US household debt reached $17.5 trillion at the end of 2023 by ezikler Tags:Economy 5 comments bideneconomics Main Street ain’t Wall Street. And the term “The Economy” actually refers to “Rich People’s Yacht Money.” The middle class in America has been getting choked out for the last 50 years. Workers running up their credit cards is their way of maintaining an *illusion of normalcy* against the incessant rising costs of living. Not unlike the interest on the federal debt now exceeding the entire military budget. Both schemes are unsustainable. These crows will come home to roost. Gosh, only half the government debt. Time to promise forgiveness It’s all right. Just keep on spending, for my stocks sake. Leave a ReplyYou must be logged in to post a comment.
Main Street ain’t Wall Street. And the term “The Economy” actually refers to “Rich People’s Yacht Money.” The middle class in America has been getting choked out for the last 50 years. Workers running up their credit cards is their way of maintaining an *illusion of normalcy* against the incessant rising costs of living. Not unlike the interest on the federal debt now exceeding the entire military budget. Both schemes are unsustainable. These crows will come home to roost.
5 comments
bideneconomics
Main Street ain’t Wall Street.
And the term “The Economy” actually refers to “Rich People’s Yacht Money.”
The middle class in America has been getting choked out for the last 50 years.
Workers running up their credit cards is their way of maintaining an *illusion of normalcy* against the incessant rising costs of living.
Not unlike the interest on the federal debt now exceeding the entire military budget.
Both schemes are unsustainable.
These crows will come home to roost.
Gosh, only half the government debt.
Time to promise forgiveness
It’s all right. Just keep on spending, for my stocks sake.