Treasury just dropped a financial bomb, no on noticed.

E

Earl

Well-known member
Treasury just dropped a financial bomb, no on noticed.

With all the death and destruction that the US could have prevented we missed that treasury is telling us that Bidenomics has destroyed the country. Note, this is really scary coming from MSN.

With all the chaos and heartbreaking loss of life around the world today, few noticed the Treasury Department drop a financial bomb: the deficit for fiscal year 2023 was $1.7 trillion, growing 23 percent in a single year as the Treasury used $879 billion just to service the federal debt.

But Bidenomics means the worst is yet to come, and multi-trillion-dollar deficits are the new normal

Treasury just dropped a financial bomb, but Bidenomics means the worst is yet to come (msn.com)

https://www.msn.com/en-us/money/new...&pc=U531&cvid=39dc22d7ae5340768835393b352ad9d
 
Earl said:
Treasury just dropped a financial bomb, no on noticed.

With all the death and destruction that the US could have prevented we missed that treasury is telling us that Bidenomics has destroyed the country. Note, this is really scary coming from MSN.

With all the chaos and heartbreaking loss of life around the world today, few noticed the Treasury Department drop a financial bomb: the deficit for fiscal year 2023 was $1.7 trillion, growing 23 percent in a single year as the Treasury used $879 billion just to service the federal debt.

But Bidenomics means the worst is yet to come, and multi-trillion-dollar deficits are the new normal

Treasury just dropped a financial bomb, but Bidenomics means the worst is yet to come (msn.com)

https://www.msn.com/en-us/money/new...&pc=U531&cvid=39dc22d7ae5340768835393b352ad9d
Click to expand...





I guess we can just get up every morning, drink coffee, put our dicks on straight and try to make it through armageddon one day at a time.
:cheers:
 






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“This report shows that, as the Biden administration policies have driven a historic economic recovery, we’ve also been building the economy we need for the long term — one that allows all communities to reach their economic potential,” Deputy Treasury Secretary Wally Adeyemo said in a news release.
According to the report, President Joe Biden’s 2021 American Rescue Plan “effectively delivered resources and aid” to historically underserved communities, which helped the economy recover more quickly than in previous downturns…

[FONT=&quot]Here are seven key takeaways from the Treasury Department report:[/FONT]

  • From 2019 to 2022, median wealth (adjusted for inflation) for Black, Hispanic and white families rose 60%, 47% and 31%, respectively. These three-year gains were “some of the largest” in the history of the Survey of Consumer Finances and stood “in stark contrast” to the three years following the onset of the Great Recession when real wealth fell for all three groups.
  • Within 20 months after the COVID recession peak, both Black and Hispanic unemployment rates were lower than they were at the same time in previous recoveries and have stayed lower through the most recent data.
  • The employment rate gaps between different ethnic groups have “closed substantially” and are now near their historic lows.
  • During the COVID recession and recovery, the three-year growth rate of real earnings for full-time workers was 4% for Black workers and 2.4% for Hispanic workers.
  • Foreclosure rates have “remained low” in the COVID recession and recovery in contrast to the Great Recession when they spiked.
  • Between 2019 and 2022, Black, Hispanic and white homeownership rates rose 2.9, 1.2 and 1.1 percentage points, respectively. This happened despite interest rate increases that have contributed to record-high mortgage rates. In comparison, homeownership rates fell over the Great Recession and rose by less for Black and Hispanic households in the 2001 recession and recovery.
  • Black and Hispanic rates of business ownership have risen by 6.2 and 2.8 percentage points, respectively, to their highest recorded readings at 11% and 9.8%. These were the largest increases seen in the history of the Survey of Consumer Finances.”

    https://finance.yahoo.com/news/stimulus-checks-child-tax-credit-140652958.html

 
I guess we should tell everyone that all the financial struggles and other problems are just all their imagination...
 
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