A Potemkin Economy, Constructed By Corrupt Politicians? Or Is That Too Hard On Those Promising Our Welfare?

TitanicTotal U.S. debt averages $828,000 per family.

The percentage of working Americans has fallen back to late 1070’s levels (When there were still some housewives).

The average student borrower owed $35,000 after graduation with a bachelor’s degree.

The average U.S. household owes $16,000 in credit card debt.

Real median U.S. household income is around $57,500.

The typical U.S. couple has saved $5,000 saved for retirement.

President Trump has pledged heavy spending on the military and infrastructure, plus his wall and is committed to a tax reduction.

Market values of stocks and real estate are highly inflated by injections of Federal fiat money, values that must collapse whenever enough people lose their faith.

Adding it all up, what can possibly go wrong as our Trump recovery follows our Obama recovery?

About Jack Curtis

Suspicious of government, doubtful of economics, fond of figure skating (but the off-ice part, not so much) Couple of degrees in government, a few medals in figure skating; just reading and suspicion for economics ...
This entry was posted in Economics, Goverrnment, Politics, Uncategorized and tagged , , , , , , . Bookmark the permalink.

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