XPost: alt.fan.rush-limbaugh, alt.politics.economics, alt.politi   
   s.miserable-failure   
   XPost: alt.politics.usa   
   From: NoOne@private.corp   
      
   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.   
      
   --- SoupGate-Win32 v1.05   
    * Origin: you cannot sedate... all the things you hate (1:229/2)