Heading for $100 loaf of bread?
Hey, Dems! It’s another “crisis”! Let’s spend another $1.9 trillion we don’t have to help all of our voters – including the ones we let in under Biden’s immigration rules! It’s just another log on the fire of $28 trillion in debt. Just pray interest rates don’t spike up!
Oops, well 0.5% to 1.6% on a 10-year note isn’t so bad so far. That just adds $308 billion per year in interest on the debt. Hey, taxpayers! Guess what? We’re back! And we want more!
Twenty-eight trillion in national debt equates to every person in the U.S. (350 million men, women, and children) owing a debt of $80,000 to people who hold U.S. bonds. Family of five? You owe $400,000 in federal debt, plus interest, plus another $68,570 every year in taxes to cover the $4.8 trillion federal budget.
Haven’t got that much? That’s OK, we’ll just print more money until the dollar is dang near worthless. Maybe the next pandemic or depression will fix things. $100 for a loaf of bread? Ah, just grow your own wheat.