Federal Spending At Highest Level Since Bank Bailouts & Stimulus

in #news2 years ago

If the economy is so great, why are deficits pushing towards record highs? Whats going to happen when things get really bad?

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The federal government spent $1,822,712,000,000 in the first five months of fiscal 2019, the most it has spent in the first five months of any fiscal year since 2009.

Remember, that was the time when outgoing President George W. Bush signed a $700-billion law to bailout the banking industry and incoming President Barack Obama signed a $787-billion law to stimulate an economy then in recession.

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What's going to happen when things get bad this time? Deficits are going to absolutely explode and we already know that the Fed will not let rates rise at all.

Prepare your Gold, Silver and Crypto accordingly...

@matthewwarn

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I thought the federal reserve kidnapped you. 😁

I started a new job and I'm in the process of relocating about 600 miles...I'm a tad bit busy at the moment lol

Well hopefully south not north

unfortunately not lol...west and north

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