After the extreme surge in income and spending in January (as government handouts gushed across the nation), analysts expected February to see some give back (more on the income side than on the spending side) – they were right.
- Americans’ income fell 7.1% MoM in February (-7.2% exp) vs the 10.1% (revised up) rise in January.
- Americans’ spending fell 1.2% MoM in February (-1.0% exp) vs the 3.0% (big upward revision) jump in January.
That is the largest MoM decline in Americans’ income on record.
…
21% of all income was in handouts from the government, down from 26.9% in January…
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If you throw in the new spending bill (still growing but approximately $4 trillion), it is clear that the government is bankrupting the country. Why? Because debt is the preferred method by tyrants to enslave people.
Wealth is already gone for the middle class. Taking guns is mandatory for their next step. The redistribution of private property is then on their agenda once we are disarmed and vaccinated.
David DeGerolamo
The fat lady is warming up and the last dance is forming up. In the end it will be up to the people if they want to be free or if they want to be slaves. I can only hope and pray that the majority will choose wisely, stand tall and push back against these tyrants as a free people & free country.
David -- --
You asked “… it is clear that the government is bankrupting the country. Why?”
Answer IMHO:
The Demon-nikRats want a one-Party System and are following the Cloward-Piven Strategy to push that desire to fruition. They, like all other totalitarians, don’t give a flip about who gets chewed up in the process since the end justifies the means.
They keep poking the Conservatives like a fool poking at a hanging hornets’ nest wanting the Conservatives to push back lashing out in rebellion.
This so the libtard/Communists can claim moral high ground, pointing to the Conservatives saying, “ See, we told you that they were all violent insurrectionists (Not like our mostly peaceful street thugs in Antifa, Black Bloc and those purpled hair twinkees…).”