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The U.S. government, which is saddled with $34.6 trillion in debt, is going to have a tight life this year! The last time the U.S. government interrupted some federal departments due to a fiscal crisis was when Trump was in office

author:Professor Hong Hao, a financier

The U.S. government, which is burdened with $34.6 trillion in debt, is going to have a tight life again this year!

The last time the U.S. government disrupted some federal departments due to a fiscal crisis was during the Trump administration, from December 22, 2018 to January 25, 2019.

Just in the early morning of the 23rd, the U.S. Senate finally passed a budget package with a total expenditure of $1.2 trillion, so that the federal government's finances can last for another half a year.

Of the $1.2 trillion budget, 886 billion went to the Department of Defense, and there are still plenty of bullets to deal with external crises, but less than 400 billion is left for other departments, which shows that other departments are stretched thin.

After Biden took office, he did not let the US government live a good life, and he raised interest rates 11 times in a row in two years, which severely hit the US real estate industry, investment, and corporate financing.

The US government, which has no money, can only secretly "grab" and fine Zhao Changpeng, the richest man in the past, 50 billion yuan, and then set its sights on the Adani Group, the richest man in Asia, and use various laws to "fine and generate income" has become the tacit path of the "impoverished" US government to make money.

#美国会批准1.2 trillion dollar budget The federal government can "hold on" again# #MCN首发奖励计划# #春日生活打卡季#

The U.S. government, which is saddled with $34.6 trillion in debt, is going to have a tight life this year! The last time the U.S. government interrupted some federal departments due to a fiscal crisis was when Trump was in office
The U.S. government, which is saddled with $34.6 trillion in debt, is going to have a tight life this year! The last time the U.S. government interrupted some federal departments due to a fiscal crisis was when Trump was in office
The U.S. government, which is saddled with $34.6 trillion in debt, is going to have a tight life this year! The last time the U.S. government interrupted some federal departments due to a fiscal crisis was when Trump was in office
The U.S. government, which is saddled with $34.6 trillion in debt, is going to have a tight life this year! The last time the U.S. government interrupted some federal departments due to a fiscal crisis was when Trump was in office

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