We call it Debt
David Schweikert calls is budget deficit



US GDP is 21 trillion dollars / 2021
Debt is 26.7 Trillion


With Biden's Plan DS says that in 30 years (by 2051):

Debt will hit 112 Trillion


https://www.youtube.com/watch?v=RYOtDMklbFE

He then proceeds to say how the Wealthy
those above 500,000 - however taxed
will be unable to pay a fraction of the interest
year by year.

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For 2022,
Federal Tax will increase by 400 billion
CBO estimate: 120 billion

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After the first 16 minutes - DS talks about the Social Spending Bill as a shell game - I'm not into that discussion

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17 to 18 minute:
DS explains how a budget of 1 Trillion for a program in 2022, spreads over to 3 or 4 years and then we find that we have an obligation of more than 1 Trillion, generally twice 2 Trillion
(although he suggests more)

I agree with this because in infrastructure projects, say a budget to build a bridge in 2022
- by the time the preliminary design, tender / bod gets finalized it's over 6 months. Detailed engineering and beginning of Earth work / rock blasting - another 6 months. All this is part of the bridge scheduled date of completion, but contractors have clauses for price escalation of steel and so on including labor wages. So the cost goes up.

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On the 19 minute DS introduces the term 'Expensing' - a concept that worked in 2018/19
where businesses increased productivity with investments in equipment and technologies of the future.

And US experienced a drop in unemployment rate, better quality of income and so on

But with the current government tax policy - this investment in capital goods 'expensing' will disappear.
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A similar phenomena happened in India when after 2012, the ruling party swung in with environmental tax (and scams) leading to many companies who had invested in modernizing their factories - went bankrupt.

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My point is that US Government plans on printing more dollars - the equivalent of devaluing currency that China did sometime around 2015 for export reasons

Printing dollars will continue the inflationary pressures experienced now - for next 30 years!!!

Biden will be dead by then
RIP Biden

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The only reason I'm bringing this to notice is because as the US economy erodes
some of the smaller countries economies are likely to bust and rest sink in deeper trouble.

We saw a milder version of this in 2008.

Biden breaks wind during a discussion
at the COP26 Summit.
The Fart Heard Around the World.

Biden shat himself during a meeting with
the Roman Catholic Pope.
Poopy Pants Joe.

The idiot is the perfect fodder for
late night television comedians.

When I read the most of this posts, I'm wondering why people didn't appreciate that are lucky from the various aspects of life, because you are living in country like the States, maybe you was born there.

People didn't realize what they received from this opportunity.

The country where we born can give or take away so..
Taxes, cost of life, cost obligatory fees, and to compare earnings..
Why so many people complain..
My point is because they really don't know what they have.

we know what we have. Some of us want to keep what we have while others want to destroy it. That is why we fight against the progressive democrats because those are the ones trying to tear it down. Joe Must Go!

I think Biden is inadvertently keeping a promise he made.

He is uniting more and more people together who disapprove what he's done as president.

Happy New Year from Mrs. & Mr. Santa

https://www.youtube.com/watch?v=s-MlX34MPfU

A message to embrace diversity, inclusiveness and global view that makes America great.

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Meantime, crude oil which was at $52 / barrel at the beginning of the year

and is now $86 / barrel

is expected to surpass $100 / barrel this coming year.

JP Morgan says $125 / barrel in 2022 - if the planes start flying, as before the pandemic.

===========================

Then again, if Santa revives the Iran nuclear deal by the first quarter of 2022 ..

Happy New Year!

I'm cool with diversity and inclusiveness, it's the shoving it down our throats every waking moment that is getting old.

Oil prices are an effect of supply & demand, and have more to do with OPEC's manipulation than anything the US President does.

Interesting; let's see ..
Shale Oil production
Sanctions on Iran, Russia
Subsidy on electric cars
Climate change resolutions banning coal production / consumption - worldwide
=================================================

plenty more but then again you may be right. Wait a moment, what if this President were to ask all Citizens to stop driving for One day ..,



It could send a symbolic message to the world
May be China, India and others could follow suit.

