5 years ago today;
The National debt stood at $9.9T, today it is $17.1T, up $7.2T or 73%.
Federal Spending was $2.7T against Revenues of $2.55T, Today it is $3.66T against revenues of $2.77T, up 37%.
The Deficit was $299B, or 2.15% Today it is $828B, or 5.5%
There were 13M unemployed, with a Labor Force participation rate of 66.7% Today there are 21.3M unemployed with an LFP of 63.3%, meaning an additional 10.9M are no longer looking for work.
The M1 supply was $1.2T, the M2 was $7.8T, and there was $573T in currency and derivatives.
TODAY the M1 is $3.6T, up 300%!
The M2 is $10.8T, up 39%
Currency and Derivatives stands at $687T, up more than $114 trillion dollars!
This is not only unsustainable, but utterly irresponsible. For those of you who mindlessly champion the clean CR's, and the unadorned debt limit increases YOU are cheering this Administration as they lead us to a financial nightmare vastly worse than that of the Weimar Republic. And we know how that screw up ended.
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