Let me start this off with some information about the U.S. economy which I think most Americans have a basic knowledge of already. It’s not like figuring out what it takes to land someone on the moon, it’s really very simple math. Yet surprisingly many Americans don’t get it. If they did they wouldn’t have put this idiot on Pennsylvania Ave.
So here’s what it is. The Federal Government takes in taxes from us, the American people. That's called revenue. Now they take in roughly 3 trillion dollars a year but they spend 6 trillion dollars. That's 3 trillion dollars in the hole that they have to borrow. Again these numbers are not exact but fairly close. This year of 2021 they are on a pace to spend 9 trillion which would make it a 6 trillion dollar deficit or 6 trillion in the hole.
Let's put this another way. What would happen to an American
family whose income is 75,000 a year but who spends 450,000 a year. Where would they be in 10 years?
Either these politicians are brain dead or they just don’t care about America’s future but I do know one thing, they have to be stopped before they sell our children downriver.
Many people believe that much of U.S. debt is owed to foreign countries like China and Japan. The truth is, most of it is owed to Social Security and pension funds. This means U.S. citizens, through their retirement money, own most of the national debt.
Biden’s “solution” to America’s troubles is just spending ungodly amounts of money with no real way to pay for it. His first spending package, passed earlier this year, cost the country over $1 trillion dollars. And it wrecked the economy. Yet Biden and the left want to spend even more money! In addition to a so-called bipartisan infrastructure bill that could cost another trillion, Democrats are trying to push a radical spending bill costing $3.5 trillion.
We are going to see inflation in this country as we have never seen before. We are already seeing it. Gas prices went in 8 months from $2.50 a gallon to $4.50 a gallon. The grocery bill went up 4.5% just in the month of April. The largest one-month increase in 47 years. I went to Ace hardware the other day an 8 foot 2x4 which used to cost me around 7 bucks was 14 dollars and old 18 wheeler Joe ain’t done with us yet.
Today as I write this article, the National debt is almost 29 trillion dollars. that’s $86,150 dollars for every single person in America.
I don’t know what your thinking but I’m thinking “They’ve got to be stopped!!”
Written by Walt Ryba July 31, 2021
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