- My Forums
- Tiger Rant
- LSU Recruiting
- SEC Rant
- Saints Talk
- Pelicans Talk
- More Sports Board
- Fantasy Sports
- Golf Board
- Soccer Board
- O-T Lounge
- Tech Board
- Home/Garden Board
- Outdoor Board
- Health/Fitness Board
- Movie/TV Board
- Book Board
- Music Board
- Political Talk
- Money Talk
- Fark Board
- Gaming Board
- Travel Board
- Food/Drink Board
- Ticket Exchange
- TD Help Board
Customize My Forums- View All Forums
- Show Left Links
- Topic Sort Options
- Trending Topics
- Recent Topics
- Active Topics
Started By
Message
Powell: ‘The US is on an unsustainable fiscal path’
Posted on 2/5/24 at 5:00 am
Posted on 2/5/24 at 5:00 am
Yet they continue sending billions and billions to other countries like Ukraine and Israel.
These politicians are corrupt. We need more of the Rand Paul’s and Massies.
LINK
These politicians are corrupt. We need more of the Rand Paul’s and Massies.
quote:
“The U.S. federal government’s on an unsustainable fiscal path. And that just means that the debt is growing faster than the economy. So, it is unsustainable. I don’t think that’s at all controversial,”
quote:
The U.S. national debt topped $34 trillion for the first time ever in early January, just over three months after surpassing the $33 trillion mark, according to data released by the U.S. Treasury.
LINK
27
Posted on 2/5/24 at 5:04 am to Northwestern tiger
Even this guy calls out the frickery in DC. SMH.
Oh but Z is a hero and a great dictator er uh leader! He needs our support.
Oh but Z is a hero and a great dictator er uh leader! He needs our support.
Posted on 2/5/24 at 5:29 am to Northwestern tiger
They want a collapse.
Posted on 2/5/24 at 5:30 am to Northwestern tiger
Certain people here will scoff and say it means nothing.
Posted on 2/5/24 at 5:57 am to Northwestern tiger
Is he suggesting that printing money out of thin air is not a sustainable monetary policy? What a hard-crank kook!
This post was edited on 2/5/24 at 5:58 am
Posted on 2/5/24 at 5:58 am to Northwestern tiger
quote:
Powell: ‘The US is on an unsustainable fiscal path’
No shite, Sherlock.
Posted on 2/5/24 at 6:12 am to Northwestern tiger
quote:
Powell: ‘The US is on an unsustainable fiscal path’
Anyone with a brain has been screaming about this for 20+ years.
He can’t just say now that it’s unsustainable. frick him. At this point, I hope the mf collapses
Posted on 2/5/24 at 6:16 am to Northwestern tiger
The most unsurprising thing ever.
The floor is being raised, we're not climbing faster than the system is rising. You cannot continue to artificially grow the economy through borrowed money.
We are practicing MMT right now.
The floor is being raised, we're not climbing faster than the system is rising. You cannot continue to artificially grow the economy through borrowed money.
We are practicing MMT right now.
Posted on 2/5/24 at 6:20 am to Northwestern tiger
Jerome Powell: Full 2024 60 Minutes interview transcript aka Scott Pelley implores, begs, cajoles Powell to cut rates for Biden.
Posted on 2/5/24 at 6:21 am to Northwestern tiger
quote:
The U.S. national debt topped $34 trillion for the first time ever in early January, just over three months after surpassing the $33 trillion mark, according to data released by the U.S. Treasury.
If every single tax payer paid the US govt 250k, our debt would be gone for a total of 1/100th of a second.
It goes up roughly 100k every 5 or 6 seconds.
Posted on 2/5/24 at 6:40 am to Northwestern tiger
I watched the 60 Minutes interview last night.
The NWO Globalist marxist socialist progs have succeeded .... this country is done. No country can survive what they have done to us financially.
Chaos will eventually ensue.
The NWO Globalist marxist socialist progs have succeeded .... this country is done. No country can survive what they have done to us financially.
Chaos will eventually ensue.
Posted on 2/5/24 at 7:07 am to Northwestern tiger
Yep, the UniParty has stolen all the money. All the money in Social Security (it's just a Ponzi scheme now). They've drained massive amounts of money from our Defense Budget. The DOD is paying for gender transition surgery now. Absurdity et lunacy.
Unsustainable spending on steroids.
Unsustainable spending on steroids.
Posted on 2/5/24 at 7:09 am to Northwestern tiger
So vote Biden
Posted on 2/5/24 at 7:09 am to Northwestern tiger
Not defending Powell or the Fed in the slightest, but he/it controls Monetary policy, which is only one half of the equation (and half the problem, for sure...but only half).
Fiscal policy (taxing/spending) is the other half.
Monetary and Fiscal policy can work together (expansionary+expansionary or contractionary+contractionary), cancel each other out (contractionary+expansionary), or one can overpower the other (contractionary+EXPANSIONARY).
Right now, we have the latter. Rates have to go to double digits at a minimum or the government is going to keep lighting money on fire.
Fiscal policy (taxing/spending) is the other half.
Monetary and Fiscal policy can work together (expansionary+expansionary or contractionary+contractionary), cancel each other out (contractionary+expansionary), or one can overpower the other (contractionary+EXPANSIONARY).
Right now, we have the latter. Rates have to go to double digits at a minimum or the government is going to keep lighting money on fire.
Posted on 2/5/24 at 7:14 am to Northwestern tiger
I’ll take “No shite” for 34T, Alex.
Posted on 2/5/24 at 7:14 am to Northwestern tiger
Ya frickin think? What was your first clue?
Posted on 2/5/24 at 7:51 am to Northwestern tiger
National debt grew by just over $1 trillion in a little more than three months. This is going to get really ugly soon.
Posted on 2/5/24 at 8:52 am to Northwestern tiger
Powell was telling the American people that the Federal Reserve isn't the bad guys, we are simply the enablers for the Federal government's out of control deficit spending and eventual financial collapse of the US.
There isn't a legitimate bank in existence who would loan any customer money if a balance sheet like the US federal government was a determining factor.
There isn't a legitimate bank in existence who would loan any customer money if a balance sheet like the US federal government was a determining factor.
Posted on 2/5/24 at 9:01 am to Northwestern tiger
You don't say...
Posted on 2/5/24 at 9:17 am to Northwestern tiger
He's saying nothing new. It's been said for years and years, yet here we are.
We all know the definition of insanity. Hoping that anything will change to remedy the problem, is.... well.... Insane.
Unfortunately, it appears that the only remedy will be AFTER the present DC system and bureaucracy causes itself to be burned to the ground. Terrible in the short term but necessary for long term survival of our nation.
We all know the definition of insanity. Hoping that anything will change to remedy the problem, is.... well.... Insane.
Unfortunately, it appears that the only remedy will be AFTER the present DC system and bureaucracy causes itself to be burned to the ground. Terrible in the short term but necessary for long term survival of our nation.
Page 1 of 2
Popular
Back to top
Follow TigerDroppings for LSU Football News