Comments by "worn down" (@worndown8280) on "" video.

They need to raise rates. They are lying about how low inflation is. The reason why is if they raise rates any higher, more and more banks will implode. So we have have a depression or moderate inflation. The government chose inflation. But come 2033 that all ends. There wont be enough money to pay SSI and service the debt. So SSI will be cut 20%. That alone will cause a depression.
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To be real, this started under Trump, if you are talking about the period of inflation, while Trump was president close to 1 trillion in money was added into circulation. But neither Trump nor Biden are specifically at fault. Ok maybe more Biden but only because he has been in Congress for 50 years before being in the White House. This is what happens when you overspend for 80 years on war, social services and endless bailouts. Both parties did it. Both need to own it.
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@Peglegkickboxer 11-14% of the Federal budget gets spent on military items. Over 60% for social services. I reject your claim.
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@Rev-di1vl that's a reason. But he still did it. Then Biden did the same thing. No my issue with Trump is in 2018, when he leaned on the Fed to reduce rates, which they did, because the economy started to show signs of failing. And I don't blame Trump except for the things he chose to do. Same with Biden. We either hold our leaders accountable, for both the good and ill the do or we aren't free people.
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@i_grok_u2902 That eventually will happen, but I was referring to the immediate future. Last year had the most bank failures in value. Thats the main reason for the "pause". Our entire financial system never recovered from 2008. We just papered over it. Its why rates were at a laughable 0.25% for near a decade. But you are correct. At this rate of spending, not only is it causing inflation but it will become unserviceable.
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@mattrandall1808 Thats literally what I wrote. That and there isnt a "trust fund". Just the general fund.
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