Now that the U.S. Senate has passed a bill to fund the federal government through February 2022, Congress faces another deadline – the $28.9 trillion borrowing limit.
So while inflation grows along with America’s out-of-control debt, Democrats still sink deeper into a quagmire of dysfunction thinking that it is “fiscally irresponsible not to spend more money.”
It’s time for a conversation to unpack what all of this means to our wallets as the year ends.
Q&A:
- Why does Washington, DC, refuse to stop the spending?
- Americans are concerned about inflation because our basic costs of everything have risen dramatically in the past six months. Do you see this ending any time soon?
- Why would politicians push to spend more money amid such inflation?
- Explain the debt ceiling?
- What happened with Black Friday and Cyber Monday numbers this year? What does that tell you?
- Where may we get more information on economic matters such as inflation and commodities that can be a hedge against inflation?
Phillip Patrick is a spokesman for Birch Gold Group. He was born in London and read for his politics and international relations degree at the prestigious University of Redding. He spent years as a wealth manager at Citigroup in London’s Wall Street before taking his current position as a Precious Metals Specialist with Birch Gold Group in 2012.
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