The U.S. Treasury Department recently announced it plans to borrow $2.9 trillion in the second quarter of this year. Never forget borrowed money HAS to be paid back. You’re either going to see more taxation or inflation. Probably both.
For Further Reading
That Didn’t Take Long: U.S. National Debt Exceeds $24 Trillion
The Federal Reserve: More Lethal than Coronavirus
What Next? Trillion Dollar Coins?
Michael Maharrey [send him email] is the Communications Director for the Tenth Amendment Center. He is from the original home of the Principles of '98 - Kentucky and currently resides in northern Florida. See his blog archive here and his article archive here.He is the author of the book, Our Last Hope: Rediscovering the Lost Path to Liberty., and Constitution Owner's Manual. You can visit his personal website at MichaelMaharrey.com and like him on Facebook HERE
Latest posts by Mike Maharrey (see all)
- Signed as Law: New Jersey Repeals Sales Taxes on Gold and Silver - September 12, 2024
- Veto Override: North Carolina Takes First Step Against a Potential CBDC - September 10, 2024
- To the Governor: California Bills Would Legalize Cannabis Cafes and Sales at Farmer’s Markets - August 30, 2024