One Trillion dollars. That is how much America now pays on the interest on the debt. The Socialists have run out of other people’s money. Unless a balanced budget amendment is passed hyper-inflation is inevitable.
I suggest stocking up. Especially get a freezer full of meat from a local farmer. Hyperinflation is inevitable. You’ll never convince these politicians, with their indexed pensions, to not destroy the United States.
> Unless a balanced budget amendment is passed hyper-inflation is inevitable. <
Yep. Every last member of Congress wants a balanced budget. But their pet projects must be exempted! We simply must have another fleet carrier, or more money for gay rights in Pakistan, or whatever.
And we certainly cannot have an amendment that would hamstring all these very worthy causes.
So hyper-inflation, here we come. As you noted, it’s inevitable. And to make matters worse, it’s not Ike’s America any more. Nasty rioting will accompany the hyper-inflation.
A balanced budget amendment will guarantee ever-increasing taxes year upon year. The excuse for increased taxes will be it is constitutionally mandated by the balanced budget amendment. It is ONLY spending reductions and future limits that stop the hemorrhaging. The new amendment that MUST transpire to set things in stone is one that simply states “if a government action is not explicitly specified in the Constitution, it is forbidden to the federal government.”
> Unless a balanced budget amendment is passed hyper-inflation is inevitable.
According to the internet, most experts agree that hyperinflation is unlikely...
https://www.investopedia.com/are-we-in-for-a-hyperinflation-5093627