I’ve been told my entire life that we are driving ourselves toward ruin and yet, our debt just keeps climbing, with no real consequence. At this point I’m 49 years old. I’d bet that I’ll be dead and gone and this debt will be sky high with not a damn thing changing.
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The Federal Debt should never be a concern because unlike your personal finances, it is out of your control.
Now about those Federal Debt mouthpieces that have been complaining, lecturing, scare mongering, pretending they’re economic geniuses & pontificating your whole life about the dangerous Federal Debt:
“They’re stupid people that are full of shit.”
When the Federal Debt was paid off in 1835 or 1836, the Panic of 1837 followed with about 7 years of a deflationary economy.
When Civil War Debt was being liquidated we entered a deflationary period between 1873-1893.
When WW1 debt was cut by a third over a decade, we entered the deflationary 1920’s & 1930’s.
Don’t listen to the hype just live your life and carry on.
What was the debt service delta between those timelines and today?