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re: Honest thoughts about the current situation in America
Posted on 5/14/20 at 4:10 pm to ApexTiger
Posted on 5/14/20 at 4:10 pm to ApexTiger
Most of that is a distraction for the real issue.
$22T in debt, estimated $2-$3T extra spending to get people just through 2 months of quarantining. Imagine if this shite comes back in the Fall like the Spanish Flu did (or, worse, imagine if the hype is worse) and causes a shut-in through the Christmas season. That's another $2-$3T in more stimulus spending to keep people from being evicted and being able to afford food as well as trillions lost from lack of economic activity. In other words, we will have added close to $5T in deficit spending in one fricking year with far lower GDP than previous years.
THAT'S the current situation in America and what we may be looking at in our near future.
Hyper-inflation and poverty don't give a single, wet shite about political party or good intentions.
$22T in debt, estimated $2-$3T extra spending to get people just through 2 months of quarantining. Imagine if this shite comes back in the Fall like the Spanish Flu did (or, worse, imagine if the hype is worse) and causes a shut-in through the Christmas season. That's another $2-$3T in more stimulus spending to keep people from being evicted and being able to afford food as well as trillions lost from lack of economic activity. In other words, we will have added close to $5T in deficit spending in one fricking year with far lower GDP than previous years.
THAT'S the current situation in America and what we may be looking at in our near future.
Hyper-inflation and poverty don't give a single, wet shite about political party or good intentions.
Posted on 5/14/20 at 4:12 pm to Bard
quote:
Most of that is a distraction for the real issue.
abuse of power is not a distraction...
but yes, the debt skyrocketing while the economy implodes is beyond devastating and unnecessary.
every scientist that makes a prediction is wrong...
these fools blabbering today have not clue about the fall...
so why do they want to warn us?
meanwhile Nancy comes up with a 3 Trillion dollar bill?
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