Pouring dry powder into crypto. The more it falls the more I buy. The more uncomfortable I get the better I feel. Chaos is a ladder.
#Crypto#bitcoinboy#xrp#buybuybuy#bigballs
This is not investment advise.
10-year old kid knocked on my door
Offered to mow my lawn for $20
I love encouraging young entrepreneurs
So I hired him to mow all 10 houses on my block
Paid him $200. He was grinning ear-to-ear.
Then I charged each neighbor $125 for a "premium lawncare service"
I made a $1,050 profit by arbitraging labor
Welcome to capitalism, kid
“If the country goes insolvent, if all the money is just spent on paying interest on debt, there's no money left for anything. A country is no different from a person. Country overspends, country goes bankrupt, same as a person who overspends goes bankrupt. So it's not optional to solve these things. It's essential.”
In this thread I want to give you an idea just how insane the current government spending is and how far we drifted away from any sustainable fiscal spending.
This is all based on reported numbers and there are no assumptions/forecasts.
In the current fiscal year, the government already spent $4,159 billion. This is for the first 7 months and the fiscal year ends in September.
The latest available data is as of April. The already accrued deficit amounts to over $1 trillion: $1,049 billion.
You can see in the chart how net interest expense has become the #2 largest spending category at $579 billion (for 7 months) after social security ($907 billion) and even exceeded national defense ($536 billion), health ($555 billion), and Medicare ($550 billion).
The deficit is 34% of total receipts! (1049/3110)
In other words: the government spent 34% more than it took in.
#Commanders QB Sam Howell will only make $2.9 million in base salary over the next THREE years combined.
The Commanders have a good opportunity to build a strong roster around him while he’s still on a very cheap rookie contract.
It’s one thing to be on a rookie 1st round contract, but Sam Howell was a fifth round pick. He’s making $870k this year.
He leads the league in passing yards and is 3rd in passing touchdowns.
Quite a bargain for Washington.