Read the Beforeitsnews.com story here. Advertise at Before It's News here.
Profile image
By Philstockworld (Reporter)
Contributor profile | More stories
Story Views
Now:
Last hour:
Last 24 hours:
Total:

Fabulous Friday – Biden Throws Another $6Tn onto the Fire

% of readers think this story is Fact. Add your two cents.


Free Money Friday – Biden Pledges Another $1.9Tn for the Bonfire - Phil DavisIt’s not about the money…  It’s about sending a message.

And the message is:  MORE FREE MONEY!!!  That’s right, if you liked stimulus and even more stimulus, you’re going to love even more than that stimulus with a $6Tn budget that will put us another $2.5Tn (10% of our GDP) in debt this year.  That allows the Biden Administration to continue to forecast 6% growth in GDP and it only costs them 10% of our GDP to buy it – what a bargain!

Sure a pessimist might say “But doesn’t that mean our GDP is actually -4%?” but we don’t invite those people to our maskless parties, do we?  No, we’re looking at the positives as we kick off the summer so who cares if Biden has to buy himself an economy by increaing the National Debt by 10% in one year – that growth looks like real corporate profits and no one seems to care where they come from, so why should we? 

My daughter Madeline is an artist and she sells work on-line and I asked her why doesn’t she turn some of her art into NFTs and she refused to do it because she’s concered about the environmental impact.  And I don’t mean in some vague, non-informed way - she was quoting me statistics about energy consumption, etc. and she simply doesn’t want to make money harming the environment and I reminded her that Keynes said “In the long run – we’re all dead” but that didn’t go over well and I was thinking about the problem of explaining to people that there are right and wrong ways to make money – but that kind of gets lost in the shuffle when you need to make that money to feed your family, right?  

I think Biden is doing a lot of things right in his Budget (full details come out today) and we are actually investing in the future, not just giving money back to the top 1% as Trump did in his $4.7Tn budget last year.  Of course, Trump’s budget included $1.5Tn in cuts to Medicaid and $845Bn in cuts to Medicare,

Provided courtesy of Phil’s Stock World.

To read the rest of this article now, along with Phil’s live intra-day comments, live trading ideas, Phil’s market calls, additional member comments, and other members-only features – Come to the winning side at Phil’s Stock World by clicking here.

To sign-up for a free trial membership, click here.



Source: https://www.philstockworld.com/2021/05/28/fabulous-friday-biden-throws-another-6tn-onto-the-fire/?utm_source=beforeitsnews&utm_medium=feed&utm_campaign=psw-feeds&utm_content=article-link


Before It’s News® is a community of individuals who report on what’s going on around them, from all around the world.

Anyone can join.
Anyone can contribute.
Anyone can become informed about their world.

"United We Stand" Click Here To Create Your Personal Citizen Journalist Account Today, Be Sure To Invite Your Friends.

Please Help Support BeforeitsNews by trying our Natural Health Products below!


Order by Phone at 888-809-8385 or online at https://mitocopper.com M - F 9am to 5pm EST

Order by Phone at 888-388-7003 or online at https://www.herbanomic.com M - F 9am to 5pm EST

Order by Phone at 888-388-7003 or online at https://www.herbanomics.com M - F 9am to 5pm EST


Humic & Fulvic Trace Minerals Complex - Nature's most important supplement! Vivid Dreams again!

HNEX HydroNano EXtracellular Water - Improve immune system health and reduce inflammation

Ultimate Clinical Potency Curcumin - Natural pain relief, reduce inflammation and so much more.

MitoCopper - Bioavailable Copper destroys pathogens and gives you more energy. (See Blood Video)
Oxy Powder - Natural Colon Cleanser!  Cleans out toxic buildup with oxygen! 
Nascent Iodine - Promotes detoxification, mental focus and thyroid health.
Smart Meter Cover -  Reduces Smart Meter radiation by 96%!  (See Video)

Immusist Beverage Concentrate - Proprietary blend, formulated to reduce inflammation while hydrating and oxygenating the cells.

Report abuse

    Comments

    Your Comments
    Question   Razz  Sad   Evil  Exclaim  Smile  Redface  Biggrin  Surprised  Eek   Confused   Cool  LOL   Mad   Twisted  Rolleyes   Wink  Idea  Arrow  Neutral  Cry   Mr. Green

    MOST RECENT
    Load more ...

    SignUp

    Login

    Newsletter

    Email this story
    Email this story

    If you really want to ban this commenter, please write down the reason:

    If you really want to disable all recommended stories, click on OK button. After that, you will be redirect to your options page.