Posted on May 9, 2021
US Debt-to-GDP Ration Is Worse Than Greece’s Before the 2008 Crash (And It’s About to Get Worse)
891
40
10
12
12
0
https://fee.org/articles/us-government-s-debt-to-gdp-ratio-is-worse-than-greece-s-before-the-2008-crash-and-it-s-about-to-get-worse/?utm_source=email&utm_medium=email&utm_campaign=2020_FEEWeekly
Biden’s plan will almost certainly make the deficit worse. Though the plan contains various tax increases to fund its programs, the taxes are likely to fall well short of government outlays, economists say.
“The laws of economics are more rigid than the laws of the federal government, and these tax hikes are unlikely to yield the windfall Biden expects,” Joshua Jahani, the managing director of Jahani and Associates, noted in a recent NBC News article.
Biden’s plan will almost certainly make the deficit worse. Though the plan contains various tax increases to fund its programs, the taxes are likely to fall well short of government outlays, economists say.
“The laws of economics are more rigid than the laws of the federal government, and these tax hikes are unlikely to yield the windfall Biden expects,” Joshua Jahani, the managing director of Jahani and Associates, noted in a recent NBC News article.
Posted in these groups: 
Joe Biden
EconomyUnited States Department of the Treasury: Bureau of Public Debt
Joe Biden EconomyUnited States Department of the Treasury: Bureau of Public Debt
Edited >1 y ago
Posted >1 y ago
Responses: 7
5
5
0
Down the slippery slope. It will take a long time to dig us and future generations out of this.
(5)
(0)
5
5
0
It's bad enough that our children and grandchildren and our great grandchildren will be paying for this into infinity Lt Col Charlie Brown
(5)
(0)
5
5
0
Has anyone seen what the “actual” selling values are for gold and silver........this speaks volumes as Biden rushes to collapse the dollar.
Giving our billions away on frivolous pandering “stimulus” checks to Americans and illegals is just about as piss poor a leader as it can get.
”KEEP your powder dry”.
Giving our billions away on frivolous pandering “stimulus” checks to Americans and illegals is just about as piss poor a leader as it can get.
”KEEP your powder dry”.
(5)
(0)
SSG Bill McCoy
"Keep your powder dry." Sound advice because when (not IF) our economy and the dollar's value collapses, we may well see pure anarchy. If I were to invest in precious metals like gold ... what would I do? Throw it at a looter? So, my precious metal investments have been for a long while, in "lead' - aka, AMMO.
(3)
(0)
SPC Michael Terrell
I had some jerk arguing a few years ago that if he had gold, he could buy whatever he needed. I asked if he would trade a pound of gold, for a pound of food, if e was hungry enough. With severe food and other shortages, it is just a burden to haul around.
(0)
(0)
Read This Next
Continue with Facebook 
Continue with Google