Posted on 09/08/2023 6:36:29 AM PDT by SeekAndFind
The public is constantly told that when Congress passes new spending programs, they will be paid for… yet the U.S. is over $32 trillion in debt, not counting unfunded liabilities like Social Security, Medicare, and federal employee benefits.
When Democrats passed Obamacare, they said it would substantially lower premiums and it would reduce the deficit; instead, premiums skyrocketed, so the subsidies and other costs had to skyrocket.
One way Democrats pretended that they would be able to pay for Obamacare without the taxpayer feeling it was that they said the government would make money if they took over student loans. They lied. The government is losing lots of our money on student loans:
From 1997 to 2021, the Education Department estimated that payments from federal direct student loans would generate $114 billion for the government. But the GAO found that, as of 2021, the program has actually cost the government an estimated $197 billion.
Now, Joe Biden is dictatorially trying to buy more votes with another proposed bailout of college graduates and others who borrowed to pay the inflated costs of college. Why isn’t he required to go to Congress to ask for the money? It appears that Democrats don’t care about abuse of power and separation of powers. They clearly believe it’s okay to buy votes with our money; deficits and the budget don’t matter, only power.
How much does all this illegal immigration cost because the Biden administration refuses to abide by its oath of office and enforce the laws of the land? Who knows? We never see Biden request the money for all these handouts. There is zero transparency. A 2023 cost study found:
(Excerpt) Read more at americanthinker.com ...
That really is a drop in the bucket compared to citizen entitlement and social spending.
The world’s piggy bank (unguarded and unaudited)
Democrats. RINOs. A national credit card with "imaginary" limits. Wealth transfer up, with politicians and bureaucrats getting life long sinecures. Corruption. Rinse and repeat.
As conservatives, WE are the threat and their enemies.
Obama is the root cause of all these fiscal disasters. Trump had Obamacare repealed until McCain stabbed him in the back with malevolent glee. I remember McCain saying, now let’s see Trump make America great.
It’s moving down again
This years first of the month numbers with the one daily high*
2023-01-03 2188.272
2023-02-01 2038.262
2023-03-01 2133.950
2023-04-03 2221.010
2023-04-24 2308.538*
2023-05-01 2239.866
2023-06-01 2160.055
2023-07-03 1909.639
2023-08-01 1739.554
2023-09-01 1574.065
Down 734 billion since April 24th, down 31.8%
Something bad is coming this way.
https://fred.stlouisfed.org/series/RRPON....
America is so broke because it is run by morons … and that includes both its leaders and the people who elect them.
When Democrats passed Obamacare, they said it would substantially lower premiums and it would reduce the deficit; instead, premiums skyrocketed, so the subsidies and other costs had to skyrocket."
Yezzz, z plan et ez warking verdy well, he he he...
America is broke by design of banksters.
The dollar itself is a booby trap, given that it is NOT money, but it is debt. A dollar comes into existence via the non-federal FED, WITH INTEREST. With Fractional-Reserve bankstering, by definition, there can NEVER be enough M2 to pay all of it back.
Combine that with not a plug nickel has EVER been paid back and applied to principle (see Reagan’s Grace Commission report).
Why is America so broke?
Because we have a pure fiat monetary system that allows the Central Bank to create money out of thin air without constraint at the whims of the Ruling Class.
Don’t worry, everything will be fine, we won’t run out of money, they will just print more.
America apparently is awash in money. The only way to stop this mess is to require a balanced budget.
Broke? We’d have to pay off $32T in debt just to get back to broke.
But,but we could run out of paper
Oh,never mind. We can get it from China. In order to sane the government is planning on having our currency printed there. Additionally Biden will have a mint built there in order that the CCP mint all our coins.
The robber barons got together at Jackal Island with a plan to start the FED banking system to ruin the economy, enslave the people ant take over the country. For the most part they have succeeded.
What exactly do these numbers represent?
And your link is not working for me.
After the last tax payer is dead then they will change their way no other choice.
“How did you go bankrupt?” Bill asked.
“Two ways,” Mike said. “Gradually, and then suddenly.”
America is broke (broken) in more ways than one and is the direct result of ‘good people doing nothing while bad people do everything’....
Wherever the money goes It all comes back to corrupt, greedy, Idiot politicians
Between their vote buying strategies, virtue posturing and scams to enrich themselves and their friends they always manage to spend the nation into ever greater debt.
A few hundred billion here, a few hundred billion there and pretty soon you’re talking serious money.
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