30 May 2023

Something That Can't Go On Forever, Won't

You cannot live on the credit cards forever. Someday, the bill will come due. Just Default Already.

Our government has spent almost $32 trillion more than it has taken in – about $95,000 per person or $250,000 per actual taxpayer – and there’s no way it will ever be paid off. I don’t say that because it’s impossible mathematically, I say it because it’s impossible politically. Only a handful of Members of Congress even pretend to care, fewer still actually do, and none of them are in a position to do anything serious about it.

So do you want to default on the debt, or wait until runaway inflation makes the US dollar worthless? Burying your head in the sand and pretending that the problem doesn't exist is not a viable third choice.

Republicans and Democrats have all pretended to care – the Reagan era national debt of $2.6 trillion seems quaint compared to what these people have done – so make them face the music.

Every politician who’s been in office since 2010, which is a whole lot of them, has been involved in adding $17 trillion to the national debt, or since 2017 has $10 trillion on their hands. They deserve all the scorn possible for the measures needed to get spending under control.

Between this and all the woke insanity in the world, people are noticing similarities between America of today and 1930s Germany, or similarities between today and France before the French Revolution. Those two examples would be bad enough, but there are also people talking about late stage Rome, which is a bit more disturbing. It took France decades to recover from the Revolution. Ditto Germany, and only because they got completely hammered into the dust. It took Western Civilization centuries to recover from the Fall of Rome.

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