As much as I dislike this guy, he hit on the truth in this case.
16 Trillion truly is an unimaginably infinite amount of money. What's the diff between 16, or 18, or 20 Trillion Dollars?
IMHO, like a drunk in a bar, the gov't will keep running up the tab. UNTIL, someone cuts them off. And the results in either case won't be pretty.
Without a defined end game (something both sides are afraid to commit to) this can't end well.
I’ll tell you what the defined end game is.
The US becomes oil independent. That’s going to happen in 10 years or so. Plus the USA now has an extra 50-100 trillion dollars worth of hydrocarbons backing the dollar.
That oncoming reality has already shifted central banking and military strategic thinking around the world.
The dems are going to get away with their borrowing without ever knowing why.
Bloomberg doesn’t know what he’s talking about.
Equating our government to a drunk in a bar is apropos.