US plans to spend $10 trillion in 12 months. 50% of its GDP

RedPillStormer

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Here’s a jaw dropping statistic for you…

If the Biden Administration’s Infrastructure Program is signed into law, the U.S. will have spent nearly $10 TRILLION in a single year.

Yes, Trillion with a “T”
This is:

1) Equal to the GDPs of Japan, Germany and the U.K. combined.

2) More than the U.S. has spent during the last FIVE recessions combined.

3) More than the combined annual wages of all Americans.
That last one really gets me. If you add up all the money earned via wages by Americans in the 12 months, the U.S. Government has spent more money than that!

And finally, the ultimate jaw dropper…

The U.S. government will have spent an amount roughly equal to 50% of its GDP… in a single year.
 

RickGozinya

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0% on your average White American 🖕🖕🖕
 

MichaelWittmann

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It's just ones and zeros, after all. They don't even have to print currency any more. Inflation? What's that?

Ultimately this is just another wealth transfer scheme. The politically connected corporations and individuals who get the money first will be able to spend or leverage it while it still retains some value. The people at the end of the line, who get the newly created money last, will get something close to worthless. Either the people behind this are not only ignorant of economics but pants-on-head retarded, or this is another form of economic warfare against the working middle class.
 
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