Is Benny B Really Bernie M?
Approaching $0.50 cents of every dollar the government spends is from borrowed money!
50 cents? Until the past few years, the number was never even close....more like 10% or less.
Now the question is what percentage of tax receipts comes from government borrowed money spending?
If we estimate that only a third of what is spent comes back as tax receipts, it is now clear that the vast majority of government spending is simply the consequence of borrowing money and spending it.....
a full 15% of our GDP is simply borrowing/printing and spending money that doesn't exist nor is any nation, or group of nations in the world capable of lending us such a large quantity.
Basically, it appears that Benny B is running a Ponzi Scheme policy that exceeds even the most notorious Ponzi player........Bernie M.....
could they be related?