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POTUS 46.10: A New Hope

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Kepler said:
The Fed is chartered to both watch inflation and unemployment. But since Greenspan it's been strictly a tool for Wall Street. They cut the people of this nation loose, just like their buddies.

A wasted half century.

ft_2022.04.20_middleclass_topic.png
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I like all the videos from the 'this is not investment advice' YouTube community with the headlines "News from the Fed is GREAT for stocks!!!" No shit, Sherlock.
 
Why does Biden look like Ben Stiller's character in Starsky and Hutch? Do it, do it!

On a somewhat related note, Grover Cleveland's grandson lives in my town. Spitting image.
 
Biden proposed a budget today which would increase the national debt $17T over the next 10 years. Default is going to be a lot of fun if we make it that far.
 
LynahFan said:
You mean the page that, in black-and-white, shows that the President's budget reduces the debt by $1.033T over 2024-2028 and by $2.857T over 2024-2033?

THAT page?
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Lol, look again. Every year the deficit is over a trillion dollars. This plan significantly increases the debt versus a balanced budget.
 
Drew just can't seem to figure it out. Yes, the federal debt is gonna grow. His choice is, does he want it to grow by 20T, or 17T?

Cause if Biden does nothing, proposes to keep spending and taxation exactly the way it is today, right now, the the debt is gonna increase by $20 trillion. See, this is what happens when stupid people think they know more than those in charge of these things. You know, like Trump supporters.
 
Drew S. said:
Lol, look again. Every year the deficit is over a trillion dollars. This plan significantly increases the debt versus a balanced budget.
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You know what else? It increases debt more than the fantasy land where revenue exceeds expenditures by $1T each year. Or the one where revenue exeeds expenditures by $2T. Balanced budget every year for the next 10 years is every bit as stupid of a benchmark to use for comparison.
 
Here is what your Speaker of the House had to say on the subject.

President Biden just delivered his budget to Congress, and it is completely unserious. He proposes trillions in new taxes that you and your family will pay directly or through higher costs. Mr. President: Washington has a spending problem, NOT a revenue problem.
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https://twitter.com/SpeakerMcCarthy/status/1633882237182803969

The only way this is accurate is if they KEEP all the Social Security and Medicare/Medicaid taxes they collect and STOP paying out Social Security and Medicare to anyone. This and all Republicans is why we cannot have nice things in America. They only have two goals.

1. Give Rich White Men more money.
2. Give Rich White Men more power.

That is their entire reason for existing. Nothing more, nothing less.
 
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