Hyperinflation
The US government, the Biden admin, has already passed one huge Pandemic-related bill earlier this year and is in the death throes of passing two more:
1. The American Recovery Plan Act was passed by the Dems to the tune of $1,900,000,000,000.
2. The Infrastructure Investment and Jobs Act is waiting passage to the tune of $1,200,000,000,000.
3. The Build Back Better Bill (The Bernie Sanders, “Damn Right I’m A Socialist” Bill) is awaiting passage to the tune of $3,500,000,000,000, but has been sent to the gym and whittled down to $1,900,000,000,000.
This is a “nominal” total of $5,000,000,000,000 ($1.9T + $1.2T + $1.9T = $5,000,000,000,000), but it will actually be far more — at least 2X — than that nominal amount because of the bogus way Congress prices such bills.
See:
The Black Magic of Congressional Arithmetic
for an explanation of how Congressional arithmetic really works. Continue reading