Chart Shows Just How INSANE Government Spending Is Right Now

Robert Gehl reports that this summer, Congress is going to raise the debt ceiling – again.

It’s more of a fact than a prediction, as the nation’s cash reserves slowly dwindle down to zero.

The Fed has reached the end of their financial jiggling and are bumping up against the $19.69 trillion debt ceiling. According to ZeroHedge, the current federal debt stood at $19.22 trillion last September and we are burning through cash at a rate of $3.2 billion per day.

There are few options. Congress could slash federal spending to almost zero, but the entitlements alone will force the debt ceiling to go up.

…continue reading

 

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