Lear Capital

This is the most important chart to understand for America's future, both economically and politically. The federal budget will go out of control even if we have no wars or recessions for the next 30 years. We felt the consequences of the huge deficit spending spike in 2020: -The worst inflation wave in four decades, leaving typical households worse off today than they were five years ago. -Interest rate hikes that have put a family home out of reach for young couples across the country, not just in coastal cities. That means fewer children, dimming the nation's future. -Interest rates have also made payments to cover the national debt surge to the highest levels (relative to the economy) in generations. This will be an anchor around our feet. We're set to have larger and larger deficits as federal spending grows on autopilot every year. That means more inflationary pressure, keeping the cost of living high and making it harder to bring interest rates down. The problem isn't a lack of revenue, but the relentless growth of government. Congress has refused to do real budgeting for too long. America can't afford for its leaders to sleepwalk their way to a national bankruptcy. It's time to get serious...