In 1982 the federal budget deficit rose above $100 billion for the first time (those were the good old days!), and then-President Ronald Reagan agreed to an infamous budget deal with then-House Speaker Tip O’Neill. Democrats would agree to $3 of spending cuts for every $1 of tax increases. Reagan foolishly agreed to the deal. The taxes went up. The spending cuts never materialized.
Reagan used to fume for the rest of his presidency, “I’m still waiting for those $3 of spending cuts.”
Back then Democrats at least pretended they would cut spending. Democratic presidential candidate Michael Dukakis pledged in 1988 that he would “only raise taxes as a last resort.”
My, how times have changed. Now we have red ink multiple times higher than back then, with the Biden-Kamala baseline forecast calling for $2 trillion in deficits from now until kingdom come. The Democrats are entirely untroubled by the forecast and act as though the federal credit card has no limit. […]
— Read More: hotair.com
It’s becoming increasingly clear that fiat currencies across the globe, including the U.S. Dollar, are under attack. Paper money is losing its value, translating into insane inflation and less value in our life’s savings.
Genesis Gold Group believes physical precious metals are an amazing option for those seeking to move their wealth or retirement to higher ground. Whether Central Bank Digital Currencies replace current fiat currencies or not, precious metals are poised to retain or even increase in value. This is why central banks and mega-asset managers like BlackRock are moving much of their holdings to precious metals.
As a Christian company, Genesis Gold Group has maintained a perfect 5 out of 5 rating with the Better Business Bureau. Their faith-driven values allow them to help Americans protect their life’s savings without the gimmicks used by most precious metals companies. Reach out to them today to see how they can streamline the rollover or transfer of your current and previous retirement accounts.
