ACTV - A U.S. Macroeconomy In Peril

2024-03-09 03:40:42 ET

Summary

• California is facing a historical budget deficit of $68 billion due to a loss of revenue, leading to potential tax increases and a cycle of people and businesses leaving the state.
• It's not only California. Roughly half of Americans live in states that report short-term budget gaps, potential long-term deficits, or both.
• Russia's war in Ukraine is at the two-year mark, with no end in sight. That is creating a huge financial black hole for the US.
• Regulations and more regulations. They continue to place the US at a huge disadvantage.
• These aren't opinions; they're simple facts representing the reality of the situation in the US today.

Macroeconomy

The evidence continues to pile up. The US MACRO economy is under attack from poor policy decisions all based on a socialist mindset and embedded in a black hole AKA climate agenda.

This presentation will highlight many issues by providing the irrefutable factual background that had the potential to take the US economy into a deep recession. The probability of this occurring is VERY high UNLESS change comes quickly. That isn't my opinion, there are economists, analysts, and some entities in Washington warning that the path the US is on is unsustainable.

The recession that everyone was calling for (including me) has not materialized, instead, the US economy, by some measures, is doing quite well. Let's start to take a look under the surface. California is the largest contributor to US GDP, and California is also in financial trouble. The days when states like California and New York rode the gravy train of Covid handouts are over. The state finds itself having to stand on its own and is now facing a historical budget deficit that is forecast to be 73 BILLION . To put that in perspective, New York, which is the second-largest contributor to US GDP, is ONLY running a 4 BILLON deficit. ...

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