Trillions Of Dollars In Debt And No One Cares

Of all the things to worry about, this has got to be among the most concerning. When the Ponzi scheme comes crashing down, this will be a very hard fall. I feel for my kids (and yours) who will inherit this mess we left them.

https://thehill.com/opinion/campaig...-as-far-as-the-eye-can-see-and-not-a-voice-of

 

John, while I disagree with much of what the author wrote I agree wholeheartedly with your assessment of our debt. He appears to support the excess spending as long as we increase taxes. This conveniently ignores the fact that lower taxes increase tax income. Lower tax rates creates jobs. Millions more paying taxes increases income. This also reduces welfare though they seem to find more welfare programs to make up for that. Even worse than that the entire world is so far behind on debt that it can't possibly be paid. Every nation out there relies on their ability to print currency and inflate themselves out of debt.

Much of the world debt is based on the U.S. Dollar. Our inflation helps them, and our government though not us. If every nation paid America what they owed and used the U.S. bonds to make those payments we'd be in good shape. China, for example, owes us for bonds they sold us way before WWII.