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FORUM / MIKES GRIPES /  Biden Ignores fiscal time bomb

Biden Ignores fiscal time bomb

Started by Beeno13 REPLIES309 VIEWS· 15 Mar 2024, 07:57
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BE
Beeno1Captain40,032 posts
15 Mar 2024, 07:57
#1
15 Mar 2024, 07:57#1

One disagreement I have with this article is that they say te Biden Regime is incompetent. I think it's far worse than that. What you are seeing is tbe successful outcome of a Globalist  agenda designed to destroy America.

According to Globalist shill mozzietard everything is just dandy. With all the fighting going on ou Mozzietard is hoping for a very profitable year. And, with any  luck another Plandemic could happen this year boosting Big Pharma. Doubtless ou mozzietard will be "well positioned". 


Take a look. 


Fiscal time bomb.



CL
clevermikeCoach57,555 posts
15 Mar 2024, 08:45
#2
15 Mar 2024, 08:45#2

If there are three things that the US  Government - like many others in the world -  are  lying about it is inflation  and job creation - as well as GDP growth,   The Biden monthly job figures are always very high an then lowered to what it really was the following month.   If  fir instance the prices of a  food basket is compared to what it was the same month in 2023 the real figure in inflation will become clear.   .in practise the problem is emphasized  by the fact that there are 49 million people in the USA suffering  from food insecurity and is being  fed by foodbanks getting private sector welfare donations.   As  inflation goes up constantly the figure is likely to increaae to 60 million people by November 2024.     

The other Biden story  that the GDP is growing - but that growth is virtually totally due to Public Servant growth and new regulations that is a drain on the finances of  the count ry and add near to nothing to real growth in real GDP.    It is a trick used by Socialist Governments - like the Biden administration really is.    The negatives iro civil service salaries is a poison that feeds inflation because of a high level of incompetence in the Public Service.

When Reagan in the 1980's increased tax rates to combat inflation =- to hi surprise the amount of taxation income showed a decrease.in real Government income.   There is zero reason why Biden's ravings  about tax increases will not result in the same situation..       .   .                  

PL
PlumCaptain21,007 posts
15 Mar 2024, 08:55
#3
15 Mar 2024, 08:55#3
Well, PPI data came in hot.
0.6% when 0.3% was anticipated.
So the "transitory" inflation is headed up ...again.
How months to the election? 
CL
clevermikeCoach57,555 posts
15 Mar 2024, 09:35
#4
15 Mar 2024, 09:35#4

Plum

If it is comes in at 0.06% you can up the real figure to be 0.09% or higher.    . 

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