Regime borrowed a TRILLION dollars in Q3...but will have to borrow $1.5 TRILLION in this quarter
Suppose you learned that the biden regime had been forced to borrow a TRILLION dollars just in the third quarter of this year to cover what the gruberment ORDERED to be spent.
I know my Democrat friends can't do math (at least when it doesn't help their cause), but at that rate what would the regime's total borrowing be for the year?
Take your time. Feel free to use a calculator if you need to. And of course you do, cuz if you a Democrat, maff ain't your strong suit, right?
Sarc off: It's four TRILLION per YEAR. Which means our total national debt would *double* from its current $33 Trillion in just eight years.
Democrat: "SO??? Whut's yo' point? Dis not beez a problem, cuz...reasons!"
Oh you bet, sparky. Now consider this report from MarketWatch that claims that in the *current quarter* (4th) the regime will have to borrow NOT a trillion dollars, but a bit more: $1.5 trillion. And that's in both this quarter and Q1 of next year.
Now, if you're not used to dealing in trillions of borrowed dollars, you have no idea what this actually means. So to put it on a scale normal folks can understand: Suppose you and your wife (or if you're a college student, your parents) work hard, but you spend more than your combined income. So to cover your excess spending you charge the difference to your credit-cards. In other words, you borrow the difference.
Now: Suppose last quarter you charged (i.e. borrowed), say, $10,000 on your credit-cards. But this quarter either your expenses went up (inflation?) or your income dropped (layoffs?), so to keep your spending at current levels you'll have to charge (borrow) $15,000 on the credit-cards.
Would you find that trend reassuring, or not?
Democrat and Mainstream Media: "HEY, ev'ryt'ing totally fine, citizen! Deez numberz jus' numberz! Dey don' mean nuffin'! Duh national debt jus' some random number dat don' mean nuffin'!"
Sure, sparky. Don't mean nuffin'.
Now: If you're a young American you've never heard about a thing called "The Great Tulip Mania." Dat cuz it happen' way long ago, an' duh skoolz don' teach nuffin' bout history, cuz dey use class time to teach duh wonderz of goin' tranny. SO...I'll teach ya.
Google "tulip mania." In the early 1600s in Holland, people went nuts over...tulips. People began paying huge amounts for bulbs that had been cultivated to produce new colors or color patterns. Things took off around 1634. Eventually gullible people were paying ten times the yearly income of a skilled craftsman for trendy new bulbs.
Three years later it all collapsed, virtually overnight.
Now: Read the Wiki article carefully. Notice how the authors repeatedly say "Dis' had no effect on duh Dutch economy."
Sure. Twenty years ago Wiki didn't say dat. But becuz Wiki is run by communists (I know, you can't believe that. Eventually you will), NOW they want you to believe that trillion-dollar annual deficits are "NO problem whatsoever, comrade! Yew can borrow four trillion bucks a YEAR forever, with no bad effects! Trust us!"
Starting to get it yet?
Nah, you almost certainly don't. So duh corrupt regime, and congress, will continue to spend four TRILLION per YEAR *more* than duh regime taketh in, and will be forced to borrow the rest if they wanna keep spending the money they're ORDERED to be spent.
"But don't worry, comrade! Regime and Media say dis all jus' fine!"
I think half the public is good. The other half are either stupid or evil demons. But in any case if you believe what the demons bleat, you're SO fucking stupid that you deserve what's coming.
And make no mistake: It's coming. It's theoretically possible to both delay and slightly soften the harsh punishment that infinite borrowing will exact on our nation, but only if we cut spending back to what the gruberment takes in.
Sadly, that will never happen. There are too many corrupt RINOs who vote to keep spending at astronomical levels, so they can get re-elected year after year. You could vote them out, except...elections are now routinely stolen, and no court cares to look.
Wheeeee!
And for the record: I'm a totally happy camper. Have a great life. But it's because I don't have kids. If I did, I'd be fighting like crazy to stop this monstrous gruberment so my kids and grandkids wouldn't suffer from what looks to be a certain reckoning. But hey, don't worry! Dis prolly just the delusions of some guy who can compute "natural logs" in his head. (No, I don't do that at parties.)
Source.
https://www.marketwatch.com/story/wall-street-braces-for-roughly-1-5-trillion-in-further-borrowing-needs-by-treasury-c54401f9?mod=mw_latestnews
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