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US Fiscal Inferno! US Government Debt Now Bigger Than US Economy, But Unfunded Liabilities (Promises) Are $632k Per Citizen (As California’s Governor Newsom Gives Away Free Healthcare To Illegal Immigrants)
Confounded Interest ^ | 12/31/2023 | Anthony B. Sanders

Posted on 12/31/2023 8:18:19 AM PST by Kaiser8408a

Yes, the US is engulfed in a fiscal inferno!

US government debt is now bigger than the US economy. This was unseen until 2012 when debt surpassed GDP for the first time.

In addition to almost $34 trillion in debt from our crazy spending, out-of-control government, we are on the hook for almost $213 TRILLION in unfunded liabilites (promises made to Americans that will likely not be honored).

The sad thing about the US Debt Clock summary is the $632,195 share per citizen of unfunded liabilties. That raises two questions. First, how can California’s Ken doll Governor Gavin “Greasy” Newsom give away free healthcare to ALL illegal immigrants? Second, since the invasion of illegal immigrants began under Biden/Mayorkas, will they be on the hook for the unfunded liabilities which they disordinately consume? Not likely. Maybe we should charge each illegal immigrant $632k admission fee.

California’s Ken doll Governor and fiscal imbecile Gavin Newsom.

(Excerpt) Read more at confoundedinterest.net ...


TOPICS: Business/Economy; Food; Government; Politics
KEYWORDS: biden; bidenflation; bidenlegacy; debt; entitlements; fed
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1 posted on 12/31/2023 8:18:19 AM PST by Kaiser8408a
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To: Kaiser8408a

CLOWARD & PIVEN, 101


2 posted on 12/31/2023 8:27:03 AM PST by CivilWarBrewing (Get off my back for my usage of CAPS, especially you snowflake males! MAN UP!)
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To: Kaiser8408a
--- "US government debt is now bigger than the US economy. This was unseen until 2012 when debt surpassed GDP for the first time."

This is THE frame around which all other political and geopolitical events are taking place.

Democrats and RINOs alike are proving incapable of any wisdom at all. In parallel, a whole lot of national politicians are quietly slipping out the back door, Romney-like. They are all readying their "I wasn't there when...." speeches.

Debt Clock

Federal Budget Deficit Grew to $2 Trillion in FY 2023 Tax Foundation, 12 October 2023

U.S. Credit Rating Changed From ‘Stable’ To ‘Negative’ As National Debt Balloons Daily Wire, 11 November 2023

"Half of all American workers now make under $41,000 per year.

"That comes to $3,400 per month.

"Given the median rent is $1,978 and used car payment is $528, that leaves precisely $894 for everything else -- food, utilities, medical insurance and premiums, clothes, car repairs, sick kids, and that once a year dinner out at McDonald's."

Peter StOnge


3 posted on 12/31/2023 8:27:31 AM PST by Worldtraveler once upon a time (Degrow government)
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To: Worldtraveler once upon a time

“Democrats and RINOs alike are proving incapable of any wisdom at all.”

*************

We often refer to RINOs as though they are but a portion of the Republican Party but the party’s long and sordid record of weakness and appeasement indicates that most of the party are RINOs. Just saying.


4 posted on 12/31/2023 8:33:51 AM PST by Starboard
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To: Kaiser8408a

Bad news everyone I ain’t no 632k so y’all SOOL🤣🤣🤣


5 posted on 12/31/2023 8:36:36 AM PST by The Louiswu (Pray for Peace in the world.)
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To: Kaiser8408a

It is worth noting that this is an equal opportunity debt. Everyone from Bernie Sanders to Donald Trump has had a hand in it.

Rand Paul is the exception. No one else seems to care. And since no one cares, no one will make any attempt to fix the problem.


6 posted on 12/31/2023 8:40:22 AM PST by Leaning Right (The steal is real.)
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To: Kaiser8408a

Not to mention the $5K visa cards the illegals are receiving, upon entering the US.


