As with many poor money managers, once the red ink goes beyond the point of no return, they no longer care, and keep spending to satisfy their spending addiction. I know two people just like this.
The big difference is individuals can go bankrupt. What happens to countries?
Logic that will be applied to all:
Over the past 30 years, we were all crying when the budget deficit was $500 billion, $1 trillion, $5 trillion, now approaching $20 trillion. The world hasn’t ended...It’s all noise now...
That is what the uniparty is banking on...
The budget deficit used to be a Republican foundation point to be used in elections...now they barely talk about it anymore because of the above - the world, in the average, short sighted view of a normal American, hasn’t imploded yet....We are still buying fancy cars, homes, cruising, eating out well...
This is exactly correct. The Democrats have internalized the expectation that the house of cards will collapse. They are bent on consolidating power now, and when the collapse comes, they will simply blame it on Republicans and move on. With regard to the out of control spending, they are preempting as large a share of budget resources as possible in order to strengthen their position in the bankruptcy reorganization.