Banksters. The banksters own it all in the end.
Agreed. Without the ability to spend money they don’t have, the scam collapses. At the local level, short term obligations are being financed with long term debt. That’s a prescription for disaster. Worse yet, at the national level, the international banking cartel is now setting US policy. Our We have lost our sovereignty to banksters: and that includes the CHICOMS.
However, no one held a gun to the heads of the corrupt politicians and their greedy constitutents to ignore sound money policy. When you borrow from the MOB, you get more than debt.