50%. Fortunately, I haven't been hit too hard here in SC but if I was still in NH coming into winter, I'd be screwed.
You can't really blame this administration, when the problem's beginning is 1933, and "Saint" FDR.
That's when the "STATE OF EMERGENCY" was first declared, and then later codified into law, as Title 12 USC Sec. 95a, b.
https://usdebtclock.org/
SEP. 14, 2022
US NATIONAL DEBT : 30.9 T (in dollars)
FEDERAL SPENDING : 6.08 T (in dollar bills)
FEDERAL DEFICIT : 1.3 T (in dollar bills)
TAX REVENUES : 4.7 T (in dollar bills)
DEBT SERVICE : 0.444 T (in dollar bills)
US POPULATION : 333,110,066
Search report for “currency in circulation”
Federal Reserve Banks . . . SEP 7, 2022
$2,284,279,000,000 ($2.28 trillions)
U.S. Population : 333 million ( est )
Currency per capita : $6,857 (approx)
DO you think it is “strange” that the government spends $6.08 trillion dollar bills, with only $2.28 trillion dollar bills in circulation?
CAN you say “velocity of money”?
OR do you feel queasy that the debt service is being paid for with newly borrowed funds? (owe 0.444 T, borrow 1.3 T !)
Annual Debt Service (interest) . . $444 billion
"Somebody" is getting quite wealthy from the profligate government kiting bad checks at our expense.
Do you really think that any "Wing" (left or right) or partisan political party would dare try to correct things? If they ever tried, "THE CREDITOR" would be wroth, and spank them mightily... or make them take a “dirt nap.”
But but but
Isn’t owing 30+ trillion gold dollars, when there’s no evidence that the gold was ever lent to CONGress, evidence of FRAUD?
YES, BUT- NO one can do a thing about it.
14th amendment, Section 4. THE VALIDITY OF THE PUBLIC DEBT of the United States, authorized by law, including debts incurred for payment of pensions and bounties for services in suppressing insurrection or rebellion, SHALL NOT BE QUESTIONED.
Crazy when we have a revenue of 4.3 TRILLION, and we still have a deficit of $1.3 trillion. As rates rise, the cost to service the new debt under higher interest rates will consume more and more of our budget, which will require more sources of revenue to service that debt ~ that'll be taxes and likely war.
Crazy when we have a revenue of 4.3 TRILLION, and we still have a deficit of $1.3 trillion. As rates rise, the cost to service the new debt under higher interest rates will consume more and more of our budget, which will require more sources of revenue to service that debt ~ that'll be taxes and likely war.
Insane.
Want to feel really craz-zee?
Imagine when the debt service (interest) is greater than the sum of circulating federal reserve notes.
There's nothing stopping that from occurring.
To authorize "NEW" Federal Reserve Notes (Dollar bills) Pursuant to 12 USC Sec. 411, CONgress must run a deficit (new debt). And to pay the interest due on that new debt, requires more FRNs (dollar bills). And that means higher future deficits to authorize their creation.
Any year Congress fails to have a deficit, the "money machine" shuts off, triggering an economic bust year (like 1999-2000, the Dot-Com Bust).
GDP Now has our current GDP for the quarter at .5% but it’s dropping fast. After 2 quarters of negative growth to have growth this tepid is very concerning. We have supply side issues that are keeping us from growing. Namely a massive labor shortage 11 million jobs open. Not sure where any growth is going to come from.
Note the Year to Year numbers. This is what has happened in the last 12 months.
Look at how many are over. 20% increase. Electricity will be there soon.
Heating oil @ 68.8% increase! Health Insurance @23.3% increase! YIKES
Housing costs ONLY up 6.2% year over year. Housing costs are up much more than that on interest rates alone, never mind appreciaton.
Rents ONLY up 6.7% year over year. Who's rent only went up 7% last year.
These official lies are as hilarious as they are obvious.
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