Every Federal agency head and their families must pay for this.
Yes. But how much of that is in 2024 dollars? The amount is different each year due to inflation.
$1.00 in 1960 is now $10.72 so nearly $11.
“40 years, we went from spending $1 trillion dollars on the entire federal budget to spending $1 trillion dollars on the interest on the debt of the federal government.”
Incredible. This is based on relatively low interest rate environments at least over the last few decades.
If interest rates were to double or triple then ... we are in a heap-a-trouble.
But it can be inflated away to almost nothing - and politicians not yet elected can take the blame.
America’s previous generations built up a great deal of power and trust in the USD.
In 1971, we severed any final monetary restraints on the Federal Government and politicians
The welfare state, the warfare state, and woke-marxist ideology became bloated on printed fiat money and massive, seemingly unlimited debt. America’s Left and US politicians think its an absolutely normal state of affairs. They have never known any different.
We are seeing the consequences of this incredible excess now.
We have crossed the Rubicon.. It will never be paid down! NEVER.. And this administration is handing out money like Halloween candy
~~~
“It will never get paid down” is the reason why “this administration is handing out money like candy”.
It’s not just the administration, it’s congress.
No one even pretends they care about fiscal responsibility anymore. They don’t even give it lip service.
The last millennium called, and they want their fake political platforms back.
The politicians are going up to DC to put their face in the trough while there is still a trough left.
Democrats are spending.
Americans are suffering.
As a lifelong Texan, born and raised, I think Texas should do all the paperwork and pass all legislation required to SECEDE “Subject to” the Federal Government going bankrupt and defaulting on it’s debt.
When it does, Texas automatically becomes a free country....AGAIN. (March 2, 1836 to, say, 2025)
A 189 year run as a state.
Ban the Federal Reserve. No more flexible currency.
Musk needs to understand that all the smart and talented people work for the government. They do things he will never understand, because he is not on their intellectual level. /Off SARC
Trump MUST do what Argentine president Javier Milei has done. Take a chainsaw to the bloated Administrative State and fire hundreds of thousands of them. Force them into the private sector to compete with illegal aliens for low paying jobs.
Fire EVERYONE at the FBI, rename the agency and then rehire some of them back AFTER they have gone through a complete TDS background check. The rest will be sent to Gitmo to work on their death row resume. /spit
And where are the Republicans on this outrage?
We passed oblivion a long time ago.
19th century poem
Barefoot boy with cheeks of tan
One day you’ll be a barefoot man
Your elders are out on a spree
Spending your posterity.
When hyperinflation begins, all those worthless savings accounts are going to hopefully drive home the fact that our out of control government is the root of the problem.
If there were only a way to actually force Americans to pay close attention to what our POS government is up to.
The feral government doled out 1.3 Trillion Dollars in Social Security payments last year.
The feral government doled out 847 Billion Dollars in Medicare payments last year.
Once again, Elon is NOT wrong.
[Pretty obvious in this case...]
Puppet Biden’s HANDLER Team Obama are students of ‘CLOWARD & PIVEN’.. THAT is what’s going on.
How much do you think we could get if we sold all of the Leftists to China?
Let’s say you have a mortgage loan and credit card debts. But you spend or throw away money left and right (our gov’t throws it to the left). So… your credit card gets maxed out and you take additional equity loans against your house. Soon you lose your house, and go bankrupt.
The difference with this administration, is that they’re bankrupting our nation by spending your kids money. And your kids will have nothing when they grow up. No Social Security, no Medicare, no welfare, no student loans, no homes, no military, nothing. Goodbye USA, it was nice while it lasted.