I got into politics in college because of Ron Paul as crazy as it sounds, fiscal responsibility and ending foreign wars appealed to this college lad. Of course the love revolution as it was called didn’t go to far Obama won and at least seemed to address the problem when it was 12 trillion they formed the non partisan Simpson and Bowles committee who came out and said we are ■■■■■■ unless we cut spending and raise taxes little surprise that didn’t go over.
Fast forward the clock 10 years now we’re 31 trillion in debt and ignore it at our on peril. And for all of us who who are upset about military spending now we’re expected this year to pay more on interest payments for the national debt around 800 billion than we are for our total national defense spending. This is a national emergency we were told 10 years and 20 trillion dollars ago what needs to be done by Simpson and Bowles now that problem is only 3x worse.
Keeping this up
is going to eventually put us at best in stagnation or as in Japan the lost decade.
Obama’s on words called it irresponsible that every man woman and child owed $30,000 for the debt now that number is $90,000 a person.
This is going to hit us hard very soon and there will be little room to kick the can god help us if the dollar doesn’t stay the world currency.
In fairness, Obama was handed a bucket of economic feces from Bush that could have absolutely been even more devastating to our country. He reacted quickly and it was expensive to our national debt but…IMO…it would have been a lot worse had he not. The country got turned back around and Obama handed Trump a lot better scenario.
Then Trump added to our debt, cut taxes and took that chance that the increased revenue gained from this economic stimulus would place us in a positive, situation. It appeared to be working and our economy improved even more…and produced results this country hadn’t seen in decades.
Many cities and states though, all across the country, totally mismanaged their finances and were absolutely way in the red. Along comes COVID and most all of the economic good that was gained, was lost and the MSM blames Trump. The sheople swallow it and the 2020 election results in a demented, senile person being elected that isn’t running our country. He is doing as he is told…period. The Democrats have spent money like crazy, not producing crap but instead bailing out all of these mismanaged Democrat cities and states. It isn’t stimulating anything but instead it’s inflationary because nothing is helped that is generating tax revenue and now…here “we” are today.
Spending money is good if it generates more than it costs? That isn’t what’s happening today and the result is inflation worse than we’ve seen in many decades.
…especially as China is attempting to create a new money source that will replace the US dollar as the world’s accepted currency and interest rates are rising. Both…will accelerate the catastrophe that awaits us due to government irresponsible spending creating this huge debt.
I remember the alarm of the Simpson Bowles commission watching them in the media talking about the dire path the debt is taking. That was 20 trillion ago the new normal is ignore it till pooof buh bye good times I think actually we are past the good times in decline covid was the coup de grace and all the stimulus checks and lockdowns just accelerated.
dolla, dolla bills, y’all 
