XPost: alt.tv.pol-incorrect, alt.fan.rush-limbaugh, alt.politics
miserable-failure
XPost: alt.politics.usa
From: skeeterweed@photonmail.com
In article , NoOne@private.corp
says...
>
> On 10/21/2024 8:05 PM, Ubiquitous wrote:
> > SUNNY HOSTIN: Would you have done something differently than
President
> > Biden during the past four years?
> >
> > KAMALA HARRIS: There is not a thing that comes to mind in terms of ?
> > and I?ve been a part of most of the decisions that have had impact.
> >
> > On Friday, the Treasury Department released a report showing the kind of
> > impact Harris is talking about. If nothing else does, it should cost her
the
> > election.
> >
> > The latest monthly Treasury report shows spending and revenues for the full
> > fiscal year 2024, which ended in September.
> >
> > Among the terrible results: The federal deficit topped $1.8 trillion in
2024
> > ? the third highest in history and eclipsed only by the two COVID-19 panic
> > spending years.
> >
> > That?s not for lack of revenues, which were up by nearly half a trillion
> > dollars this year. Spending under Biden-Harris this fiscal year climbed
more
> > than $617 billion ? a 10% increase.
> >
> > But the real shocker is the explosive growth in interest payments on the
> > national debt.
> >
> > These payments hit $882 billion in FY 2024, the Treasury report says.
That?s
> > a 35% jump from last year.
> >
> > And it?s $8 billion more than we spent on National Defense.
> >
> > https://i0.wp.com/issuesinsights.com/wp-content/uploads/2024/10/Screenshot-
> > 2024-10-19-at-9.51.20%E2%80%AFAM.png?resize=1024%2C673&ssl=1
> >
> > This marks the first time in our nation?s history that interest on the debt
> > has exceeded defense spending. And the gap is on track to rapidly widen ?
> > with the government spending $200 billion more in interest than in
protecting
> > America from her enemies by 2029.
> >
> > Why the massive run-up in interest costs? Blame Harris? tie-breaking votes
> > (something for which she routinely brags). Because of them, Biden-Harris
> > added trillions in new spending at a time when the economy had already
fully
> > recovered from the COVID-19 panic. That sparked a huge increase in
inflation,
> > which in turn drove up interest rates.
> >
> > More debt and higher interest rates meant a sharp increase in the cost of
> > financing that debt.
> >
> > https://i0.wp.com/issuesinsights.com/wp-content/uploads/2024/10/biden-
> > harris-interest.jpg?resize=1024%2C941&ssl=1
> >
> > How do we know Biden and Harris are to blame? Before they took office, the
> > Congressional Budget Office (CBO) projected net interest payments for the
> > next decade, based on the policies that Donald Trump had in place.
> >
> > The CBO said that, had Biden not spent us to the poorhouse, interest
payments
> > on the national debt this year would have been only $284 billion. (See
chart
> > above.)
> >
> > In other words, Harris and her tie-breaking votes are responsible for a
210%
> > increase in interest costs this year alone.
> >
> > What would Kamala Harris do about this terrible state of affairs if she
were
> > elected president? No one has bothered to ask her.
> >
> > But we do know that she wants to do exactly what she and Biden have already
> > done: add trillions of dollars of inflationary spending, impose
economically
> > ruinous tax hikes, and pile on still more growth-killing regulations.
> >
> > Harris is right about one thing. It is time to turn the page ? before it?s
> > too late.
> >
> > --
> > Let's go Brandon!
> >
> Before you do your rant, you really should look up how much of the debt
> is thanks to Trump.
No one cares.
--- SoupGate-Win32 v1.05
* Origin: you cannot sedate... all the things you hate (1:229/2)
|
