US Government Debt Soars to $34 Trillion in 15 Weeks, JPMorgan Warns of ‘Boiling Frog’ Scenario.

Sharing is Caring!

The Incredibly Ballooning US Government Debt Spikes by $1 Trillion in 15 Weeks to $34 Trillion. Interest payments threatening to eat up half the tax receipts may be the only disciplinary force left to deal with Congress. Is there a comeback from this?

Economists widely regard the Clinton surplus to be more of a function of a split congress that couldn’t pass anything, rather than any deliberate policy by the administration.

You can be sure, if they could get things passed, they would have spent every last cent, and then some.

See also  The media’s role as an extension of government is now undeniable.

AC


Views: 187

Leave a Comment

This site uses Akismet to reduce spam. Learn how your comment data is processed.