7 posted on 12/31/2023 8:43:45 AM PST by Jane Long (What we were told was a conspiracy theory in ‘20 is now fact. Land of the sheep, home of the knaves)
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To: Starboard
--- "We often refer to RINOs as though they are but a portion of the Republican Party but the party's long and sordid record of weakness and appeasement indicates that most of the party are RINOs. Just saying."

Just saying I agree with you.

When one thinks of a political party, it is represented by "leadership," and the leadership of the GOP of late seems to have been rather corrupt and Democrat-lite. My wife and I much prefer to call ourselves conservatives.

8 posted on 12/31/2023 8:46:57 AM PST by Worldtraveler once upon a time (Degrow government)
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To: Kaiser8408a

In other news, Noon will be at 12 o-clock today.


9 posted on 12/31/2023 8:48:48 AM PST by SaxxonWoods (Are you ready for Black Lives MAGA? It's coming.)
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To: Jane Long

.
Good point, and that’s just for starters.

But, Joey B is paying Pensions in Ukraine.

.


10 posted on 12/31/2023 8:50:31 AM PST by AnthonySoprano (Impeachment Inquiry is necessary since Deep State is blocking )
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To: Worldtraveler once upon a time

My wife and I much prefer to call ourselves conservatives.


That is ok, but it leaves us with a question of WHAT is a conservative. Few have thought about.

https://kirkcenter.org/conservatism/ten-conservative-principles/


11 posted on 12/31/2023 8:50:56 AM PST by PeterPrinciple (Thinking Caps are no longer being issued but there must be a warehouse full of them somewhere.)
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To: PeterPrinciple
--- "....but it leaves us with a question of WHAT is a conservative."

Indeed, one can dispute words and their meanings, sometimes to poor results. My wife and I think a bit in a "dart board" metaphor, beginning with God, a next concentric ring being ourselves and family, the next outward close friends and associates, and so forth, the "world at large" being the most outward ring.

For this, private property -- as well as freedoms of speech and self-protection -- is a key conservative perspective.

Consider Walter Williams' "but let me offer you my definition of social justice: I keep what I earn and you keep what you earn. Do you disagree?" Or the centrality of private title as Peruvian economist Hernando de Soto might identify, since conservatism is a human stance, wider that just within our national borders.

The "collective" stands against this, of course, as individual collectivists use that collective con to try to gain access to another's property, assets, savings and so on.

We say we are and act as conservatives, making allowance that our neighbor can hold a differing view, but not to overturn "I keep what I earn and you keep what you earn."

Best wishes.

12 posted on 12/31/2023 9:11:54 AM PST by Worldtraveler once upon a time (Degrow government)
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To: Worldtraveler once upon a time

To you sir, I give a Thinking Cap (tm) award.

For all, don’t just use the word, explain the word to others. Teach.


13 posted on 12/31/2023 9:21:01 AM PST by PeterPrinciple (Thinking Caps are no longer being issued but there must be a warehouse full of them somewhere.)
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To: Kaiser8408a

They’ve been talking about this for years, yet the economy hasn’t collapsed.

Why? Each year those statistics get worse yet nothing dire happens.

When exactly will that happen? And what will be the trigger?

When you cry wolf too many times, and there’s no wolf, people will stop believing you.


14 posted on 12/31/2023 9:21:35 AM PST by aquila48 (Do not let them make you "care" ! Guilting you is how they control you. )
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To: Kaiser8408a; All
Thank you for referencing that article Kaiser8408a.

"US Fiscal Inferno! US Government Debt Now Bigger Than US Economy, But Unfunded Liabilities (Promises) Are $632k Per Citizen (As California’s Governor Newsom Gives Away Free California Taxpayer Dollars For Healthcare To Illegal Immigrants)"


There! Fixed it.

