On its face, the economy seems to be OK again. After an unprecedented glut of spending and a resulting inflation crisis, employment has kept up while investors downgrade their risk of recession.
that much of that labor force decline resulted from the boomers cashing in on the government-engineered housing boom during the height of the pandemic, concluding that if"housing returns in 2021 would have been equal to 2019 returns, there would have been no decline in the labor force participation of older Americans."
This brings us to the ways in which the government ramped up its rigging of the game and how we will continue to feel the consequences in unprecedented ways. As inflation, which remains more than three times what the Fed will tolerate, continues tohouseholds an average of five figures by the year, the White House continues to fight the Fed.
Despite Biden's boasts about supposedly reducing the deficit, literally all of that reduction is due to pandemic appropriations expiring. The 2022 deficit was $1.4 trillion, with interest payments on our $32 trillion national debt set to hit a record high of 3.4% of our annual economic output within the decade.
Why does Uncle Sam's spending matter to the rest of us? Not only is the Fed's standoff with the White House the last bulwark protecting us from ruinous inflation , but also the bill will inevitably come due to the taxpayer, lest we sacrifice our standing as the world's reserve currency.
The generational collapse in our workforce and monetary austerity were a long time coming, but only in the last decade have the Democrats been aided by the Republicans, who refuse to even pay lip service anymore to ending easy money. The only question is whether politicians of either party are willing to do the hard work, end the White House's spending agenda, and salvage the solvency of both Uncle Sam and the little guy.
Brasil Últimas Notícias, Brasil Manchetes
Similar News:Você também pode ler notícias semelhantes a esta que coletamos de outras fontes de notícias.
Tyre Nichols’ Family Accepts Invite to State of the Union AddressThe family of Tyre Nichols are set to attend next month’s State of the Union address. Brandon Tsay, the man who has been hailed as a hero for disarming the Monterey Park gunman last weekend, was also invited.
Consulte Mais informação »
Tyre Nichols' parents invited to State of the Union addressNEW: A fund-raising site set up by Tyre Nichols' family to raise money for mental health services and a memorial skate park in his honor has raised over $1.1 million
Consulte Mais informação »
Tyre Nichols's parents and Monterey Park hero invited to attend State of the UnionLawmakers invited the parents of Tyre Nichols, the man who died after Memphis, Tennessee, police officers beat him earlier this month, and Brandon Tsay, the man credited with saving lives by disarming the gunman in an attempted second mass shooting in Monterey Park, California, to attend the State…
Consulte Mais informação »
The state of our union is worse off because of Joe BidenIn a matter of days, President Joe Biden will stand before Congress to deliver the annual State of the Union address. The name might lead you to believe that he will be reporting on the actual state of our union. But it will be nothing more than a carefully crafted misrepresentation of what real…
Consulte Mais informação »
Tyre Nichols’s parents, Monterey Park hero to attend State of the UnionRowVaughn and Rodney Wells, the parents of Tyre Nichols and Brandon Tsay, the man who disarmed a gunman who killed 11 people in Monterey Park, Calif., will attend President Biden’s State of the Union address on Feb. 7.
Consulte Mais informação »