You’re right, but we—the USA— have been operating like this for 40 plus years. It has been a couple of generations doing this— you can’t even just blame the last two presidents, but the last 7 or 8.
It should matter, but it doesn’t seem to get through. I seriously thought it would bring the country down decades ago, but it hasn’t.
Solutions?
“Solutions?”
A balanced budget amendment.
Returning to the GOLD Standard.
These would force the federal government to cut spending.
We currently bring in 4.4 trillion. We are spending 7. So, we add another 2.6 trillion to the annual debt.
We would also have to raise taxes to bring the budget in line with spending. We have to do both.
IF we did these things, it would strengthen the dollar instead of people trying to figure out how to SELL their dollars and convert them into either foreign currencies, Bitcoin or precious metals.
We are looking at Stagflation because we do not have the fortitude to do what needs to be done.