Tag: Deficit Spending

JPMorgan CEO Issues Dire Warning About Biden Administration’s ‘Huge’ Deficit Spending

JPMorgan CEO Jamie Dimon issued warning for direction of U.S. economy sounding alarm about 1970s’ style stagflation fueled by Biden admin’s deficit spending.
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IMF Issues Warning to Biden Admin on Out-of-Control Deficit Spending

IMF sounded alarm on Biden’s high deficit spending, warning that its fiscal stance and ballooning public debt threaten to stoke inflation and financial chaos.

America’s Runaway Debt Scenario: $1 Trillion in Interest per Year

U.S. federal govt has borrowed so much money that, over past year, it spent one-fifth of all money it collected just on debt interest—almost $880 billion.
00:02:46

Treasury Just Dropped a Financial Bomb, but Bidenomics Means the Worst Is Yet To Come

The deficit for fiscal year 2023 was $1.7 trillion and Bidenomics means the worst is yet to come, and multi-trillion-dollar deficits are the new normal.

This $6 trillion problem threatens to push inflation even higher

Following 2008 financial crisis, Fed created trillions of dollars to keep banks afloat while Bernanke paid banks to park money at Fed and limit inflationary effects.
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Rand Paul Speaks Truth About U.S. Debt and Free Money

Rand Paul: We are rapidly approaching a milestone in our country and it's not a good one. We're rapidly...

Over 100 GOP US House Members Declare They Will Not Vote to Raise Debt Ceiling

Over 100 House Republican members declared that they will not raise the debt ceiling in a letter written to...