$6 Trillion in Government spending and stimulus checks was too good to be true, now we’re paying for it

Rev 6:6 NAS “And I heard something like a voice in the center of the four living creatures saying, “A quart of wheat for a denarius, and three quarts of barley for a denarius; and do not damage the oil and the wine.”

Important Takeaways:

  • More Misery on the Way: Americans Can’t Afford Gas and Groceries, so Economists Say Recession Very Likely
  • With inflation now at 8.6% and food prices rising the fastest in 40 years, Americans are trying to find ways to get by, and that means less spending.
  • Credit card debt, which dropped during the pandemic as Americans used government stimulus checks to pay down balances, has rebounded to all-time highs.
  • Almost half of the economists surveyed by The Wall Street Journal say a recession is likely in the next 12 months.
  • Analyst Joel Griffith at the Heritage Foundation, has been runaway government spending.
  • “Look, we spent about 6 trillion dollars extra over the past two years than we normally spend, and nearly every last dollar of that was printed by the Fed to purchase government debt. That’s why we have inflation now”

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