Thursday, February 16, 2023

And

 


here they go again:


U.S. will default this summer unless Congress raises debt limit, CBO warns


"The CBO attributed the significant jump in the federal deficit in the next decade to several factors, including:

 the cost of legislation passed by Congress last year, 

rising costs of Medicare, 

Social Security, 

veteran benefits 

and future interest payments on a higher national debt.


If you want to know the most important one in a list these days?


Just go to the last one.

"and future (higher I might add)

 interest payments 

on a higher national debt."


"Meanwhile, the agency projected that tax revenue will not keep pace with these rising costs. And certain tax revenues are expected to fall, like those from gas taxes as more Americans drive electric vehicles."


The lack of  ANY good solutions to ANY of the myriad crises we face?

 Tells you exactly where we are...

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