President Joe Biden - Kamala Harris Administration

[Orangeburst]

Rose by 35% this year and in a couple of years will hit $1T

Interest Costs on the National Debt Are on Track to Reach a Record High

Borrowing costs have increased rapidly over the past year and will grow through the next decade.

www.pgpf.org

Americans owe $1 trillion in credit card debt

America’s credit card balance has passed $1 trillion, or it’s about to, depending on whom you ask. The average interest rate on a new card is 24 percent, the highest figure since …

thehill.com

debt contagion, more defaults, higher risks, higher rates…death spiral. and if a recession hits…
or it may already be happening by contagion. boiling frog style

 

[Orangeburst]

this is ****ed up..excuse my French

INTEREST COSTS WILL CONTINUE RISING THROUGHOUT THE NEXT DECADE​

CBO projects that annual interest costs will rise to a staggering $1.4 trillion in 2033. To contextualize that rapid growth, consider that the federal government spent about $1.3 billion per day on interest payments in 2022; by 2033, the nation will spend about $3.9 billion per day. Relative to the size of the economy, such costs would nearly double from 1.9 percent of GDP in 2023 to 3.6 percent in 2033. The previous high for interest relative to GDP in the post-World War II era was 3.2 percent in 1991; that ratio would be exceeded in 2030 under CBO’s calculations.

 

[Orangeburst]

if we had a 1.3B surplus everyday, we would have a world class infrastructure. All has been squandered.

 

[Orangeburst]

we have to borrow today to pay for yesterday..no problem at all according to some

 

[W.TN.Orange Blood]

 

[rekinhavoc]

Oil prices settle at 10-month high as Saudi, Russia extend supply cuts

Oil prices rose on Tuesday, lifted by expectations of an extension in supply cuts by leading OPEC+ producers.

www.cnbc.com

Oil Holds Near Highest Since November as OPEC+ Tightens Market

(Bloomberg) -- Oil steadied near its highest level since November in a thin holiday trading session as traders await production updates from OPEC+.Most Read from BloombergHuawei Teardown Shows Chip Breakthrough in Blow to US SanctionsWhy China Is Avoiding Using ‘Bazooka’ to Spur EconomyMercedes...

finance.yahoo.com

Damn I hope there is enough in the strategic reserve...oh wait!

 

[Orangeburst]

Oil prices settle at 10-month high as Saudi, Russia extend supply cuts

Oil prices rose on Tuesday, lifted by expectations of an extension in supply cuts by leading OPEC+ producers.

www.cnbc.com

Damn I hope there is enough in the strategic reserve...oh wait!

SA thinks Joe is a clown..a few years ago one would be concerned with a nuke arms race with Iran..now they are considering joining the same economic alliance. Lose oil trade in dollars, weapons sales. Good job Richard.

 

[rekinhavoc]

Americans Are Getting Crushed By Debt — And It May Just Get Worse

Average Americans are facing a mountain of debt as interest rates and payments continue to rise, with the debt burden potentially growing in the future.

dailycaller.com

 

[Orangeburst]

Americans Are Getting Crushed By Debt — And It May Just Get Worse

Average Americans are facing a mountain of debt as interest rates and payments continue to rise, with the debt burden potentially growing in the future.

dailycaller.com

just think..all this with a supposedly great economy..what does it look like when economy stalls?

 

[rekinhavoc]

Biden facing revolt from blue state Democrats over immigration crisis

President Biden is facing boiling tensions from officials in deep blue states and cities who are demanding more federal support on the immigration crisis.

www.foxnews.com

They are sanctuary cities in name only. They didn't expect to actually have to follow through.

 

[AM64]

I noticed that this administration is all about controlling what adults think and do, but give kids carte blanche to make decisions they don't understand. All this while there are state striking down harsher human trafficking punishments..

Probably because liberals think like kids. Everything should be free, get what they want all the time, and throw tantrums when things don't go their way. And when it all goes to crap, it's not their fault.

 

[rekinhavoc]

Biden’s ‘War Room’ Takes Shape As Impeachment Probe Looms | The Daily Wire

www.dailywire.com

Wonder who is paying them?

