America’s national credit card is maxed out thanks to Bidenomics
Americans’ credit card debt has now surpassed $1 trillion. In recent weeks, America’s national debt has increased $1 trillion, surpassing $33 trillion. Wages have declined over 2.5% and inflation has risen around 7.5%, decreasing a family’s spendable income over 10% under Bidenomics. That’s equal to losing 26 days of pay per year.
The mature population of Fountain Hills residents are at the apex of their economic arc and can cope with the dysfunction of inflation without denying their families reasonable spending choices. The majority of average Americans are not so fortunate. The systemic economic collapse caused by Bidenomics is a cruel punishment inflicted on American families living paycheck to paycheck.
Money is a wonderful asset, but for middle America investing money is not an option; what matters is allocating how they spend their reduced income. As politicians keep spending at an unsustainable rate and Americans survive on credit card debt, what is the logical conclusion? Bankruptcy!
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America’s national credit card is maxed out thanks to Bidenomics
Posted
Rick Dime
Americans’ credit card debt has now surpassed $1 trillion. In recent weeks, America’s national debt has increased $1 trillion, surpassing $33 trillion. Wages have declined over 2.5% and inflation has risen around 7.5%, decreasing a family’s spendable income over 10% under Bidenomics. That’s equal to losing 26 days of pay per year.
The mature population of Fountain Hills residents are at the apex of their economic arc and can cope with the dysfunction of inflation without denying their families reasonable spending choices. The majority of average Americans are not so fortunate. The systemic economic collapse caused by Bidenomics is a cruel punishment inflicted on American families living paycheck to paycheck.
Money is a wonderful asset, but for middle America investing money is not an option; what matters is allocating how they spend their reduced income. As politicians keep spending at an unsustainable rate and Americans survive on credit card debt, what is the logical conclusion? Bankruptcy!
The national media spokespeople are panicked about the government shutting down. Default is the buzzword, which means taking a pause to evaluate how and where to spend the existing revenue stream before borrowing more money to throw at the illegal migrant invasion, a war in Europe and additional IRS agents. The media never mentions that by law Social Security,
Medicare and other mandated programs will continue without interruption. There is adequate income for regular expenses, but no room to add to the current $33 trillion debt that will require about $1 trillion interest payment annually.
Borrowing and recklessly spending more than you earn will bankrupt a household and any nation, including America. America’s national credit card is maxed out and individual credit card holders are being force to borrow just to survive.
The self-destructive nonsense of Bidenomics borrowing money to unwisely misspend it is self-evident.
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