Pride goeth before destruction, And an haughty spirit before a fall. Better it is to be of an humble spirit with the lowly, Than to divide the spoil with the proud.
Total US Government Revenues in the 2023 fiscal year were $4.44 Trillion from all sources. This includes Social Security and Medicare Taxes.
If you subtract the Social Security and Medicare Taxes, the remaining General Fund Revenue is $2.9348 Trillion.
Total General Fund Revenue of $2.9348 Trillion divided by our $35.6 Trillion debt is 8.5%. That means that if interest on the National Debt reaches 8.5%, it takes 100% of our General Fund Revenue just to pay interest with ZERO left to run the government.
Many of you remember rates of 15% to 20% in the early 1980’s thanks to Carter.
“The most noteworthy health incident that Vice President Biden has experienced was his intracranial hemorrhage from a cerebral aneurysm in 1988. His aneurysm was repaired surgically,” wrote Dr. Kevin O’Connor, an associate professor of medicine and the director of executive medicine at George Washington University, who treated Biden at the time.
“During this workup, his team discovered a second aneurysm, which had not bled. This was also treated. He has never had any recurrences of any aneurysms.