Treasury Secretary Janet Yellen said this week that she is concerned about the nation’s “fiscal sustainability.” She said she’s “sorry” that “more progress” wasn’t achieved during the Biden administration.
She has no self-awareness.
Yellen apologized during a discussion held at The Wall Street Journal’s CEO Summit on Tuesday.
Now She’s Concerned About Sustainability
“I am concerned about fiscal sustainability, and I am sorry that we haven’t made more progress,” she said, adding, “I believe that the deficit needs to be brought down, especially now that we’re in an environment of higher interest rates.”
Yellen pointed to the interest cost of the nation’s debt. She described it as “one of the largest items responsible for the increase in the budget deficit.”
What did she think was going to happen? She made excuses for the wild spending.
The federal budget deficit reached $622 billion over the past two months, according to the Congressional Budget Office (CBO).
The figure marks a $242 billion increase from the deficit recorded during the same period in the previous fiscal year. Outlays saw an 18 percent jump while revenues dipped 7 percent.
The national debt has risen to more than $36 trillion overall.
Under Yellen, total US debt increased by $6.8 trillion while she was Fed Chair. Then it went up another $8.4 trillion while she was Biden’s Treasury Secretary.
Yellen has personally presided over a gargantuan $15.2 trillion increase in US debt, or about 42% of all US debt ever issued! @zerohedge pic.twitter.com/NXC1iiLYmP
— Professor Mark W Guthner (@MGuthner) December 12, 2024
We are on target to have $51 trillion in debt and Yellen continually said it wasn’t a problem.
KENNEDY “So $51 trillion of debt, up from $33 trillion doesn’t bother you?”
YELLEN: “I think the path that’s set out in the President’s budget is fiscally sustainable.”
Yellen also argues that the national debt being 109% of GDP is no big deal. pic.twitter.com/ybaRT9Dwki
— Young Americans for Liberty (@YALiberty) March 24, 2023
Our tax dollars are being wasted.
62.5% of the personal income taxes you paid to the federal gov’t last month were for interest on the debt –
No roads or bridges
No schools or hospitals
No military of Social Security
Just interest: pic.twitter.com/64tpHIe6rd— E.J. Antoni, Ph.D. (@RealEJAntoni) December 11, 2024
Congratulations
The United States pays more on debt service than it does for Social Security. It is bigger than healthcare. It is one-and-a-half times what we spend on the military-industrial complex. At 1.4 trillion, it is double what it was last year. It comes to nearly $900 more per month per family just in federal interest that’s not including the $8 trillion in private debt.
Including mortgages, car loans, and consumer loans, it comes to $1350 per month in debt interest per household. This doesn’t include the $1.9 trillion deficit, which amounts to $15,000 more per household in a single year.
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Janet Yellen is just now figuring out that our debt is “unsustainable”???? Well, she can quit blaming Social Security because it was the trillions lost by the US military, the hundreds of billions spent on foreign wars and the hundreds of billions wasted on feeding, housing, importing and taking care of the needs of illegal immigrants that caused the problem.
It’s only money. Just print more. When it’s cheaper to heat one’s home in the winter by burning stacks of hundred dollar bills instead of using wood, coal or natural gas, one is realizing mistakes such as foisting the likes of Obama and Biden on the country just because one is black and the other a raging fool, both looking for a country to ruin. It makes me smile Bigly!!! Hahaha. “Whoa, horsey, giddy-up, run backardy” for Bammy Boy and Bidong! It’s only money…
The National Debt is based on the amount of interest that the Federal Reserve is charging the Federal Government to borrow our own tax money paid to the Federal Reserve every year. there would be no National Debt without the Federal Reserve. Ron Paul has been right all along: Dump the Federal Reserve!!! It’s a privately held conservancy and has NOTHING to do with the Federal Government.
Obvious simple solution is for the US government to directly issue our currency based on the production of real actual goods. No more ponzi schemes, no borrowing for globalist goals, no more interest payments. Let globalists pay their own way. Also let globalists pay the current debt they ran up for their globalist schemes.
It’s an international racketeering operation with the express goal of destroying our nation while accruing the riches of the world unto themselves. It is not incompetence or stupidity – it is their goal.
And no more Federal Reserve!!!!
The Federal Reserve is no more federal than Federal Express!
A FOREVER LOAN that you are only allowed to pay the interest, but never on the principal. YOU ARE SLAVES!
The Federal Reserve has three main functions: 1) To make a profit for it’s private investors; 2) To manipulate the economy by imposing a false control that does nothing for the economy or for the people; 3) Create a debtor nation and keep the government, the banks and the people in debt.
Without the Federal Reserve there would be NO Federal Debt. Ron Paul has been right all along: DUMP THE FEDERAL RESERVE!!!!