So all this means it is not wise to save any money and put it in the bank because the return will be much smaller than rate of real inflation, not the bogus numbers gov’t puts out.
Sell gvenment lands and pay off the debt.
Media never mentions how much of that is due to Obama’s borrowing.
Never.
Politicians have put us way in the hole. Politicians keep spending money we don’t have. Politicians could care less. Disgusting! We need 535 new common-sense heads in Washington, D.C.
I’m not surprised or “stunned”. It’s on an exponential curve. Some of us were taught how those work in public school back in the day.
If there is one thing our president has spent a lifetime doing is managing debt. Creditors beware. He will not allow this government to go belly up to pay off Federal Reserve Note debt. I have no clue how this could be done, but POTUS will see to it come hell or high water. If I were China I’d be worrying. Count on it!
Our horrible, liberal, leftist political class hate this country and want to destroy it. The easiest way is to spend us into disaster.
JoMa
This is not news. If federal borrowing costs rise to historic averages, debt service will exceed a trillion dollars a year. This is how the U.S. will slide into financial collapse. Democrats have never cared about this. Republicans used to but Trump the populist has joined the dems in sheer indifference. He thinks the collapse will wait until he’s out of the White House so it’s not his problem.
Fighting NeoCon wars for other nations around the world comes at a cost, huge national debt.
LET’S BRING BACK THE 5 CENT CANDY BAR
When politicians particularly members of today’s in name only democrat party started pushing for a higher minimum wage. The focus should have been on purchasing power of the lowest coin of the realm. Each time it was passed the price of an item like an individual candy bar and everything else increased. What began at 5 cents in the 1940’s steadily increased to what it is today. The result has always been since it began devaluing the purchasing power of the dollar.
Slash DOD budgets until they start to patrol and defend our southern border. Bring them to heel. And don’t give me that Posse Comitatus lie BS.
“In just a couple of decades, at this rate, the interest payments on national debt will be the biggest item.”
Yeah I’ve been harping on this for years. The debt has been running up for years but Obama REALLY ran it up but interest rates were near zero. Now they are rising and interest on the debt will consume the budget. Trump’s concerned because it’s his swamp now.