America is bankrupt. There is no way out. The GOP participated in that, but the Dems are worse.
Relax. Sosha Security will be just fine.
Biden Biden Biden…….
Joe Biden can barely walk and talk.
This is all about 97 or so Senators. And about 375 Hous emembers that do not give a flying F**K about you and me.
STOP ELECTING THESE PEOPLE. STOP ELECTING LINDSEY GRAHAM AND THOSE LIKE HIM.
If you haven’t figured out by now, it’s all for show. There’s a reason for the term UNIPARTY.
But if I don’t vote for ?????? the Democrat will win. How’s that working out?
When a hole is dug so deep you can’t climb out, it becomes a grave.
Stupid voters vote in even more stupid politicians to create the dumbest laws...and bankrupt us.
Its completely unsustainable. It will never be repaid. That’s 100% certain.
Don’t ask me though if it will be a total debt collapse/abrogation, or bouts of hyper-inflation which turns that old debt (and lots of new debt) into worthless paper
I suspect it will be the later, defined by cycles of debt collapse, and then hurried money printing to re-inflate.
That, unfortunately, will cement tyranny in place in the USA as “central planners” go from pillar-to-post claiming to solve the problem while centralizing their power.
An outright collapse, ala the Soviet Union, would be much better
Eventually the banks will be raided.
Welcome To The United Banana Republics Of America! US Debt At $31.8 TRILLION And Growing Fast, Unfunded Liabilities At $188 TRILLION, Personal Taxes Will Be Rising To Pay For This Outrageous Spending Splurge
https://confoundedinterest.net/2023/06/10/welcome-to-the-united-banana-republics-of-america-us-debt-at-31-8-trillion-and-growing-fast-unfunded-liabiliities-at-188-trillion-personal-taxes-will-be-rising-to-pay-for-this-outrageous-spending/
https://freerepublic.com/focus/f-bloggers/4159838/posts
Inflation in the United States
https://imprimis.hillsdale.edu/wp-content/uploads/2022/01/Imprimis_Jan_12-21_8pgWEB.pdf
U.S. Debt Clock
http://usdebtclock.org/
The OMB table puts into perspective where I and many of us were when we probably first began to pay attention to our world, and where we are now. In midst of the Cold War, just after JFK took office in 1961 the federal government spent $98 billion dollars with 51% going for defense and 27% for payments to individuals. The estimates for 2022 are a total of over $5 trillion expended with 15.6% going for defense and 73% for payments to individuals.
Federal Budget Historical Tables (OMB) Table 6.1
https://view.officeapps.live.com/op/view.aspx?src=https%3A%2F%2Ftrumpwhitehouse.archives.gov%2Fwp-content%2Fuploads%2F2020%2F02%2Fhist06z1_fy21.xlsx&wdOrigin=BROWSELINK
In 2021 the guy heading World Magazine wrote an editorial complaining about Biden’s proposed spending and I just had to respond to this and a previous editorial.
“You advocated equivalency between a guy suffering from dementia and strange sexual proclivities, and one of the few in Washington who took actions for the judicial branch that demonstrated he seriously regarded his oath to support and defend the Constitution. He also didn’t start any wars, but instead brokered the Abraham Accords bringing peace to Middle East countries.
Now you complain of the victor behaving according to type and offering unlimited free stuff.”
When considering how both parties in Congress raised the debt ceiling without any apparent change in course, this latest Babylon Bee did not seem so trivial after all. Something really unpleasant could happen soon.