The federal debt continues to climb to unprecedented levels, but the “actual, true” debt is higher if the Treasury weren’t being drained, a national economist says.
Citing Bureau of the Fiscal Service data, E. J. Antoni, Ph.D., an economist at the Heritage Foundation, argues that as the federal debt increases, the “true daily deficit” is being masked by the amount of cash being drained from the U.S. Treasury by Treasury Department Secretary Janet Yellen.
ReplyDeleteCan't wait till it takes 4 billion of the once great Yankee green-backs to buy a loaf of white bread. Add another 500,000 for whole wheat.
They can make a heck of a lot of money by selling the white house to the highest bidder.
ReplyDeleteOops.
What are you saying?
It has been sold since January 2021, but not to benefit the country.
Gotit.
While this is a good article, as usual from Tenn. Starr, the real debt is about ten times the stated $34.5T when including the unfunded liabilities of Social Security and Medicare/Medicade which are being given away for free to the millions of invaders currently residing here whose number is growing by leaps and bounds.
ReplyDeletenemo
They give it away because it isn't worth anything anymore. The rest of us will come to realize that very soon. Enjoy "America" life for the short time it has remaining.
Delete#1 - The Wheel Of Misfortune
ReplyDeleteI believe federal debt is always higher then we are told in every country
ReplyDeleteCant wait to i can tell women im a billionaire and offer to take them out to a million dollar dinner at olive garden
ReplyDeleteAnd we borrow money from? Yellow (not a typo) is scared to say "NO". We the people say no more spending... The national debt enables the federal government to pay for important programs and services for the American public,” it adds. I can think of a LOT of services that do not need govt funding... DC is nothing but pimps...
ReplyDeleteDeplete the Strategic Petroleum Reserve and deplete the treasury; setting the US up for failure, Thanks Joe !!
ReplyDelete