Random Thought Thread

Correct me if I'm wrong.

22 percent of the dollars that are in existence today have been created in 2020.
Maybe that refers to a measure of the money supply, I'm not sure.
The US national debt has increased 17.6% in the past 12 months, largely due to trillions of dollars of COVID relief. :eek::(:mad:

https://www.statista.com/statistics/273294/public-debt-of-the-united-states-by-month/
https://www.truthinaccounting.org/a...MIpruiz8XH7AIVCHiGCh30iQTMEAAYASAAEgK6R_D_BwE
 
Makes campaign funds seem like a drop in the bucket... but, think what could be done with that money over a period of years
Yeah, if a big chunk of the campaign money was spent on food and clothing for the truly needy (as opposed to those who are too lazy to work), it would make a big difference!

So, our buying power has dropped 17.4 percent in 12 months.
Everything's fine.
I would not say the increase in the debt translates 1:1 into the same loss in buying power, but this level of debt is not good! A country cannot increase debt forever without eventual dire consequences – Venezuela is a good example of this. The US needs to cut spending to help reduce the debt (and I would say drastically cut/eliminate frivolous spending).
 
SEBjkG1.mp4
 
Last edited:
Back
Top