Original Blog Entry: US government supporting 18 million unemployed by printing $10.8 Billion per week

NY10 — Thu, 21 Jan 2021 07:12:59 GMT

US government doesn't have any money in reserves in fact US is the most debtor country on earth nearing 28 Trillion dollars in debt more than 130 percent of GDP.The only thing US government has and is using is the printing press to keep the unemployed afloat but the thing to see is how long can they keep printing to support the unemployed instead of supporting them through raising taxes which they don't want to do because of fear of losing votes so they are going with the secret tax which is the inflation tax.Even Biden's tax hikes won't be enough to cover the massive budget deficit running by the government which is over $100 Billion a month and getting bigger and bigger

Obama was known for almost doubling the national debt in 8 years but Trump failed to go past Obama in 4 years by a little And now Biden promising to go past Trump in his first 4 years unless republicans block extra inflationary printing

NOTE - The current unemployment program expires at the end of week March 14.But it's likely it will have to be extended for another 6 months through end of September to support the 18 million unemployed by printing money because the world isn't stupid enough to lend money to US at 1 percent interest rates for 10 years so the US government has no option but to keep printing as they don't want to raise enough taxes to cover the costs also because it will crash the bubble which is the stock market very quickly if they even mention of raising taxes

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