Insight - Oct. 13th, 2022
Insight
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13-Oct-2022
The Federal Reserve Bank is trying to stop inflation from going up, as their efforts are inflicting much pain on the world by raising interest rates. Today on Insight, John and Josh Rosenstern look at the September inflation numbers that have just come out, as all of the financial markets of the world are responding to this Administrations' adding fuel to the fire. Brother Josh says this Congress has gotten us into this position due to poor government policy, triggered greatly by our government's reaction to the COVID pandemic, which brought on great supply and demand issues, and then increased government spending in the way of stimulus checks. America’s debt was sitting at 20-trillion at the beginning of 2016, now are debt is over 30-trillion. Brother John says it’s interesting to note, that from our founding fathers up until Ronald Reagan’s presidency, it took our nation that long to reach just one trillion in debt; meaning our government has gotten far too big and spends far too much.
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