'Biden's useless oil day'

Oh please. Biden already asked everybody to get vaccinated and 40% of the population went bonkers over it. Democrats have been calling for higher vehicle mileage requirements for decades and even when a Republican suggests it (Bush) he's roundly ignored, but you think POTUS has real power on this independent of Congress? Seriously, WTF?!

The Sanctions on Iran were from Trump, for apparently no reason, Russia annexed the Crimea and is getting ready to take the rest of Ukraine. Lastly, climate change and world conflict around oil are costing more in disasters than the relatively small cost increases in oil and gas.

I understood. If so, please may you list in a few points why you are happy about that you are living in the U.S.?

Supply and demand are what has an effect on oil prices and OPEC's policies regarding production is a major factor. But to suggest the FACT that Biden DECREASING the US oil production didn't have a dramatic affect on prices is intellectually dishonest.....all one has to do is look at the timeline associate with the slow down of US oil production with the shut down of the XL pipeline and price increase to understand what happened. Biden has asked OPEC to increase the supply side of oil to reduce the demand after he actually reduced the supply side.

If we stop driving internal combustion cars, we only lower carbon emissions 6%. Electric power plants-34%.

We haven't got that many electric cars on the road yet. What happens when we hit 10% electric cars on the road?

The US Constitution says ALL guns are legal. Every single federal firearms law violates Amendment II and every single state and local firearms law violates Amendment X.

Don't know, but I also don't know where you got your emission figures. I would guess that when 10% of cars are electric, carbon emissions will be lower, considering the average ICE car emits 4.6 tons of CO2 each year. and lower demand should lower gasoline prices. All those cars charging will require improvements to the electric grid, which will boost the economy and employment in those fields, and after 2035 when mandates kick in, prices for ICE cars and gasoline sales and auto oil-change shops will start to collapse. Just like self-driving trucks and cars will likely crash the job market for long-haul truckers and taxi drivers. Those will be interesting times.

I find it really comical that people seem to think carbon dioxide is bad, when everything that is green needs it to survive.

Nickle is needed for electric car batteries. The Amazon rain forests have lots of it in the ground. Are you going to mine that, and destroy the "Lungs of the Earth", just so we can have EV's?

I'm waiting for these self driving cars to malfunction, and kill a bunch of people in the process. What a whopper of a lawsuit that's going to be! It'll make the exploding Pinto look like they were playing games.

They tell me your average Tesla requires an 80 amp charger to recharge them. Since a good many homes have 200 amp service, (Older homes only have 100 amp service) just what are you planning to not have on while your car is charging?

I know a lady right now that's looking at a $1000 a month electric bill, because her home is heated with electric. (High efficiency, by the way) I bet the electric companies are jumping for joy over increased usage on that one.

1= freedom( the freedom to say f..k joe Biden and Kamala Harris and the rest of these America hating progressive democrats. The freedom to choose what is best for me and my family, not what some corrupt p.o.s. wants me to do. 2= America is the most generous country in the world in monetary expenses and military protection. We are the Big dog on the porch that keeps everybody in line. 3= America is the most diverse country in the world as far as people, weather, and topography. People die trying to come here for the American dream and I’ll be damned that we let these liberal clowns take all that away..

In 2020 Biden said "I’m not going to shut down the economy. I’m going to shut down the virus."

Not only did he break his promise he just told a group of state governors that “there is no federal solution” to the crisis.

“220,000 Americans dead,” he said during the Oct. 22 debate. “You hear nothing else I say tonight, hear this. Anyone who … is responsible for that many deaths should not remain as president of the United States of America.”

Overall, more than 771,000 COVID-19 deaths have been reported in the U.S. during the pandemic. About 385,000 were reported in 2020, according to CDC data, and more than 386,000 have been reported this year.

According to Biden's OWN standards he "should not remain as president of the United States of America.”

It's not illegal if their arrival predates the law, but thanks for playing.

More lies from our piece of sh#t president. After all his federal mandates and putting many people out of work, now he says there is no federal plan to combat the virus. More have died under Biden watch than Trumps. With Biden at the helm , we have lost more lives, jobs, money ,religion, respect and more freedoms than any other time in our countries history. .. thanks joe. You really do suck.