Joe Biden to unveil COVID-19 economic
relief plan worth ‘trillions’

Welcome to the financial future you have voted for, my liberal friends! The National Debt is 27.7 Trillion dollars as of 1:00 PM 1-7-2021. That is $222,191.00 per tax payer. The U.S. GDP was estimated to be 21.4 trillion in 2020, the latest figure available. The debt is now 6.3 trillion dollars more the than the entire economic output of the country, and will only grow with increased job and business losses. The Treasury Department and the Fed are still practicing " Quantitative Easing," with interest rates below 1%. The Fed is buying Treasury Bonds at the rate of $128,000,000,000 per Month. In order to do this, the presses are running 24/7 printing money. Fake money buying worthless treasury bonds. Although they will never admit it, the Fed has "Monetized the debt." Foreign central banks are selling U.S. Treasury bonds at a record pace. China, Japan, France, Brazil and Colombia led the pack of countries dumping U.S debt. Russia has already sold 84% of its U.S. Treasuries. And the value of the dollar continues to fall. The projected budget deficit for 2020 is $3.3 Trillion dollars, raising the total debt to 31 trillion dollars. The insanity of continued spending will, at some point in the near future, cause the US dollar to collapse. The ensuing recession/depression will be unavoidable, and more economic stimulus will only hasten the outcome. What does the newly elected Congress and Presidential Administration promise, trillions more spending, and more economic lock down. The result will be businesses closed forever, more jobs gone forever and more people dependent on government forever. There is one thing I am very confident of, contrary to the liberal BS, the rich will not pay, most of our "leaders" are the rich, and they exempt themselves from everything. In a vain attempt to forestall the effects of their failed policies, they will come for your 401k's, your Vanguard and Fidelity accounts, which liberals have had their sights set on for decades, as the only source of "Unused Money." Couple that with an inability to continue paying Social Security and Medicare costs and you have the making of the "perfect financial storm." Pray no Civil War 2.0 ensues.

It's time to believe senile about the dark winter he promised; he was right about having "the most extensive and inclusive voter fraud organization in the history of American politics.” Where's DNI Ratcliffe?

Another reminder that we lost. Here comes more taxes, more government regulation and a lower standard of living. In a socialist society, everyone is equally poor and miserable. Get used to it!

Where is he going to get the money? He wants to Bail out Blue state's pension plan's and pay there bill's. Why should I have to pay for poor financial stuff of these states.

The horror show begins. Destroying jobs, putting everyone on government handouts. And that will just be the beginning. Soon, a dollar will buy what a nickel bought in 2020.

There's a big difference between 0% interest on $30T in debt and 20% or 30% interest on $30T in debt. Keep in mind, the main way to reduce the money supply to avoid inflation is to raise interest rates. Say goodbye to SS, Medicare, Medicaid and the military because all our taxes will be going towards paying interest - assuming other countries don't realize our fiat currency is worthless and start using something other than the $ (the Yuan. Swiss Franc or British Pound perhaps?) as an exchange currency (we'll be really in trouble then because we'll have a flood of dollars from foreign counties hitting the economy).

Public sector employees unions in states like California and Illinois are the big winners. All the rest of us are losers and will have our income and pensions taxed and/or inflated away in this massive wealth transfer. The previously inevitable reckoning these states faced is now going to be papered over. And those public sector unions run California, they 100% own the state legislature and Gruesome. And no doubt Biden/Harris will lift or eliminate the SALT deduction cap, providing a big tax cut to “the rich” in blue states.

Assorted quotes from Democrat Socialist spiritual forefather Vladimir Lenin: The way to crush the bourgeoisie is to grind them between the millstones of taxation and inflation. The best way to destroy the capitalist system is to debauch the currency. There are no morals in politics; there is only expedience. A scoundrel may be of use to us just because he is a scoundrel. To rely upon conviction, devotion, and other excellent spiritual qualities; that is not to be taken seriously in politics. The goal of socialism is communism.

And the taxpayers in the economically responsible states will be footing the bill. How long will the red states tolerate this?

Royt. And January 21st Buck N. Biden wins a Nobel Prize. Happy days are here again.

Trillions to be transferred from the red states to the blue states.

Pay back to blue states for staying locked down, mis-managing Covid 19 and vaccines, and all things Trump.

The FDA and CDC need to coordinate with their lefty partners of the covid "crisis" will be over by the time Biden takes office. They announced they have dropped their too-sensitive PCR testing because it led to 95% false positives. If the people get accurate tests there is not covid problem, open the schools, the diners, the gyms, etc.

Few here can criticize this, having supported the same trillion dollar deals signed by PDT. Few came out in opposition then; screaming "we can't afford it now" is hypocritical bullsh-tuff. We are all socialist now...

Yeah, worth trillions to Biden and his corrupt allies. Cost trillions from us peasants.

sure he will. the masses will receive oodles and oodles of cash and then be taxed oodles and oodles to pay for it so, what has the new administration really done for us - nothing which if par for the course.

With 10% for the Big Guy and his family.

Worth trillions? IOW taxes are going to skyrocket. I’m glad that I just retired and will be sending the IRS a tiny fraction of what they used to steal from me.

Hello inflation. Just a hundred bucks for a loaf of bread?

And so it continues. A beef I had with Trump is that he never followed through on his promise to crack down on federal profligacy. Now the of the floodgates will soon disappear.

Joe is planning to fund it with the interest he gets from the earnings he and Hunter get from CC. And it will also fund relief for Covid 20, 21, 22 and ad infinitum. Viruses mutate, that is their nature. Just as democrats are deluded, ignorant and largely demented. Be patient. This too will pass, like gas.