I was incorrect...total unfunded liabilities at the bottom of the page is 107 Trillion.
We could never produce enough to pay this down. I’m confident, this bubble gonna pop someday. Don’t know when, but when it unravels, it’ll be worse than anything we’ve experienced in this nation/world.
Yep. People talk about Venezuela, but we have a problem with socialism right here. And most of it has to do with the costs of state and local governments. Salaries for local administrators and politicians were through the roof a long time ago in many places.
And socialism? Both sides are socialist. Each simply wants a larger share of the excessive spending.
We can’t support a big government without a big manufacturing base on American soil—not American-”based” manufacturing happening on foreign soil. Agriculture and energy aren’t enough to support an even moderately large government without a large manufacturing base.
But they didn’t want to hire men. Oh, well. It’ll all come out in the wash.