America doesn’t need to go that route.
Our Congress could reign in it’s spending, and with the increased tax receipts, we could begin to pay down the debt.
Ryan and Pelosi are dead set against letting Trump realize and savings for the nation.
I’m just saying, we’re going to be worse than the U.K., because when push came to shove it had us to back it up. There will be no one to back us up, and when the West goes, this world will fold in on itself.
We were the only nation keeping it from happening until now.
We’re not anywhere near total collapse. At least other than California.
The percentage of federal tax receipts that goes to pay interest on the debt is 8%.
11% of the national debt is held by the Fed and the interest on that goes directly back to the Treasury so it zeros out.
27% of the national debt is held by federal agencies for funding Social Security and federal pensions.
33% is owned by US investors.
29% is owned foreign investors. We can always screw those suckers. Of course you can only pull that off once.
As per your earlier post #12 ‘forward basing’ is very smart policy, it’s quicker and cheaper than the alternative, and serves to make bad actors think twice about trying something ugly because we can beat them to a pulp in a big hurry. ISIS learned the hard way once Trump replaced Obama and the gloves came off.