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The Nation’s Fiscal Crisis Just Got Real

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Posted By: RockyTCB, 9/6/2023 6:54:01 AM

Over the weekend, the Washington Post let it slip that all is not well in Bidenomicsville. The deficit, it reports, could end up hitting $2 trillion when the current fiscal year ends in three weeks, which it describes as an “unexpected deficit surge.” In other words, the deficit will nearly double this year, calling the lie on one of President Joe Biden’s favorite boasts about how he cut the deficit more than any president in history. But while this apparently comes as a shock to the Post, as well as other liberal news sites that picked up on the Post report, anyone paying attention knew this was happening.

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Reply 1 - Posted by: snapper451 9/6/2023 7:33:35 AM (No. 1550288)
But,,,,,,,,, Dementia Joe always gives that creepy whisper and says "...I cut the deficit by $1.7 trillion..."
6 people like this.

Reply 2 - Posted by: Strike3 9/6/2023 7:40:27 AM (No. 1550295)
It's one thing to create a two trillion dollar deficit. It's quite another level of stupid for it to be unexpected.
19 people like this.

Reply 3 - Posted by: Bur Oak 9/6/2023 7:47:00 AM (No. 1550300)
The fiscal crisis isn't real to the Deep State because they are rich and getting richer at the expense of the middle class.
17 people like this.

Reply 4 - Posted by: nwcudagal 9/6/2023 7:59:42 AM (No. 1550307)
I thought the Carter years were bad.
10 people like this.

Reply 5 - Posted by: Avikingman 9/6/2023 8:20:51 AM (No. 1550315)
"just got real?" Someone been in a coma?
14 people like this.

Reply 6 - Posted by: Venturer 9/6/2023 8:27:20 AM (No. 1550320)
They will just print more money and speed up the process of other countries in not accepting it. When other countries refuse our Confederate money the nasty stuff will hit the fan.
11 people like this.

Reply 7 - Posted by: LC Chihuahua 9/6/2023 8:31:23 AM (No. 1550323)
Our government seems to think they can ignore the debt, kick it down the road, and nothing will happen. The reality check is about to hit in a big way. Go ahead Washington. Go ahead and print some more worthless dollars. Bunch of corrupt tyrants whose only thought is to enrich themselves. Don't ever call them a government. They never govern.
10 people like this.

Reply 8 - Posted by: NamVet70 9/6/2023 9:29:37 AM (No. 1550376)
The real problem is the ration of the debt to the economy as measured by GDP. The deficit is the growth of the debt, which is horrible but the reduced GDP in the Biden economy is also a huge part of the problem. The only solution the Democrats can think of is to print more money.
6 people like this.

Reply 9 - Posted by: Jethro bo 9/6/2023 10:01:47 AM (No. 1550405)
This has been brewing for decades. It took Diaper Joe and his minions to push it over the cliff. I do feel for the youth of this nation that feel so privileged and unaccountable. Their anything goes with false self esteem and a participation trophies is about to be jerked from their baby soft hands. We will see if any of them have the right stuff to become the 2nd greatest generation.
5 people like this.

Reply 10 - Posted by: stablemoney 9/6/2023 10:16:12 AM (No. 1550412)
High interest rates and inflation has decreased asset values and the value of money. Only the government is expanding in size, as the government takes in taxes and 100% of the income produced each year. The private sector gets smaller every year, and without any money to invest, there is no growth in the economy, and a declining standard of living for every American. Meanwhile, Biden's newly created jobs are all government featherbed jobs and nonproductive. The government is bloated, while regular Americans starve.
4 people like this.

Reply 11 - Posted by: red1066 9/6/2023 12:32:32 PM (No. 1550508)
What do you mean, JUST.
1 person likes this.

Reply 12 - Posted by: JimBob 9/6/2023 11:41:51 PM (No. 1550877)
Three quotes applicable to today's Federal deliberate mismanagement of the American economy: -"the best way to destroy the capitalist system [is] to debauch the currency." Vladimir Illyich Lenin, -"The way to crush the bourgeoisie is to grind them between the millstones of taxation and inflation." Vladimir Lenin. -"How did you go bankrupt?" Bill asked. "Two ways," Mike said. "Gradually and then suddenly." from Ernest Hemingway's 1926 novel, The Sun Also Rises.
0 people like this.

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