that much of that labor force decline resulted from the boomers cashing in on the government-engineered housing boom during the height of the pandemic, concluding that if"housing returns in 2021 would have been equal to 2019 returns, there would have been no decline in the labor force participation of older Americans."
This brings us to the ways in which the government ramped up its rigging of the game and how we will continue to feel the consequences in unprecedented ways. As inflation, which remains more than three times what the Fed will tolerate, continues tohouseholds an average of five figures by the year, the White House continues to fight the Fed.
Despite Biden's boasts about supposedly reducing the deficit, literally all of that reduction is due to pandemic appropriations expiring. The 2022 deficit was $1.4 trillion, with interest payments on our $32 trillion national debt set to hit a record high of 3.4% of our annual economic output within the decade.
Why does Uncle Sam's spending matter to the rest of us? Not only is the Fed's standoff with the White House the last bulwark protecting us from ruinous inflation , but also the bill will inevitably come due to the taxpayer, lest we sacrifice our standing as the world's reserve currency.
The generational collapse in our workforce and monetary austerity were a long time coming, but only in the last decade have the Democrats been aided by the Republicans, who refuse to even pay lip service anymore to ending easy money. The only question is whether politicians of either party are willing to do the hard work, end the White House's spending agenda, and salvage the solvency of both Uncle Sam and the little guy.
Source: Financial Digest (financialdigest.net)
We have summarized this news so that you can read it quickly. If you are interested in the news, you can read the full text here. Read more:
United States Latest News, United States Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
Tyre Nichols’ Family Accepts Invite to State of the Union AddressThe family of Tyre Nichols are set to attend next month’s State of the Union address. Brandon Tsay, the man who has been hailed as a hero for disarming the Monterey Park gunman last weekend, was also invited. How about inviting the WH staff who pack up file boxes when leaving office? If they invite the family of the deceased to the White House every time a group of black guys kills another black guy, it's going to get real packed
Source: thedailybeast - 🏆 307. / 63 Read more »
Tyre Nichols' parents invited to State of the Union addressNEW: A fund-raising site set up by Tyre Nichols' family to raise money for mental health services and a memorial skate park in his honor has raised over $1.1 million No corruption there ..... huh? Trump would have invited the five cops. Most likely this is just another useless posturing from the politicians in USA. Again.
Source: axios - 🏆 302. / 63 Read more »
Tyre Nichols's parents and Monterey Park hero invited to attend State of the UnionLawmakers invited the parents of Tyre Nichols, the man who died after Memphis, Tennessee, police officers beat him earlier this month, and Brandon Tsay, the man credited with saving lives by disarming the gunman in an attempted second mass shooting in Monterey Park, California, to attend the State… Invite at SOU because Biden wants to blame the GOP and keep blacks voting Dems well…Memphis has Dems leading all aspect of local politics so keep voting Dems and soon blacks won’t be a problem in Dems America… More political theater that will not result in any lasting change. If we want to honor the victims of these tradgies, we need gun and policing reform across the board.
Source: dcexaminer - 🏆 6. / 94 Read more »
The state of our union is worse off because of Joe BidenIn a matter of days, President Joe Biden will stand before Congress to deliver the annual State of the Union address. The name might lead you to believe that he will be reporting on the actual state of our union. But it will be nothing more than a carefully crafted misrepresentation of what real… POTUS OK. Karen. POTUS He’s passed the biggest climate bill ever, the biggest healthcare bill since Obama and largest infrastructure bill since Eisenhower, the first gun safety bill since Clinton, the Chips & Science Act, Inflation Reduction Act, and the America Rescue Plan to cut child poverty but ok. POTUS Today is January 31st, 2023 and Joe Biden is the WORST President in US history.
Source: dcexaminer - 🏆 6. / 94 Read more »
Tyre Nichols’s parents, Monterey Park hero to attend State of the UnionRowVaughn and Rodney Wells, the parents of Tyre Nichols and Brandon Tsay, the man who disarmed a gunman who killed 11 people in Monterey Park, Calif., will attend President Biden’s State of the Union address on Feb. 7. Biden is a shill, so this isn’t the least bit surprising. WP is a Propaganda Paper intent on indoctrination. Heaven forbid Biden miss an opportunity to race bait
Source: washingtonpost - 🏆 95. / 72 Read more »