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Bruce Miller's avatar

Biden's budget is almost $7 trillion. Note that, before Covid spending hit. Trump's was at $4 trillion.

This is lunacy Don't blame the Fed for this. They didn't help by keeping interest rates abnormally low and pushing people into riskier investments but we have a government which is reckless and insane. Our national debt is at $31.6 trillion. This is breathtakingly stupid.

No surprise when America is led by a corrupt, senile imbecile. If the adults really took charge, the party would be over. And still maybe not in time.

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Lynne Morris's avatar

But he is right that it is all on the voters. Republicans gave up fiscal responsibility after Bush I. Too many people vote themselves perceived largesse. The most recent example being student loan forgiveness. We have literally destroyed financial ethics and well-being.

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Mar 25, 2023
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Bruce Miller's avatar

First, why don't we stop spending? And borrowing. Then we can have a serious discussion about tax policy and how best to raise revenue.

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Lynne Morris's avatar

That is an attempt at humor right?

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Mar 25, 2023
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Lynne Morris's avatar

In my opinion it is un-American to allow the federal government to write blank checks and demand the citizenry cover them. And who exactly should be taxed? The well is pretty much dry. The economy is stagnant and being outpaced by inflation. We have very high rates of homelessness. We have millions of new residents who cannot provide for themselves. San Francisco is trying to give all its wealth away as reparations. California has a huge budget deficit. The situation with SVB demonstrates the squeeze the Federal Reserve is under - it cannot control inflation without risking bank runs. The Democasts, particularly President Biden, refuse to even discuss spending cuts. The $32,000,000,0000,000 budget deficit is made worse by higher interest and a sluggish economy. The only source of increased taxes are very wealthy people and corporations. Tax them too much and they will leave the country the way they are fleeing California now. You owe $90,000+ as your part of that $32,000,000,000,000.

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Mar 26, 2023
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Lynne Morris's avatar

I have no suggestions for one who aspires to high taxes and artistic struggle. Good luck with that.

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Mar 26, 2023
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Lynne Morris's avatar

Well that explains it. Bless your heart.

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