Posted on 04/18/2024 6:52:52 AM PDT by Heartlander
It has become a speculative game in the blogosphere to predict what black swan calamities could lead to a breakdown in civil order and the imposition of some form of martial law. Wars and rumors of war abound. We have already seen a container ship mysteriously knocking down a bridge and closing a key port. Other such scenarios include massive cyber-attacks that shut down the grid and block communication and transportation networks nationwide. The speculation on the variations of such events is virtually endless.
However, one crisis is no black swan and is entirely expected, already happening, and growing in scale by the day. That would be the ballooning debt crisis. If Washington does not change its free-spending ways, the debt will become a catastrophe of devastating proportions that will tear the nation apart. So long as Congress continues its multi-trillion-dollar deficit spending, we will have a financial death spiral, similar to events a century ago in the Weimar Republic of Germany.
The total discretionary spending for the U.S. government in Fiscal Year 2024 is approximately $1.70 trillion. This amount is split between $886 billion for defense and $688 billion for non-defense programs. In the fiscal year, the U.S. government is also projected to spend approximately $4.19 trillion on mandatory programs. These programs include interest on the debt, Social Security, Medicare, Medicaid, VA, and other programs. We have an annual structural deficit in excess of $2 trillion that will soon grow exponentially.
Congress needs to get serious about reducing spending. For starters, they should outright eliminate the Departments of Commerce, Education, and Energy. All other departments will need cuts as well. But that is not happening, and instead, they waste money on frivolous services benefiting illegal immigrants and abortion facilities. Notable allocations...
(Excerpt) Read more at americanthinker.com ...
Lucky for us the borders are secure to keep ou......oh. 🤔
I bet the number of spending bills read and understood by these congresslosers is “ZERO”! What a group of pathetic, self-centered fools.
Note to self: buy as much gold and silver as I can, trying for 20% of each paycheck.
Most in the congress are old and won’t be around when the economy collapses in the next 10 to 15 years. They will be dead and don’t care.
Those still alive are going to regret things they did and won’t be alive for long after the coming crash. Mobs don’t pay attention to the letter after the name when they can’t afford to eat or pay their bills.
We have an annual structural deficit in excess of $2 trillion that will soon grow exponentially. Total discretionary spending for the U.S. government in Fiscal Year 2024 is approximately $1.70 trillion.
<><>split between $886 billion for defense and $688 billion for non-defense programs,
<><>untold billions for greedy corrupt foreign beggars,
<><>projected to spend approximately $4.19 trillion on mandatory US programs.
<><>includes $trillions of interest on the debt,
<><>mandated Social Security, Medicare, Medicaid, V/A, and others.
“Congress needs to get serious about reducing spending.”
***********
But then how would they buy off the voters? They all want to remain in power so the spending is not going to stop.
The U.S. has already been downgraded by two of the ratings agencies and another one has it on credit watch. Can a third downgrade be far away? Whatever, the congress and president could care less.
Why, they profit from spending and have no accountability for the devastating outcomes.
"That would be the ballooning debt crisis."
FR: Never Accept the Premise of Your Opponent’s Argument
Probably most of the huge national debt is based on unconstitutional federal taxing and spending as a consequence of Congress's abuse of its powers under the repealable 16th Amendment (direct taxes) imo.
The immediate remedy for corrupt Congress imo is for Democratic and Republican Trump supporters to effectively "impeach and remove" ALL of Congress, except for MTG, Gaetz & Company (and others?), by booting incumbents from office in November (YOU'RE FIRED!), replacing them with new patriot lawmakers so that hopeful Trump 47 won't be a lame duck president from the first day of his second term in office.
"16th Amendment : The Congress shall have power to lay and collect taxes on incomes, from whatever source derived [emphasis added], without apportionment among the several States, and without regard to any census or enumeration."
“If the tax be not proposed for the common defence, or general welfare, but for other objects, wholly extraneous, (as for instance, for propagating Mahometanism among the Turks, or giving aids and subsidies to a foreign nation, to build palaces for its kings, or erect monuments to its heroes,) it would be wholly indefensible upon constitutional principles [emphases added].” — Justice Joseph Story, Commentaries on the Constitution 2 (1833).
"Congress is not empowered to tax for those purposes which are within the exclusive province of the States." —Justice John Marshall, Gibbons v. Ogden, 1824.
From the congressional record:
”Simply this, that the care of the property, the liberty, and the life of the citizen, under the solemn sanction of an oath imposed by your Constitution, is in the States and not in the federal government [emphases added]. I have sought to effect no change in that respect in the Constitution of the country.” —John Bingham, Congressional. Globe. 1866, page 1292 (see top half of third column)
“Cherish, therefore, the spirit of our people, and keep alive their attention. If once they become inattentive to the public affairs, you and I, and Congress and Assemblies, judges and governors, shall all become wolves [emphasis added]. It seems to be the law of our general nature.” - Thomas Jefferson (Letter to Edward Carrington January 16, 1787)
Pelosi: "We have to pass the bill so that you can find out what is in it." (non-FR; 6 sec.)
Democrats [and RINOs] Are Terrified Of An Educated And Informed Public (3.12.23)
The repealable 17th Amendment (popular voting for federal senators) needs to disappear too.
Oops..I need to add that on.
Revenues received by the federal government in 2023 totaled $4.4 trillion, of which half were receipts from individual income taxes.
“Have you seen the unfunded liabilities?
A whopping $215 TRILLION.”
Yep...
Thx.
It’s such an absurd number that its beyond the comprehension of most of us. No one wants to acknowledge or talk about it.
“It’s such an absurd number that its beyond the comprehension of most of us. No one wants to acknowledge or talk about it.”
Of course, because we all know that if we ignore it then it will just disappear.
It's as if our Democrat-ruled society refused to learn about chemistry, biology, and nuclear physics, and was surpassed and wiped out by more advanced nations that did.
In fact that's exactly what's happening. Except the cataclysm will be economic ruin and a return to the Dark Ages. Don't worry, the slavery, death camps, plagues, torture, and gruesome warfare will all be a part of it.
Google "list of national-debt-to-GDP ratios for all nations". Ours is TWICE OR MORE what other normal nations' is. Lots of poor nations are in much better financial shape. Not a lot are in worse shape.
It's a colossal emergency, and our self-praising foolish elite are utterly clueless about it.
They're currently passing in the House an aid package to Ukraine! Money we don't have and haven't had for a century.
Then on to The World's Greatest Deliberative Body for approval. Then on to an incompetent, incontinent-of-stool senile dement for ceremonial signature. Praise by pinheads in the Press to immediately follow.
It's an Fn disaster.
I have a wheelbarrow to carry all the money I will need to buy a loaf of bread. Should I buy another one???
A cataclysmic economic event is looming over us yet we are sleepwalking through this impending disaster as though it can’t happen.
Would such an event wake up the sheeple? I doubt it.
btt
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