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MAGA: Any small issue with US debt and it'll be thermonuclear reaction
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  • Benefits

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  • "The federal budget has entered an unsustainable path, debts are growing faster than the economy. This, by definition, means unsustainability. This does not mean that the current level of debt is unacceptable. It is not. Our ability to service debt is not in question.

    We will fix the budget situation in the future. This is best done when the good times are back, the economy is full-time, and taxes start flowing. Now is not the time to prioritize this issue. "

    US Federal Reserve Chairman Jerome Powell

  • President Biden plans to unveil a plan for American families - the second part of his multibillion-dollar Build Back Better program - ahead of his speech at the 28th Joint Session of Congress.

    The new measure is expected to require roughly $1 trillion new spending and about $500 billion in tax breaks.

    While details are subject to change, the initiative is likely to be fully funded by a new tax hike aimed at wealthy Americans and investors.

    Spending in the plan for American families may be split along the following lines:

    • $225 Billion in Paid Family and Medical Leave
    • $225 Billion in Child Care Support
    • $200 Billion for Universal Early Childhood Education
    • "Hundreds of billions" to finance education
    • "Other amounts" for nutritional assistance

    How soon it will all implode and break, no one knowns, but it is not much time left.

  • I've lost counting...how many trillion' s by now 6 maybe 8 like m&m's... They are not stupid but big corporations are to greedy to see the fall that is patiently awaiting...

  • Prediction for 2025 from analytical firm dealing with defense sales (similar scenery assumed)

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    • US Population - down 70%
    • US Real GDP - down 91%
    • US defense budget - down 96%
    • US average individual salary purchase power - down 70%
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  • Quarterly federal budget deficit

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  • Things are really bad

    1. Over the past 12 months, the normalized monthly income of the US budget amounted to $ 309.8 billion, and expenses of $ 608.3 billion - or 196% of revenues.
    2. Adjusted for inflation, normalized budget revenues fell for 12 out of 13 consecutive months, with inflation starting to accelerate.
    3. The normalized US budget deficit is $ 298.1 billion, which is many times worse than the 2008 collapse.
    4. The size of the US debt pyramid increased from early September 2019 (when the Fed resumed QE) to December 2020 by $ 5716 billion, of which 52% of the increase was covered by the printing press.
    5. The long-term portion of the pyramid grew by $3124 billion over this period, with 73% being monetized by the printing press. In fact, the market for long-term T-bills ceased to exist and was replaced by the Fed's printing press.
  • Reverse REPO records due to huge money excess in banks

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  • FED balance reached important mark

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  • Salaries dynamics in US

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