Even the IMF is worried biden is spending money he doesn't

[Jmac00]

IMF Issues Warning to Biden Admin on Out-of-Control Deficit Spending

‘Something will have to give,’ the IMF warned of high deficit spending and the risk that it could spiral further out of control in an election year.

www.theepochtimes.com

The International Monetary Fund (IMF) has sounded the alarm on the Biden administration’s high deficit spending, warning that its fiscal stance and ballooning public debt threaten to stoke inflation and possibly even spark financial chaos.

“The fiscal stance, out of line with long-term fiscal sustainability, is of particular concern,” IMF economists wrote in a recent blog post, which accompanied the release of the group’s latest editions of the its Fiscal Monitor and its World Economic Outlook Report, which both warn of acute risks to public finances in an election year in which much of the political discourse is loudly in favor of fiscal expansion.

 

[Saltwater60]

You so t seen nothing yet. Of he’s elected again we’re toast.

 

[SomeSoldier]

Impossible Mission Force is real?

 

[spat]

They've been spending money they don't have for decades. That's where inflation comes from.

What they're doing now is opening the flood gates past what the system can absorb.

It's like immigration. We've always had immigration. Society can absorb a fair amount of immigration essentially forever.

But, when immigration starts exceeding the domestic birth rate, you are doomed.

It's like that with a deficit too. You can absorb a certain % of GDP, but if you exceed it by too much, or for too long, the whole house of cards collapses.

 

[SomeSoldier]

They've been spending money they don't have for decades. That's where inflation comes from.

What they're doing now is opening the flood gates past what the system can absorb.

It's like immigration. We've always had immigration. Society can absorb a far amount of immigration essentially forever.

But, when immigration starts exceeding the domestic birth rate, you are doomed.

It's like that with a deficit too. You can absorb a certain % of GDP, but if you exceed it by too much, or for too long, the whole house of cards collapses.

They are intentionally destroy this country. There is no other alternative.

 

[SonOfSun]

IMF, dirty MF
Takes away everything it can get
Always making certain that there's one thing left
Keep them on the hook with insupportable debt

 

[SonOfSun]

They've been spending money they don't have for decades. That's where inflation comes from.

What they're doing now is opening the flood gates past what the system can absorb.

It's like immigration. We've always had immigration. Society can absorb a fair amount of immigration essentially forever.

But, when immigration starts exceeding the domestic birth rate, you are doomed.

It's like that with a deficit too. You can absorb a certain % of GDP, but if you exceed it by too much, or for too long, the whole house of cards collapses.

It's more or less personal finance on a grand scale. You can take out a manageable loan, but if you accrue a million dollars in debt and only make 50k a year, you're fucked.

 

[Dr. Evil]

You so t seen nothing yet. Of he’s elected again we’re toast.

He wasn't elected the first time. You mean if he is installed again.

 

[GOPerfect]

And, all that we can do is sit back and watch it happen. Watch this continue. Our representatives do not represent the people. The represent themselves and big interest.

We as Americans do not have what it takes to stop this. We have become weak as a people.

 

[spat]

It's more or less personal finance on a grand scale. You can take out a manageable loan, but if you accrue a million dollars in debt and only make 50k a year, you're fucked.

Macro economics (whole economies) works very differently than micro economics (personal finance).

People constantly make that mistake.

In micro economics, it's all about money, and you just assume that if you have the money you can buy as much of a resource as you want.

In macro economics, you have as much money as you want, but the resources aren't unlimited.

There is literally no limit to the amount of money the government can print, but there *is* a limit to the things they can buy with it. It's almost the opposite if micro.

People treating the government finances like personal finances is how we get in this problem. They seem to think "we need more money, so we should raise taxes" isn't insane. You already have as much money as you want. Taxes are merely a tool to control behavior and control the money supply.

 

[GOPerfect]

Macro economics (whole economies) works very differently than micro economics (personal finance).

People constantly make that mistake.

In micro economics, it's all about money, and you just assume that if you have the money you can buy as much of a resource as you want.

In macro economics, you have as much money as you want, but the resources aren't unlimited.

There is literally no limit to the amount of money the government can print, but there *is* a limit to the things they can buy with it. It's almost the opposite if micro.

People treating the government finances like personal finances is how we get in this problem. They seem to think "we need more money, so we should raise taxes" isn't insane. You already have as much money as you want. Taxes are merely a tool to control behavior and control the money supply.

You ever watch the movie In Time? This is a great depiction of what you are saying. Instead of cash and money, life is based upon time. Time can be endless, but as you get more time, the cost of everything goes up. Do you really have more time?

 

[spat]

You ever watch the movie In Time? This is a great depiction of what you are saying. Instead of cash and money, life is based upon time. Time can be endless, but as you get more time, the cost of everything goes up. Do you really have more time?

I haven't, but it sounds interesting.

 

[GOPerfect]

I haven't, but it sounds interesting.

Justin Timberlake is the star of the show. Everything is paid for with time added to their arm. When the time runs out, they drop dead.

All about control. Great movie.

 

[ManualF150]