Posted on 10/17/2021 10:47:33 AM PDT by DUMBGRUNT
And even all that spending isn’t enough: Social Security’s “unfunded liabilities” — how much money the government would need today to make up the difference between the money that will be paid into Social Security in the future and the benefits that have been promised — is about $40 trillion.
How much is $40 trillion? It is all the money in the world — literally: All the cash in circulation, plus all the deposits in checking accounts and savings accounts, adds up to about $40 trillion. That is a big hole to climb out of.
Just as inflation can cause more inflation, one of the biggest drivers of today’s budget deficits are yesterday’s budget deficits. The federal government is currently spending more than half a trillion dollars a year on interest payments for money borrowed in the past — money that already has been spent.
Our budget game is one part musical chairs, one part Russian roulette, and somebody is going to have to lose when the music stops.
(Excerpt) Read more at nypost.com ...
Yes with a round in every chamber.
But always remember: There is a leisure class at each end of the social spectrum.
Use it to fight the Chinese. That would be worth it.
Somebody supported these stupid Democrat sons of bitches.
Probably the same idiots who come here and write that the Republicans are in charge.
Wasn’t Kevin D. Williamson one of the strongest Never Trumpers over at National Review? He can thank himself for the Biden administration.
Wouldn’t surprise me
Great Reset, here we come... 😞
The uniparty is responsible for all that debt.
Kevin Williamson wrote a book “Big White Ghetto, Dead Broke, Stone-Cold Stupid, and High on Rage in the Dank Woolly Wilds of the “Real America”. This is from one Amazon review:
“The forces of globalization, the opioid epidemic, and immigration HAVE devastated these communities, but Williamson shows that many of those who are in this mire of poverty make a conscious decision every day to remain there. They resent the welfare system yet structure their lives around its continued existence. Many of them wish for their lives to get better, but only if someone else can do all the heavy lifting.”
This issue should be discussed further on this website.
Another Amazon review:
Williamson might not be a Trumpist, but he is very much a conservative. His caustic critiques have generally been described as “fearless”, when they are really just cranky and nasty. He, like most true conservatives, thinks of himself as better than anyone else, and he say so to your face.
This book is pure Williamson. No empathy. All insult. He lets 40+ years of anti-worker policies completely off the hook (why not? he also hates unions), and blames working people completely for their current plight.
As the reviews say, he came from people like this. And its clear he’s still trying to show how much he’s “better than that now”.
Things will get to be more like England in the time before Thatcher took over.
The dollar will be pounded like the pound was....
These are the Assistant Democrats that enabled it.
Dan Sullivan (R-AK) Shelley Moore Capito (R-WV) Mike Crapo (R-ID) Roy Blunt (R-MO) Richard Burr (R-NC) Deb Fischer (R-NE) Lindsey Graham (R-SC) Rob Portman (R-OH) Thom Tillis (R-NC) Lisa Murkowski (R-AK) Jim Risch (R-ID) Chuck Grassley (R-IA) Bill Cassidy (R-LA) Kevin Cramer (R-ND) Roger Wicker (R-MS) Mitch McConnell (R-KY) John Hoeven (R-ND) Susan Collins (R-ME) Mitt Romney (R-UT)
“Great Reset, here we come... 😞”
That’s exactly what all the insanity and destruction we’re seeing is all about. Pure Evil.
The democrats and Uni-party Rats hoped in cahoots with Big Pharma to push the new Opium like the Big Powers did to China’s coastline people in order to destroy China’s real destiny/dynasty.
It’s just another reason I have no doubt that the Man of Lawlessness is coming to this planet.
If he’s not here already.
Economic collapse is part of the left’s plan to destroy this country. The collapse will be used as the excuse to enact totalitarian measures “for our own good.” Those measures never go away.
It’s time tor a government garage sale of all US ands.
Lands
That’s the plan.
UK was known as “the Sick Man of Europe.”
Now it will be Biden’s America.
What do you want to fight the Chinese about?
And what would constitute winning?
Doubt it. I have remember reading about the imminent financial collapse predictions for EVERY president that did spending sprees....Clinton,Bush,Obama, Trump, etc etc...
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