‘Doomsday Clocks’ Likely Needed Before Congress Hikes Debt Limit (Difficult Questions With $31.5 TRILLION in Federal Debt And A Staggering $173.6 TRILLION in UNFUNDED LIABILITIES (Social Security, Medicare, Etc.))

Its that time again when Congress does its Kabuki Theater drama about raising the US debt limit. Of course, everyone in Congress and the Biden Administration want to spend trillions of dollars so they will hike the debt limit.

With the US government facing the danger of a payments default later this year, Congress has a variety of paths to avert economic disaster and boost the debt ceiling.

All of them would likely involve going right up to the market-rattling brink, according to current and former lawmakers and aides.

The timeline kicks off within weeks, when Treasury Secretary Janet Yellen is expected to advise that the government will deploy extraordinary accounting measures to avoid running out of cash. Those steps are forecast to be exhausted after July.

Nothing has been the same since the financial crisis of 2008 and the ascension of all-time big spender Nancy Pelosi as House Speaker. Budget deficits have never been the same. The last budget surplus was under House Speaker Newt Gingrich. But since the financial crisis of 2008, Federal spending seems to have increased its trajectory.

Note that mandatory spending (Medicare, Social Security, etc) is growing like a wild fire while discretionary spending is seemingly flat. So, it mandatory spending that Congress will pretend to cut.

Then we have defense spending. The Ukraine spending should come from this pot, but forces decisions to make between Ukraine and taking care of our Navy (to compete with the growing Chinese navy).

Of course, as The Fed fights inflation, we are seeing the COST of Federal debt soaring since Covid.

And the US is facing, in addition to $31.5 TRILLION in debt, a whopping $173.6 TRILLION in UNFUNDED LIABILITIES (Social Security, Medicare, etc).

(And the US is facing, in addition to $31.5 TRILLION in debt, a whopping $173.6 TRILLION in UNFUNDED LIABILITIES)

As I’ve mentioned here several times.

We’re now over $205 trillion dollars in debt

Hello Weimar Republic

or... more likely (IMHO).....

A New World Order with all nations merging their digital currencies into a Global Digital Currency

One word answer: NESARA.

All along, only interest has been paid on this debt. We’re not paying a dime in principle back, ever. And, soon stop paying the interest as well. The system was DESIGNED to never pay principle.

The FED is a fraud. The IRS is a fraud.

I. The NWO China Model Global Reset solutions are:

II. New American solutions are:

1. Debt Reduction

2. Constitutional Amendments

3. Technology service

4. Education and Training

Notes:
1. (1a) FD defined as any borrowed debt from existing Federal Reserve source subsequently loaned to US Treasury.
2. (2d) Preeminence of Treasury defined as no lending source to exist above the US Treasury, i.e. Treasury may not borrow or receive borrowed funds.
3. (2f)(iii) Preeminence of Sheriffs - State County Sheriffs are sole enforcers under this section.
4. (4a)(iii) All matters of education measured by comport with respective State Constitutions.

THE ABOVE AMERICAN LIST IS NOT REALIZABLE UNTIL THE ELECTION SYSTEM IS INVESTIGATED AND FRAUD PERPETRATORS ARE BROUGHT TO JUSTICE. THEREFORE, PROPOSED AMERICAN SOLUTIONS ARE SECONDARY TO ELECTION REFORM.

Disclaimer: Opinions posted on Free Republic are those of the individual posters and do not necessarily represent the opinion of Free Republic or its management. All materials posted herein are protected by copyright law and the exemption for fair use of copyrighted works.