honestly, can someone do that math and calculate how much that’ll add up to monthly?
If my tax logic is correct, there are not nearly enough tax-payers to satisfy this expense, even if you cut the defense budget to the bone.
This would lead to hyper-inflation, serious dollar-devaluation, or both.
and @PGR88 - you may maybe right. In fact, it may level the playing field - the only good thing that could come out of it.
The Budget deficit last year was already >100% of tax revenue. That’s just the deficit - not the total budget!
This year will likely be the same.
According to the Federal Reserve, Government debt / GDP is already at 127%. We are approaching the historical high of WWII. The Federal Reserve and Fed.gov are trapped with low interest rates. Any serious rise will simply increase the debt bill by geometric proportions.
But that occurred when the USA was 40% of total world GDP and the only world superpower. The USA is now about 20% of world GDP.
The ONLY way out of this debt is through massive inflation and massive devaluation of the dollar. We now have leftist ideologues in charge who WILL make it happen. We are one major political crisis or war from going from just “inflation” to very bad or hyper-inflation.