IPFS News Link • Pensions
The $6 Trillion Pension Bailout Is Coming
• https://www.zerohedge.com by Lance RobertsThis past week, Trump announced he had reached an agreement with Congress to pass a continuing resolution which will suspend the debt ceiling until July 2021.
The good news is that it will ONLY increase spending by just $320 billion.
What a bargain, right?
It's a lie.
That is just the "starting point" of proposed spending. Without a "debt ceiling" to constrain spending, the actual spending will be substantially higher.
However, the $320 billion is also deceiving because that is on top of the spending we have already committed. As I noted just recently:
1 Comments in Response to The $6 Trillion Pension Bailout Is Coming
Taxation is child sacrifice.