As Congress debates their $3.5 trillion spend-a-thon and their human infrastructure bills, we need to bear in mind that while US Treasury debt is at $28.863 trillion (and growing really fast), the US has promised $157.738 TRILLION in unfunded benefits such as Social Security and Medicare.
And mandatory spending (aka, entitlements) is projected to keep on growing while discretionary spending has flat-lined.
With this disaster unfolding, US Treasury has found the time to issue a new quarter with Anna May Wong’s name and likeness. Who is Anna May Wong? The first notable Chinese-American actress in Hollywood.
At least it wasn’t Mao Zedong on the quarter. Or Anthony Fauci.
Here is Treasury Secretary Janet Yellen’s solution to the massive disconnect between the current outrageous government debt load and the entitlements promised by Congress. Other than a new quarter.
- Stanford business study shows bank values are actually $2trillion lower than book value
- Fifty More US Banks on the Verge of Failing
- Putin Announces Agreement for the Yuan to Become the New Global Reserve Currency
- Incredibly Good Article in The Economist About the Banking Crisis
- Are They Actually Trying To Crash The Economy On Purpose?
- UBS may bail out of the Credit Suisse deal, too many issues.
- UKRAINE WAR ENDING?
- To the moon! The interest payments of the US Government as old debt is rolled into new one.
- The UN Moves to Take Control of ALL Water
- Elon Musk responds to Biden’s bullshit nationalization of land in Texas
Views: 3