Posted on 05/07/2019 9:47:59 AM PDT by DCBryan1
The interest payment on the national debt (22.7 Trillion) is closing in on $500 b-b-billion. Let that sink in.
Each time the Federal Reserve hikes interest rates...the interest payment on the debt goes up billions.
Unfunded liabilities such as SS, Medicare, Medicaid is in excess of $100 Trillion. Good grief!
Nope, not even a little bit.
Not one suggestion on this thread will ever be enacted, and I'm certainly not looking to the politicians who caused the debt for solutions, so if you don't mind I'll continue not to worry.
Fed.gov will spend $4.7 Trillion this year. Social Security, Medicaid/Medicare, Defense, and interest payments on existing debt are 70% of this total. These are all long-term, automatic spending plans, and are basically untouchable.
So only 30% of the total expenditure actually runs the remainder of the entire government. In sum, most of what is borrowed every year merely goes to fund the operations of Fed.gov
Regardless of who is in charge, spending grows about 5-6% per year, while the economy, if lucky, will grow 3-3.5%. Much worse of someone like Obama or Sanders gets elected
So what can be done? NOTHING. Washington DC and the deep state are effectively on autopilot. RINOs and DEMS simply fight to see who gets to sit in the jump seat.
Just repeal zero based budgeting and problem solved.
The things you listed would be the tiniest dent. That's not going to get it done.
The r's and d's don't care. The 'wealthy' can always go to another country. The can kickers win again.
How were his hand tied? He had the House and the Senate for two years. By your logic, EVERY President’s hands are tied when it comes to the debt.
Correct.
But he was used by the Uniparty to get their boy Raping Bill Clinton into office.
His hands are tied because there is no human solution to the problem. In all seriousness, the problem is not the politicians. The problem is the voters. The only solution that would work without a reset via a hot war is severe austerity, which would never fly with the voters.
So the only solution is to make the economy continue to grow via debt until it simply comes crashing down. I think it’s why people really support a higher minimum wage. It monetizes the debt. But eventually that will lead us into runaway hyper inflation.
And once our debt service is greater than our income, watch out. Did you see the video I linked. If nothing else it’s pretty darned funny. :)
I’m not worried about the U.S. Debt, heck, can’t we just “forgive it” like the Dems want to do for student loans debt?
Who would they be in debt slavery to? Most other nations have huge deficits,too.
A forced debt jubilee(like the Hebrews did every 7 years) is what will be pushed with all nations being forced to agree. It might not be a bad thing but unfortunately an evil being will probably be in charge of it and telling folks...”everyone will have to get this little mark, see!?”
Oh, it’s a total disaster. That’s the funny part about this whole political game. There is almost zero difference between the two parties. The only major difference, as I see it, is the 2nd Amendment. That’s why I vote on that issue alone. On all other issues, there is almost no real difference. We are screwed.
Yep. That is why I became a Trump fan, but only after the election.
Our current situation is not Democrat vs Republican. It’s Trump vs everyone else. It’s just the the republicans are trying to not expose their hand.
By the way, from a different perspective, it’s also the left vs everyone else. That is why this leftist takeover of the democratic party will go very badly for them.
The Shanghai Index is down about 10% since mid April. While that’s not a huge drop its probably enough to make some of the ChiComs and Communist Party members a little nervous. A sharp downward slide could lead to the beginnings of some unrest.
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