I’ve said that unless the Federal Govt finally got its act together and kept spending down to the level we could afford, this was going to happen:
Articles tagged as
national debt
The Chickens Have Come Home To Roost; It Just Took a Decade+ Longer Than We Thought
While I was on my town’s Budget Committee, I warned the town and school board against taking “free money” that the Feds were giving out like the candy thrown out by Old Home Day marchers. The analogy was apt.
Data Point – National Debt and Biden’s Budget Proposal
As of March 8 of this year, which is the latest date currently reported by the U.S. Treasury, the total federal debt was $31.459 trillion. In his budget—which proposes increasing the debt to $50.712 trillion over the next ten years—Biden emphasizes his commitment to fiscal responsibility. (H/T: CNSNews)
So Now We Have Bruce Currie’s Answer to My Question: Whose Money Is It FIRST?
Before he got banned for turning into a troll, Bruce Currie (a Bernie-Bro) used to be part of the ‘Grok commenters. I gave him credit for constantly standing up for his Progressive replies but it was clear that he wasn’t going to go that “last step” and answer one of my principle questions when confronting … Read more
Skip’s Sauntering Snippets – Installment #20 – National Debt
On Jan 19, the US reached it’s national debt ceiling (once again). All you hear from the Democrats (and some Republicans) is that we have to raise it to borrow more money to “protect the full faith and credit of the United States” in paying our bills. And ONLY once, in 2011, was something done … Read more
PAYNE: Generational Theft Machine
Deficit spending and inflation are a tool by the government to freely spend while simultaneously eroding our wealth. Did you know the Constitution protects us from this tactic initiated through the Federal Reserve (FED) in 1913? Sole power over money is given to Congress in Article I, section 8: “To coin money, regulate the value … Read more
Well, It Only Took 15 Years But I’m Finally Right About The National Debt – A Spiral Is About To Happen?
When a nation’s citizens and its leaders decide that money is no object, money will have no value. For YEARS, while on my town’s Budget Committee, that which cannot be sustained, won’t. Stop taking the “free money” and start being self-sufficient – priorities will sharpen and the “strings attached syndrome” will go away (in which “free” becomes “we will pay MORE over the years for taking the free money than what the free money was worth”.
Notable Quote – Has the Financial Doomday I’ve Warned about for Years Finally Here?
…Most fiscal conservatives are not surprised that the left-wing imbeciles in the White House and the Capitol Building are running up massive quantities of debt and burdening the American taxpayer excessively with the government’s bills.
‘We the People’ Are the New, Permanent Underclass in America
This is financial tyranny.
The U.S. government—and that includes the current administration—is spending money it doesn’t have on programs it can’t afford, and “we the taxpayers” are the ones who must foot the bill for the government’s fiscal insanity.
Reminder: Jeanne Shaheen Has Tripled the National Debt
Back in 2008, a national debt of 10 trillion was a disaster and an embarrassment. Irresponsible. Democrats had a lot of words for it. Jeanne Shaheen did as well. And she won a job in the US Senate that year. She’s still there, and that debt has tripled.
Woke Culture’s Marxist Roots
Hey, all right? I’m NOT! It’s clear to me that the “woke culture” movement was born in Marxism and is pushing our country to Marxist totalitarianism!
Data Point – At what point does the rest of the financial world go “no mas”?
The US Dollar is the currency of the world and has been for quite some time. Thus far, it has maintained that status even as our rivals (the EU to a degree; Russia and especially China) have tried a number of schemes to usurp that status. But as the US continues to borrow more and … Read more
Data Point – What is not sustainable WON’T continue. How long can THIS go on?
The federal government set records for the amount of money it spent and the size of the deficit it ran up in the first ten months of fiscal 2020 (October through July), according to data released today in the Monthly Treasury Statement.
Uh-Oh: If True, This Will Make our Current Economy Look Rather Rosy
And so it finally begins? Emphasis mine, reformatted: ‘U.S. Gets a Debt Warning From Fitch as Stimulus Battle Rages.’ (Bloomberg) One of the world’s major credit-rating companies fired a warning shot regarding the U.S.’s worsening public finances on Friday…
Data Point: A reminder: “we’ve run out of money”
We’ve run out of money. Well, not quite, but we are the brokest nation in the world’s history and the Government “smaht” people haven’t learned the lesson of that old Fram Oil commercial:
ICYMI: Borrowing Trillions to Bail Out States’ Bad Decisions Would Do More Harm Than Good
As our nation grapples with the reality of COVID-19, we must come to grips with another devastating threat — our national debt.
Notable Quote – George Will
The political class has prospered by hiding from the public the cost of the public’s appetites. By making vast deficit spending not an occasional counter-cyclical recourse but a constant governing strategy, it has made big government deceptively cheap, giving today’s public a dollar’s worth of goods and services and charging them only about 80 cents. … Read more
And the Republican 2020 Presidential Primary is……….still down to one.
Yeah, a bit of clickbait there but let’s get real – there’s really only Trump. Mark Sanford, Bill Weld…and what’s that other guy’s name? Oh yeah, Joe “you lie” Walsh. Three minus one is still one.
Congress kicks the can again, but is about to run out of road
By Ross Connolly Congress was set to face a moment of reckoning in September. After years of reckless spending, the government would once again come up against the debt ceiling, meaning the country could no longer borrow to pay for out-of-control expenditures. This could have been a moment to begin getting serious about our mushrooming … Read more
Honest Talk About Abortion
Current events Democrats want to you to believe they care for children and they stand for protection of American children. For example, they claim they will protect your children from the evils of trans fats, okay. They claim they would protect your children from gay conversion therapy, okay. But somehow, they don’t care if doctors … Read more