Just an observation today about there being so much poverty in the Nation’s capital and around the country.
Homeless, hungry, and sick people on the streets in one of the richest countries in the world.
Yet, we have trillions going overseas to fight wars with seemingly little to no tangible benefits.
And so much ostensible waste with pork barrel politics, inefficiencies, and failed projects.
A relative joked with me the other day saying, “It doesn’t matter if you’re rich or poor as long as you have money!”
Here we borrow money ($17.6 trillion ) and print money and the Federal Reserve buys debt ($4.1 trillion ) to keep interest rates low and the economy churning.
People from real estate mogul, Donald Trump to Economist, Robert Wiedemer, who predicted the last recession, are warning of dire economic consequences because of these short-sighted policies.
So do we have real money to continue to burn or is it smoke and mirrors and as Wiedemer says, “the medicine will become the poison”–what do you think?
(Source Photo: Andy Blumenthal)