Treasury just dropped a financial bomb, but Bidenomics means the worst is yet to come. Biden spends the money we give him like a drunken sailor. As a direct result, and as predicted here before, we’ll be lucky if we can make it through 2024 without a recession. Here’re the bullet point facts to illustrate my point: (1.) The deficit for FY23 was $1.7 trillion (growing 23% in a single year because $879 billion was used to service the federal debt). (2.) Biden spent $6.1 trillion in FY23 but only took in $4.4 trillion. (3.) Instead of returning to pre-pandemic spending levels, Biden continued to spend our money as if the Chinese virus was still a crisis. I don’t know how to break it to you, but the way Biden’s government is doing it is like the guy that borrows $400 from you and, the day the loan comes due, calls and says, “I’ve got the money to pay you back, but I need $400 more, so if I DON’T pay you back, it’ll be like you’re givin’ me $400, and you won’t have to give me more.” If everybody ran their household budget like that, there wouldn’t be any room under the bridges for the bums because we’d all be there.
TwiceRetired.org - Commonsense Commentary
Common sense puts the money in your wallet. Use your vote to keep it there.
