The US is running an 80% budgetary deficit. We are almost at a point of having to cut the spending below zero dollars to be able to pay back what is owed. This I not possible, unfortunately.
The US is running an 80% budgetary deficit. We are almost at a point of having to cut the spending below zero dollars to be able to pay back what is owed. This I not possible, unfortunately.
It’s hard for the average lay person to wrap their minds around the amount of debt we carry not including unfunded liabilities.
You usually get replies like, “so raise taxes more on the rich” or “cut the fraud and waste in programs”