BKP talks about Jan6, economy, cost of living adjustment, and more

They are working on the plan for Joe’s exit strategy. It will probably happen after November.

Jan 6 is all about Trump and not letting Trump run again. Trump will do in his second term what he couldn’t do in his first.

The economy. Janet Yellen. We have a week of economic numbers coming this week. The reality is what you feel at home. This week the consumer confidence number will be out. On Wednesday the Fed will raise interest rates. On Thursday the GDP will show six straight months of negative growth. This is the definition of a recession. Janet Yellen said the labor market is strong, a recession is broad based weaknesses. Cnn says it is tricky that you usually don’t know you're in a recession until you come out of it. That inflation is slowing as gas is down. If you are sitting at home, you decide if we are in a recession. Have you started eliminating the trips to down, changing what you are spending your money on. Are foreclosures increasing, payments are late, cars are getting repoed. Look to see investment groups putting billions of dollars together to buy up foreclosed properties.

A cost of living adjustment for seniors may get another cost of living adjustment. On one hand it is good but it doesn’t come close to covering the increased prices of inflation, gas prices, prescription drugs, property taxes. If you give the seniors adjustment, the US will have to borrow the money. What a cost of living adjustment cost in total to America for social security. The total cost we are going to put out for social security, the US will have to borrow. How much does it cost Americans to borrow that money?