The spending (23% of the GDP) outpaces the revenue. Hence the reason the FY2023 defect is 1.7 trillion dollars. This year the interest on the national debt will be over 1 trillion dollars. Which is 15% of the federal budget. The US has a spending problem.
The spending (23% of the GDP) outpaces the revenue. Hence the reason the FY2023 defect is 1.7 trillion dollars. This year the interest on the national debt will be over 1 trillion dollars. Which is 15% of the federal budget. The US has a spending problem.
Spending outpaces revenue because of the republican tax cuts on the wealthy, which have taken place during every republican presidency since Eisenhower. Spending is investing. Investing is not a problem, except to conservatives. Investing is action; conservatism is doing nothing and letting existing social problems fester. I will pick action over inaction every day. VOTE BLUE! IT WORKED IN OHIO!!
And the nation is healthier and the economy more robust than it's been over the last several years. Anybody who wants to work has a job; lead water lines, leaky sewer lines, unstable bridges are all being replaced; internet access is being extended to rural areas; roads are being repaved. The Federal Reserve had to increase interest rates to throttle prosperity, in spite of the inflation caused by the fossil fuel cartel gouging the general population to the tune of record profits. Are these the "problems" you refer to that are supposedly caused by government spending? If they are, then I want more of these types of "problems"! The Biden administration is solving real problems through wise and prudent spending. More power to them!
Oh, and by the way, Ted, the $1.7 trillion is a "deficit", not a "defect". Better work on your English language skills, comrade.
If the economy is so great, why is Joe Biden polling so low in this area? Face, JoeFlation has hurt the average family. The average family pays an extra $709 monthly in expenses under Joe Biden. In 2022, the average 401K lost 20%. People like you tell them you don't believe your lying eyes; everything is excellent.
The spending (23% of the GDP) outpaces the revenue. Hence the reason the FY2023 defect is 1.7 trillion dollars. This year the interest on the national debt will be over 1 trillion dollars. Which is 15% of the federal budget. The US has a spending problem.
Spending outpaces revenue because of the republican tax cuts on the wealthy, which have taken place during every republican presidency since Eisenhower. Spending is investing. Investing is not a problem, except to conservatives. Investing is action; conservatism is doing nothing and letting existing social problems fester. I will pick action over inaction every day. VOTE BLUE! IT WORKED IN OHIO!!
ThatтАЩs not even true. The defect is 1.7 trillion.
And the nation is healthier and the economy more robust than it's been over the last several years. Anybody who wants to work has a job; lead water lines, leaky sewer lines, unstable bridges are all being replaced; internet access is being extended to rural areas; roads are being repaved. The Federal Reserve had to increase interest rates to throttle prosperity, in spite of the inflation caused by the fossil fuel cartel gouging the general population to the tune of record profits. Are these the "problems" you refer to that are supposedly caused by government spending? If they are, then I want more of these types of "problems"! The Biden administration is solving real problems through wise and prudent spending. More power to them!
Oh, and by the way, Ted, the $1.7 trillion is a "deficit", not a "defect". Better work on your English language skills, comrade.
If the economy is so great, why is Joe Biden polling so low in this area? Face, JoeFlation has hurt the average family. The average family pays an extra $709 monthly in expenses under Joe Biden. In 2022, the average 401K lost 20%. People like you tell them you don't believe your lying eyes; everything is excellent.
https://www.cnn.com/2023/08/11/economy/inflation-rate-spending/index.html
https://www.bloomberg.com/news/articles/2023-02-23/saving-for-retirement-401-k-account-lost-21-of-value-in-2022
Oh, and by the way, Ted, the $1.7 trillion is a "deficit", not a "defect". Better work on your English language skills, comrade.
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OMG...OMG...