Sunday, February 18, 2018

Chart of the day

From Econimica.

The chart shows the federal debt charge for every new full time job added. Government in the Swamp is a huge drag on the economy.

Put this perspective. The interest cost of the debt per worker is $60,000 per job.  There is no government multiplier to cover this.  Hence the debt is now full spiral out of control, we will need some real QE, real in the sense of default.  We are seeing the long and short term dollar decline, we are losing global market share fast.

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