4um: Who's Hiring And Who's Firing: Government Accounted For 88% Of All January Job Gains

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Title: Who's Hiring And Who's Firing: Government Accounted For 88% Of All January Job Gains
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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: 316
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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#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
#2. To: Pinguinite (#1)
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
#4. To: Horse (#2)
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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