The Ticking Time Bomb That Will Go Off Sooner Than You Think

IWB ^ | Robert Carbery

[davikkm]

Something has been going on this past month that has as usual been lost in the shuffle of other mainstream media prioritized news. Lost in the hysteria around the Vegas shooting (of which we still have many unanswered questions) and Harvey Weinstein and Mueller indicting Manafort and the wacky World Series is the rapid rate of growth of the U.S. national debt during the early months of the Trump administration.

In October alone, America’s debt has soared by almost a quarter of a trillion dollars. This is on top of already well over $20 trillion. A monumental story. Lost again to other such less significant stories since we always kick the can down the road. Well, eventually we are going to run out of road. We are bankrupt and no one seems to care.

And we are doubling down.

[robroys woman]

The answer is here and this WILL come to an end, and it won’t be pretty:
https://www.youtube.com/watch?v=TlN28DoL5qA

[JudgemAll]

So long Rino Ryan keep pushing this crap, it will not end.

[nikos1121]

So, the bottom line. We pay down are debt by raising taxes, or do we do by stimulating our economy?

I say, we stimulate the economy by lowering our taxes.
We reduce the costs and waste of the federal gov’t, and we incentivize states to lower their debt and taxes.

[robroys woman]

Your comment reminds me of the mindset of Dagney Taggart in most of “Atlas Shrugged” before she too went “Galt”.

Nobody has the political will to do what you suggest because, well, the people would never actually elect representatives with such ideas. The only solutions that will get passed are those that don’t gore the ox of powerful people or groups, which mean nothing of substance will be done until it’s not a matter of voluntary change any more - kinda like what happened in Weimer Germany, Zimbabwe and Venezuela.

It WILL collapse. It is not a matter of if, but when. The doomsayers are right and wrong. They are wrong about timing, as they always are. They are right about there not being a human solution. It’s gonna leave a mark, whenever it happens. And happen it will. It may not be this year, but it will almost certainly be in less than ten. The parabolic exponential growth eventually becomes a vertical line.

[PSUGOP]

Except nobody in Washington is really cutting anything.

[corlorde]

They cannot even cut the rate of growth, and never will.

[BluH2o]

When Obama was inaugurated the national dept was in the $9.5 trillion range ... when he left office after two terms it was fast approaching $20 trillion. This nation incurred more dept in the eight years of the Obama administration than the entire dept accumulated by all of his predecessors combined.

[nikos1121]

Obama and company and our POS republicans, let this happen, so that in the end we will be more dependent on government.

Trump is our last best Hope.

I say get this thing started, and rev up our country, and in turn the world will follow suit.

We have a man in the office who understands business, and understands strength threw a strong military.

The media and his own party are making the problems of immigration, crime, economy etc, as being caused by Trump, when he’s the solution.

I pray for his safety in Asia.

[GOPJ]

Trump knows how to spend to ‘get’... it’s NOT the same as Obama rewarding his base. Trump really IS making ‘investments’ not just using the words.

The debt will go down as the economy goes up - have faith. Trump knows what he’s doing.

[2001convSVT]

I agree with all you have written, the question of when the road ends is what is hard to see and some can't or refuse to see it. I am working as hard as I can to have a place in the country where I can live off the grid. It is a difficult thing to do because no one in my family will help because they don't think a day of reckoning will ever arrive. Good luck and my prayers are with you, that you are move successful than I am.