Posted on 12/13/2023 6:00:11 AM PST by davikkm
As federal budget projections unveil a distressing trend, $1 trillion+ US budget deficits are solidifying their status as the new normal, stretching through 2033 and beyond. The grim reality suggests that witnessing a year with a deficit below $1 trillion may be an elusive prospect.
In a disconcerting revelation, the US Treasury anticipates borrowing an additional $816 billion in Q1 2024 alone, with a significant portion allocated to deficit spending. The trajectory of deficit spending, as predicted by the Council on Foreign Relations, has propelled the US to allocate more funds to gross interest payments than to defense, painting a concerning fiscal picture.
(Excerpt) Read more at citizenwatchreport.com ...

Clearly unforeseen by the wizards of Washington.
They just know they will be long gone from any potential for accountability when the SHTF with their bags of money on a Florida golf course.
But let’s be really honest here … the real culprits are Americans who think they have a God-given right to enjoy a standard of living they can’t afford. The only way that works is by forcing others to pay their bills, and when the “others” are the taxpayers then it’s inevitable for the government to collapse in bankruptcy.
Oh, he totally deserves blame.
But yes, the real fall started under George W. Bush while he was nation-building. Did a few things right after 9/11 but created a mess in many ways.
This climate change crap is hurting our economy...and they just don’t care...it’s all about control. Why would I want to spend 25% of my income on a damn car...or eat rabbit food instead of meat??
How did we end up saying “it’s concerning” every time something comes up that needs our attention? For years we got along just fine not using “concern” in that fashion. What the hell has changed? Why is the English language being spliced into Turkish taffy every five goddamned minutes? The latest one is the noun “Illegrant”. The same people who refuse to use their brakes when driving because slowing down and then resuming speed “wastes” costly gasoline. Has anyone noticed that one? But it’s okay to run down a pedestrian. All of a sudden everybody and their room-temperature IQ mother is a freakin’ wordsmith. I don’t think so. I just ripped a customer service rep on the phone for saying “purrrrrrfect” after each time I answered one of her questions. I told her nothing on this earth is perfect so why do you keep repeating that word? She said she didn’t know why! (Morning rant over.)
[concerning]
Sounds like a good question for the article’s author
And we haven’t stopped nation building. It’s as American as apple pie at this point.
The USA has a reckoning coming. Well deserved I might add.
I didn’t think so at the time......but it seems the judgment began in 2001
Then, 7 years later, we got the Manchurian Candidate
NOW we have his hand-puppet....
sigh
Gee, if only there was a political movement centered around fiscal responsibility or something. I say “movement” rather than “party” because the GOP spends like drunken sailors too. Really the only difference between the parties on fiscal policy is the Democrats raise taxes to pay for their spending and the Republicans just borrow money from China.
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.