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Title: Who's Hiring And Who's Firing: Government Accounted For 88% Of All January Job Gains
Source: [None]
URL Source: https://www.zerohedge.com/markets/w ... unted-88-all-january-job-gains
Published: Feb 5, 2021
Author: Tyler Durden
Post Date: 2021-02-05 14:06:21 by Horse
Keywords: None
Views: 582
Comments: 7

The government accounted for almost all of the headline gains, with 43K of 49K jobs, or 88% of all.

Poster Comment:

This won't last long. Neither will $4 trillion annual budget deficits.

At this rate whoever becomes President in January 2025 will inherit a $50 trillion national debt. Suppose the interest rate due to inflation rose to 10%. That would add $5 trillion to our annual $4 trillion budget deficit.

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Begin Trace Mode for Comment # 2.

#1. To: Horse (#0)

At this rate whoever becomes President in January 2025 will inherit a $50 trillion national debt. Suppose the interest rate due to inflation rose to 10%. That would add $5 trillion to our annual $4 trillion budget deficit.

That assumes we last that long.

It's one silver lining to Trump losing. He won't be blamed for the crash of the dollar that has a good chance of happening within the next 4 years.

Not that Trump was fiscally responsible. Addressing the debt is something he completely failed to do on his term.

Pinguinite  posted on  2021-02-05   14:16:15 ET  Reply   Untrace   Trace   Private Reply  

If we had Lincoln's Greenbacks, there would be no national debt.

Horse  posted on  2021-02-05   14:36:02 ET  Reply   Untrace   Trace   Private Reply  

#3. To: Horse (#2)

If we had Lincoln's Greenbacks, there would be no national debt.

As I understand it, the LG's would just have been the fed gov printing money. Sure it cuts out the fed reserve and incurred debt, but it just replaces it with inflation, as happened pre-1789 with colonial money.

Pinguinite  posted on  2021-02-05 17:01:12 ET  Reply   Untrace   Trace   Private Reply  

There you go again talking about history and telling the truth. C'MON MAN... nobody has time for that.

TommyTheMadArtist  posted on  2021-02-05 18:03:17 ET  Reply   Untrace   Trace   Private Reply  

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