[Home]  [Headlines]  [Latest Articles]  [Latest Comments]  [Post]  [Sign-in]  [Mail]  [Setup]  [Help] 

Status: Not Logged In; Sign In

EUROPE IS COLLAPSING: €2 TRILLION MEGABUDGET Will Bankrupt the Entire Continent Extending Microsoft 10 Trump Says Coca-Cola Agreed On Major Reformulation To Use Real Cane Sugar Garland Favorito and VoterGA Appeal Inexplicable Dismissal of Curling vs. Raffensperger Election Ruling Born to Revolution: The “Red Diaper Baby” Roots of Zohran Mamdani and TodayÂ’s Democrats These Are Richest People In Every US State Education Department Investigates Foreign Funding At University Of Michigan After Arrests of Chinese Scholars Israel editing WIkipedia, Former Israeli Prime Minister Debunks Epstein Paul Joseph Watson: The Duran: Decisive battle for Pokrovsk MUST WATCH: Radical Change to the Financial System Is Maybe Coming Sooner Than We Thought Putin launches MASSIVE strike on Ukraine, Trump admits Ukraine CAN'T win - Col. Douglas Macgregor BREAKING: POLITICAL EARTHQUAKE: DOJ FIRES Maurene Comey, Federal Prosecutor Who Filed Key Court Docs to Keep Epstein Files Under Seal Jimmy Dore: CHINA & 20 Nations To Intervene & End Israel’s Genocide! 20,000 Women. 350 Kilometers. Zero Pay. In One Week. How Did Ibrahim Traore Pull This Off? Spain is in CHAOS! Revolution is in the air Joe Rogan Ambushes Gavin Newsom Via Text With A COVID Question He Never Saw Coming Batman Vs The Joker: Democrats Will Double Down On Chaos To Save Their Party US Vows To Quit IEA If The Agency Keeps Pushing Green Transition Tucker Carlson: People Are Frustrated That Certain Commit Crimes With Impunity No news again, but the battle of the machines marches on... Cash Jordan: Rioters ATTACK ICE HQÂ… Troops FLATTEN Uprising With ‘Zero MercyÂ’ Doctor Reveals What COVID Vaccines Do to the Lungs in Just One Week Sorry paid off influencers, MAGA bot accounts, and Satan....but I'm not going to just "move on" Marjorie Taylor Greene Bombshell Interview Welcome To The Land Of The Free... Until You Express An Opinion Putin ‘tells Iran to accept nuclear deal with no enrichment’ 76% of Honey at Stores is Fake "225,000 Ukrainians have now DESERTED the war" Ukraine is in a death spiral Col. Dan Davis The New York Times Finally Stops Avoiding The G-Word

National News
See other National News Articles

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: 522
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.

Post Comment   Private Reply   Ignore Thread  

#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   Trace   Private Reply  

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

The Truth of 911 Shall Set You Free From The Lie

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

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   Trace   Private Reply  

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

"Call Me Ishmael" -Ishmael, A character from the book "Moby Dick" 1851. "Call Me Fishmeal" -Osama Bin Laden, A character created by the CIA, and the world's Hide And Seek Champion 2001-2011. -Tommythemadartist

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

No inflation if you increase the money supply at the same rate as GDP.

We can spend the increase in Money Supply into circulation as opposed to taxing them to death.

The Truth of 911 Shall Set You Free From The Lie

Horse  posted on  2021-02-05   19:38:13 ET  Reply   Trace   Private Reply  

No inflation if you increase the money supply at the same rate as GDP.

That is true but it also requires fiscal discipline which govs as a rule do not possess.

Pinguinite  posted on  2021-02-05   20:26:13 ET  Reply   Trace   Private Reply  

the LG's would just have been the fed gov printing money.

That's always been my understanding, too. But then, I'm not a money man.

StraitGate  posted on  2021-02-05   20:29:08 ET  Reply   Trace   Private Reply  

[Home]  [Headlines]  [Latest Articles]  [Latest Comments]  [Post]  [Sign-in]  [Mail]  [Setup]  [Help]