News that I missed, courtesy of The Babylon Bee:
WASHINGTON, D.C.—Amid concerns that the national debt may be spiraling out of control, Biden calmed fears in a statement that he has a plan to pay off the debt by capturing a leprechaun and stealing all his gold.
Economist Paul Krugman praised the idea as “sound” even though it’s never been proven to work before. “Computer models indicate that Biden’s the best and this is a good idea,” he said.
According to sources, Biden will be mobilizing the National Guard– which has been sitting around D.C. with nothing to do since Biden’s inauguration– to hunt down a leprechaun and bring its plunder back to the treasury.
Go here to read the rest. Sad news. They did capture a leprechaun, but apparently Biden’s rogue dog Major got loose and ate it before it could be coerced into revealings its pots of gold.
Gallows humor!
The Fed has been able to kick down the road the catastrophe with zero rates and monetizing/buying (magically add US Debt securities to balance sheet assets add the same amount to the US Treasury’s checking account – What A Deal!) over $3 trillion in US debt issuances since March 2020. The Fed’ll be printing more green confetti as the $1.9T latest boondoggles gets paid out to Fraudulents Biden’s handlers’ clients.
It’s unsustainable. Some day your children and grandchildren will have to ‘pay the piper’ – one way or another.
There are ways out: huge tax increases, huge spending cuts, (most likely) huge inflation, restructuring (euphemism for default)- all are very bad.
One way (rapid, real economic growth with fiscal spending constraint) is beneficial. But, that is impossible under the brave new totalitarianism’s Green New Deal, war on productive people and small businesses, open borders, and rapidly expanding welfare/client state.
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