Posted on 05/25/2021 8:09:48 AM PDT by Sparky1776
(Excerpt) Read more at usdebtclock.org ...
Interesting to note if you’re a taxpayer it’s $225,000 each.
No worries. Money grows like Kudzu vine. Chuck Schumer knows.
We haven't and don't pay back ANY principle, only interest. And, we only borrow more.
You need to scroll down to look at the US UNFUNDED LIABILITIES and take note of the liability per citizen.
We are screwed. But all the politicians will be OK.
the only way out are really high tariffs and 100% self reliance for EVERYTHING.
We haven’t and don’t pay back ANY principle, only interest.
************
We have no interest in paying it back and we don’t have any principles.
The US debt has grown far beyond what I expected was ever possible. The money is never getting paid back, but what will be the consequences?
Hyper-inflation, world war or dollar devaluation? This is one hell of a crack high and maybe the laws of economics don’t matter anymore, but I still contend this has to correct at some point.
I think it is interesting that we are literally spending twice the revenue.
This has been known for sometime - Reagan setup the Grace Commission. The IRS funnels form 1040 taxes to pay interest, while not a plug nickel of 1040 funds goes to fund ANY government program. All federal spending derives from new borrowing or sources other than taxes.
It would be most helpful if the press replaced the word “spend” with the phrase “increase the debt by” when reporting government programs.
As in:
Biden wants to spend $10 billion to set up a Civilian Climate Corps.
becomes
Biden wants to increase the debt by $10 billion to set up a Civilian Climate Corps.
Good thing we’re now sending out $300 per child under 6 and $250 for each 6-18.
The breeder baby mamas will never let go of that without a war. We’re paying for bad behavior. Hard working class people put off having children because they’re trying to provide for their families and the welfare sponges.
Mitt Romney was proposing this bs several months before the dems passed it. So it’s the RINOs too that burdened us with that debt. I see little hope of reversing the path we’re on. The dems/libs/RINOs/deep-state are going to win. We will have socialism because they’re breaking our system.
> Won’t be paying back a plug nickle of it. <
Eventually the interest alone on that debt will be greater than all the discretionary money the Federal government has available. It’s inevitable. Then what?
I can’t see them repudiating that debt. So I’m guessing they will do what the Weimar Republic did: fire up the printing presses, and pay their bills with wildly inflated paper currency.
Given that Congress has no interest in spending responsibly, that will be their only option.
As a side note, if interest rates rise, that day of reckoning will come sooner. That’s probably one reason the Fed is reluctant to raise rates.
Hi.
I say we cut the national debt by $1 trillion.
How?
Well the Chicoms released a deadly virus on the world that killed people and shut down world economies.
Cancel ALL of their U.S. Treasury holdings. Tomorrow.
5.56mm
At some point in the near future the interest on the debt will consume a majority of the annual budget. We will have to keep printing money, thus making the problem even worse. A vicious cycle ending in disaster.
It doesn't have to implode... it could in theory continue for quite awhile longer. But, that would entail most people remaining blind to the evil behind all this, essentially the Deep State Cabal.
I want, we should all want it to implode. That's the only way. And that is what will be happening: Nothing Can Stop What Is Coming.
Nope - we just borrow more to fund our programs, as we've been doing. It's been working that way for 100 years, and could in-theory continue. ALL our 1030 money is paid to the FED by the IRS for the "privilege" of borrowing more.
But, then there is NESARA, to pull us out of this insanity.
Ooops.... 1030 = 1040, of course.
Exactly. BidAn could increase the debt by $1000 Trillion, no 'diff.
We're still not paying back the "loan" with a single nickle. This makes the Banksters behind this (a handful of families and about 100-200 FED shareholders) happy as clams. They just shift the numbers around. Until or unless they want to move to a different system: The Great Reset.
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