That is going to be $43 million in the not too distant future.
People look at this stuff with a static eye. But lets look at the past 25 years and think about what’s happened to upset the apple cart:
1. 9/11 and 20 years of war.
2. 2008 financial crisis caused the government to take over the financial markets
3. The pandemic shoved trillions into the system that need to be sucked back out.
None of those things were “prepared for” and it just added “extra” to the debt.
Part of risk management is assuming that something bad is going to happen. Congress does no risk management. They walk around acting surprised if something goes wrong. That is the difference between prudent people and idiots.
My father told me not to buy a house until I had enough savings to replace the furnace because inevitably, the furnace is going to break. It took three years in our first old home…but he was right.
This country’s “furnace money” is a printing machine.
“None of those things were “prepared for” and it just added “extra” to the debt.”
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Great post! The profligate government spend-a-thon never considers the inevitable cost burdens of occasional national emergencies and therefore the irresponsible politicians wind up borrowing on top of borrowing to pay for them. Of course it doesn’t really matter to the spenders because they don’t pay for it. They’re all well taken care of financially and will have a comfortable retirement regardless of what consequences the unsustainable debt brings.