 

[AM64]

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www.axios.com

Federal deficit unexpectedly set to double this year​

$2T..my goodness.
oooooooof.

Remember the last war to end all "avoid government shutdown" wars a few months ago? Guess what; it's September and the "catastrophe" comes up again in December. That's some real fiscal management right there.

 

[AM64]

“To see this in an economy with low unemployment is truly stunning. There’s never been anything like it,” Furman said. “A good and strong economy, with no new emergency spending — and yet a deficit like this. The fact that it is so big in one year makes you think it must be some weird freakish thing going on.”

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www.washingtonpost.com

From August 2022 to this July, the federal government spent roughly $6.7 trillion while bringing in roughly $4.5 trillion. That represents a total increase in spending of 16 percent relative to last year and a 7 percent decrease in revenue, according to the Committee for a Responsible Federal Budget.


Something stinks in Denmark

The "weird freakish thing" is dems are in control and are the ones counting stuff. Dem math always means cooked books.

 

[rekinhavoc]

Pakistan Blames Biden’s Afghanistan Disaster for Surge of Terrorist Attacks

Anwaar-ul-Haq Kakar, caretaker PM of Pakistan, says Joe Biden's disastrous withdrawal from Afghanistan unleashed a wave of terrorism.

www.breitbart.com

" According to Kakar, Pakistani officials wanted the U.S. to make a “responsible withdrawal” from Afghanistan, and they specifically warned about the danger of leaving American military equipment behind for terrorists, insurgents, and the brutal Taliban regime to seize. Kakar said terrorists are now pulling off operations in Pakistan using U.S. military weapons and gear."

Joe getting more blood on his hands. Milley should be court martialed.

 

[AM64]

What a moron 81 million idiots elected to become our POTUS. He's so embarrassing.
This moron just leaves that dude up there all alone standing there to see what happens.
LMAO ..... Let's Go Brandon. Let's Go Brandon ..... go to your nursing home room ya jerk.

Did y'all know that Larry Taylor was born in Chattanooga, lives on Signal Mountain, and is a UT grad? The last picture in this article looks like a MOAA (Military Officers Association of America) dinner at the Walden Club.

Captain Larry L. Taylor | Medal of Honor Recipient | U.S. Army

 

[RavinDave]

SA thinks Joe is a clown..a few years ago one would be concerned with a nuke arms race with Iran..now they are considering joining the same economic alliance. Lose oil trade in dollars, weapons sales. Good job Richard.

SA ain’t skeered of Joe Biden.

 

[Majors]

Something about to happen…a lot of Biden Covid talk.

 

[W.TN.Orange Blood]

Something about to happen…a lot of Biden Covid talk.

 

[W.TN.Orange Blood]

Joe's crushing it w/his Bidenomics that's working for all Americans ... thanks, Joe.

 

[norrislakevol]

if we had a 1.3B surplus everyday, we would have a world class infrastructure. All has been squandered.

Many, many swamp creatures and their supporters have gotten rich on the backs of the American tax payer. It's that simple.

 

[Orangeburst]

Many, many swamp creatures and their supporters have gotten rich on the backs of the American tax payer. It's that simple.

i guess you heard hundreds of billions were stolen?

makes blood boil

Theft from the Covid relief plan known as PPP was even worse than we thought

The official in charge of Covid relief tells NBC News' Lester Holt that programs like PPP were structured in ways that were "an invitation" to fraudsters.

www.nbcnews.com

 

[CagleMtnVol]

He gone! It's time jack!

 

[W.TN.Orange Blood]

 

[norrislakevol]

i guess you heard hundreds of billions were stolen?

makes blood boil

Theft from the Covid relief plan known as PPP was even worse than we thought

The official in charge of Covid relief tells NBC News' Lester Holt that programs like PPP were structured in ways that were "an invitation" to fraudsters.

www.nbcnews.com

Covid was the perfect opportunity to steal trillions. Both sides are to blame. Funny thing is Democrats wanted even more money!