U.S. debt rising from 79% of GDP to 123% of GDP, as it has since just before the beginning of the pandemic, from the end of 2019 to the present counting the now $3.5 trillion all but certain new spending bill plus unspent funds from previous bills, is a first for America. This debt increase represents a massive redistribution of U.S. income pure and simple. People who don’t work get paid, companies who borrow get their debts forgiven tax-free, and government beneficence distributed to one and all are all part of the so-called stimulus funds. READ MORE