Government gets fatter while Americans rack up record-high credit-card debt

https://www.foxbusiness.com/economy...mericans-rack-up-record-high-credit-card-debt

As the government prints money and pours it into the economy, the dollar continuously devalues. That is why everything costs more.
The federal debt has increased to ~ $6.5 trillion since January 2021. We are now around $34 trillion. Interest on the debt now costs taxpayers over $1 trillion annually which is nearly half of all personal income taxes.
Biden's handlers are all running their own little empires with no central guidance from Biden.
We have a disjointed, un cohesive government and we are going to pay dearly for it. I don't know how, and I don't know when, but something has to happen.

 

Relax! You just aren't seeing the magic of Bidenomics yet. KJP says you'll have to wait a few years to "feel it". Its all part of their genius plan. Don't worry. Just be a good citizen and keep PAYING UP. There's some illegals that need your hard earned money for a luxury hotel stay, capisce?? Do your part!

 

Nothing that another tax cut that pays for itself can't fix, right?

I have said it before, to address the problem, we would need to have adults tackling this from both parties. They would need to make a pact: No new spending by the Dems and no tax cuts by the GOP for the next 10+ years. Then, keep the spending growth at -2% GDP. This would slowly reduce the deficit, without causing an immediate recession.