Don't California taxpayers remember when they voted to pass referendum to give healthcare to illegal immigrants? /super-sarc

Given the contagious diseases that illegals are probably bringing into California and the rest of the country, California citizens deserve “free” healthcare too.

Leprosy, Polio, Malaria, TB, Measles … and Massive Unscreened Illegal Immigration (12.26.23)

Maybe anti-Trump Newsom and Biden are competing with each other to buy votes with unconstitutional illegal immigrant handouts.

Arizona Sheriff: Illegal Immigrants Being Handed $5,000 Visa Gift Cards, Cell Phones, And Plane Tickets (12.7.23)

Patriots, don't forget to primary all state and federal incumbent lawmakers and executives up for reelection in 2024, except for MTG, Gaetz & Company (and others?), replacing them with Constitution-respecting patriots who will support hopeful Trump 47 to finish draining the swamp.

15 posted on 12/31/2023 9:27:10 AM PST by Amendment10
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To: aquila48
They’ve been talking about this for years, yet the economy hasn’t collapsed.

Kinda a foolish statement.

It's like saying you get a cancer diagnosis, and you're not dead yet. Or, better yet, you jump off the top of a 100 story building and as you pass the 50th floor you are heard to say, "so far so good!"

16 posted on 12/31/2023 9:35:17 AM PST by icclearly ( )
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To: aquila48

When exactly will that happen? And what will be the trigger?


The when is hard to predict, don’t bother with that. The WHAT is inevitable.

We woke up one morning, read in the news that the Soviet Union, a major world power, was bankrupt. IT HAPPENED THAT FAST.


17 posted on 12/31/2023 9:39:57 AM PST by PeterPrinciple (Thinking Caps are no longer being issued but there must be a warehouse full of them somewhere.)
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To: PeterPrinciple; Worldtraveler once upon a time; Starboard; Kaiser8408a

“That is ok, but it leaves us with a question of WHAT is a conservative.”

Conservatism is mostly believing and sticking with past experience and what has worked in the past for hundred of years. They see the world as imperfect but they make the best of it. They also don’t mind trying new things, but they want to do it carefully and slowly, lest they make things worse. They’re mainly live and let live types.

The opposite of conservatism is radicalism. Radicals also see the world as imperfect and unjust, but they want to fix it by throwing out everything that has worked in the past, even if imperfectly, and replace it with their untried, juvenile, wishful thinking, idealistic ideas. Basically throwing out the baby with the bathwater. And they are so driven by such a messianic zeal to do so, that they don’t mind killing a few millions in their ruthless process.

This contrast is perfectly driven home by the great poem by Kipling “The Gods of the Copybook Headings”. I consider it the anthem of conservatism. See what you think.

https://www.poetry.com/poem/33442/the-gods-of-the-copybook-headings


18 posted on 12/31/2023 9:44:42 AM PST by aquila48 (Do not let them make you "care" ! Guilting you is how they control you. )
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To: icclearly

“It’s like saying you get a cancer diagnosis, and you’re not dead yet.”

OK, so you got this cancer diagnosis decades ago, and you’re still alive. What exactly have you done to protect yourself from it that caused you to keep living?

And what about the millions that didn’t do that and they’re also still alive.

Could it be that your diagnosis and cure are wrong?


19 posted on 12/31/2023 9:56:38 AM PST by aquila48 (Do not let them make you "care" ! Guilting you is how they control you. )
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To: aquila48
--- "...the brave new world begins / When all men are paid for existing / and no man must pay for his sins, / As surely as Water will wet us, as surely as Fire will burn, / The Gods of the Copybook Headings with terror and slaughter return!"

Yup.

Which is why Walter Williams' is both conservative, learned and concise.

The world of men seems quite broken into 1) "I will force you to do as I tell you, but you shan't tell me what to do", and 2) "leave me alone." Push back from the later to the former, and "terror and slaughter return."

20 posted on 12/31/2023 9:57:44 AM PST by Worldtraveler once upon a time (Degrow government)
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