These are symptoms of uncontrolled spending that could point toward crisis. Why? Because D.C. Republicans are intent on passing a Biden budget:
Gold is a HUGE warning.
— Steve Cortes (@CortesSteve) April 14, 2025
Think we are done with Biden’s untenable Inflation?
Well, not with this budget madness emerging from GOP Capitol Hill..
My @Bannons_WarRoom hit on this topic: https://t.co/fDqCDMJVUF pic.twitter.com/zRNT1QssA4
The stock market gives me a headache . Won’t touch gold. Years ago I dabbled in Treasury bonds and a little in the stock market. Right now CDs are retuning 4-5%. I don’t have a financial advisor. I feel safe with DCs,
With regard to the budget. Of course spending is a problem.
It was in 1835, when President Andrew Jackson was finally able to pay off the entirety of the national debt. This was the first and only time the United States has been able to do so, an accomplishment that is virtually impossible today.
It seems that it Is politically impossible, Fred, as you suggest. Ironically, the last time we had anything close to a balanced budget was during the 1990’s when Clinton was president. And that was a politically neutered Clinton who was effectively countered and opposed by Congressional Republicans at that time.
The only argument I can think of for their passing the Biden budget is that afterwards, if the President sends 500 billion if rescissions (deletions from spending), it only requires a majority vote in both Houses.
It will be a clear indication that we are still led by the stupid party if 3 months go by and no rescission is sent/passed. It must originate from the President. (I say “stupid party”, but what so often looks stupid or “bureaucratic” derives from decision-makers’ benefitting.)
That would be great if we were to see lots of money in rescissions, J. Sobran. Politically, it is less costly to do this earlier as opposed to later. The closer we get to the 2026 elections, the less likely we will see cuts because of the potential political cost.