Will U.S. Government Spend $10 Trillion in One Year?
April 8th, 2021Via: ZeroHedge:
If the Biden Administration’s Infrastructure Program is signed into law, the U.S. will have spent nearly $10 TRILLION in a single year.
Yes, Trillion with a “T”
This is:
1) Equal to the GDPs of Japan, Germany and the U.K. combined.
2) More than the U.S. has spent during the last FIVE recessions combined.
3) More than the combined annual wages of all Americans.
That last one really gets me. If you add up all the money earned via wages by Americans in the 12 months, the U.S. Government has spent more money than that!
And finally, the ultimate jaw dropper…
The U.S. government will have spent an amount roughly equal to 50% of its GDP… in a single year.
And it’s going to unleash an inflationary storm.
