Wednesday, May 31, 2023

 i got this far and it seemed a good idea to post it;


Have we finally reached the end of the road?  When it comes to the economy, most of us focus on short-term cycles.  In recent years there have been times when the economy has been growing and there have been times when the economy has been shrinking, but all of those short-term fluctuations have happened in the context of a long-term trend of debt-fueled “growth”.  We have been relentlessly stealing from the future in order to make the present more pleasant, and most of us pretend that the piper will never have to be paid.  But of course the truth is that a day of reckoning is fast approaching, and that day of reckoning is going to be immensely painful.

Earlier today, I came across a tweet by End Wokeness that really does a great job of pointing out the harsh reality of what we are facing…

US national debt, 1960: $286 billion
US national debt, 2023: $31.4 trillion

Are our roads better?
Are our streets safer?
How about healthcare?
Is it easier to raise a family?
Did we improve our schools?

If not, then what the hell did they do with that $31,124,000,000,000?

I can actually answer that last question.

They bought time.

By kicking the can down the road over and over again, they have been able to delay the severe economic consequences that myself and so many others have been warning about all these years.

About two-thirds of our national debt has been accumulated since Barack Obama first entered the White House.........more........

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