Saturday, February 17, 2018

2 trillion dollar write off

This is the additional debt, a mark to market of Reagan military boondogle, entitlements and Obamcare. All of them out of balance and the Swamp couldn't correct, so the Swamp in one swoop just accepted the costs and put it on credit card.

In 2017, swamp interest costs have nearly doubled from about 500 billion to a trillion, and that is 2% of the economy must be shifted around in the next few quarters.

The US economy has tried this four or five times since Reagan and we always have recession.

No comments: