A walk down memory lane. LOL Yes, we’ve kind of been there before but those folks were not quite the obsessive haters that this new crop is. Combine this with an ever growing field of Democrats who want to take on Trump and things could get really ugly over the next two years. The question is how much of their revolutionary radicalism will America be willing to put up with?
The new Dems will control the purse strings (which the Republicans failed to do) and will demand evermore spending. The problem this poses for them is that we are already running a $22 trillion debt on top of mountains of unfunded liabilities. The only way the Dems will be able to spend more is to tax more, which will retard economic growth and reverse the current state of prosperity. This could get them into trouble.
“A walk down memory lane. LOL Yes, we’ve kind of been there before but those folks were not quite the obsessive haters that this new crop is”
Like I said, Congress one beats 74 by a mile on being crazy. Glad you agree with me on that.
I believe we are past the point of no return on the debt. The only question now is how will we go forth with that millstone in place. Only as long as the US is the only game in town. Meanwhile, the dems are trying their best to take the US out. If or when they accomplish that, the bubble bursts and it all comes down. Whoever is in charge will get the blame.
Debt is like taking drugs. Addicts try it, nothing bad seems to happen so they take more. They get hooked and at that point they don’t care to change. That is where we are now. Unfortunately, even if we resolve to sober up, we have a “need” to keep it rolling which has meant affording our debt with low or no interest rates. That is over now too. At the end, we will monitize it by running out more “money” with the end point of hyper inflation.
My advice is buy a wheel barrel.