Just curious, what do you think about 18 trillion in US debt?
The 18 Trillion, or whatever it actually is, is deplorable. I believe we were in much better shape, if not out of debt during the Clinton years thanks to the Republican Congress and Reaganomics. Then one of the biggest GOPe socialists, Bush, and our Marxist socialist you know who made it worse.
Socialists love other peoples money.
The US private retirement system (401K & IRA) is valued somewhere around 22 trillion.
In theory, this is a perfect match, just taxing the hell out of private pensions to pay off the debt. If they did it and got by with it, most if not all of that money would never be applied to the national debt, it would be for some new program.
The gimme gimme, now now crowd would still be angry like spoiled babies wanting more candy, and those that got their hard earned pension money robbed would be extremely pissed. Add to this obabma’s kids claiming it’s racist not to give them whitey’s retirement money, and we have CWII.
There are three very heavily armed groups in the US: The US Military, the police forces, and the conservative citizens. All three groups are currently pissed off at the regime. CWII would be over in a heartbeat. All of the pent up anger inspired by the regime would create a backlash fury never seen before.
But we are so heavily armed unlike Cypress or other defaulting nations such as Greece and Spain, I just don’t think it will happen.
I think Cruz is our best bet.