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What is this US government debt the news been talking about lately?

Broache73 · 46-50, F
https://youtu.be/xttBEfaqsDg

Today, The American Public, Taxpayers, and Consumers aren’t really asking Government to fight Inflation. They want Uncle Sam to hand them Money to mitigate the pain of rising prices. Ironically, those disastrous "Stimulus Payments" during the Pandemic is one of the contributing factors for the high prices to begin with.

The Federal Reserve pumped over $3 Trillion into the Bubble Economy after the 2008 Financial Crisis throughQuantitative Easing stimulating Credit creation with 0% Interest Rates lasting a decade. During the Pandemic, the Fed doubled down, pumping $5 Trillion into the Bubble Economy and dropping rates to 0% again.

The US Government exacerbated the situation during the Pandemic by handing out three rounds of Stimulus Money, along with other Aid. This enabled Consumer spending even though they were home playing Xbox and producing nothing. With more Dollars chasing fewer Goods and Services, a massive spike in Consumer prices was entirely predictable.
October CPI came inat 8.2% on an annual basis. Meanwhile,Wages aren’t keeping up with rising prices. Real average hourly earnings decreased by 3.0%.

It’s no wonder Voters are clamoring for more Stimulus, it'll only make the situation worse. In the first place, it'll put more Dollars in Consumer hands without any corresponding increase in the supply of Goods and Services, a recipe for even more price increases. A Dollar and Sovereign Debt Crisis are inevitably and dangerously becoming fruition.

Furthermore, the US Government DOESN'T HAVE ANY MONEY.It runs a $1.3 Trillion Budget Deficit. In order to pay Government Benefits, Pensions, and hold together the Entitlement System, the Government has to borrow more Money. The Treasury Market is already reeling due to rising Interest Rates. Ultimately, the Federal Reserve would almost certainly have to monetize new Debt with more Quantitative Easing. The only other alternative would be to let Interest Rates soar, making the interest payments on the Sovereign Debt higher.

Stimulus Payments might've provided a little temporary relief, they ultimately made Inflation worse and prices will rise higher in the future. Most Americans don’t understand basic Economics, Inflation, nor Math. They’re struggling and they want Government to “make it better.” The problem is the Government never makes it better. You never get more Government for free. YOU ALWAYS PAY.

You’re paying for your "Big Government today throughthe Inflation Tax. If you get "Government Money" tomorrow, that'll mean an even bigger Inflation Tax tomorrow.
Convivial · 26-30, F
Because they have reached the legal limit they can borrow... Next is unpaid wages, unless the debt ceiling is raised and that's where politics and quid pro quo comes into the picture
Dysfunction for the US, war forever! It's bipartisan victory.

 
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