Total US Unfunded Liabilities $128,013,169,972,921.44
Or totally raise taxes, Big Time.
Or both.
Otherwise It’s totally unsustainable.
I’m waiting for my monkeypox lockdown stimulus check./s
‘We have to cut federal spending’
-
Good luck with that!
Good luck, Rand! Been talked about for generations and nothing has been done, yet.
Well, there are always fantastic, amazing, genius good reasons for spending beyond our government’s means to the current tune of $30+T. Reasons this muggle (who must pay his taxes, bills, live within a budget, and try to save whatever remains of his income) cannot fathom. But I have been assured by politicians and “freedom-loving conservatives” alike that we as a nation would be in far worse shape financially (to say the least!) if we didn’t.
I think that ship has sailed Rand. The only way out of this is a total restructure of our financial system. Hopefully QFS.
The Federal Reserve will probably just inflate our currency in order to pay our bills. They’ll try to manage our inflation rate to 10%-15% as the “cost of doing business”. If we were to do austerity, we’ll see a financial collapse something between the Greet Depression and the Subprime Mortgage Crisis in 2008.
Love this guy.
Duh!
Federal spending is the problem. It’s the root cause of so many evils and destruction of liberties.
Agencies like: homeland security, FBI, EPA, department of education…I could just go on and on, need to be ended. The CIA should be returned split up to their respective military branches. Unemployment benefits for 1 year only. Five years maximum government living assistance. Disability only with multiple Physicians approval, and recertification yearly. Retirement to 68 for men, 70 for women. Most importantly
Balanced Budget Amendment