In this article, you wrote “… our nation’s spending addiction can be more directly attributed to Democrats’ obsession with larger government and more control.” I have to disagree. George W. Bush - a Republican - greatly expanded the government and its control over our lives with the creation of the Department of Homeland Security.
Both parties are part of the problem; they all agree on war spending above all else.
Whether the debt ceiling is raised, or not, it does not matter. The accumulated deficits [the national debt] will never be repaid, nor should it. It represents the many decades of funding unconstitutional federal governement departments and agencies, spending m/b/trillions on manufactured conflicts and wars around the world, money laundering, and otherwise, totally unnecessary government programs. The American citizens and their future generations are not responsible for the debt. The only remedy is a default and bankruptcy of the federal [corporation] government, followed by a complete dismantling of the unconstituional [almost all] elements of the existing structure. Let the pieces fall where they may and let the traitors face military tribunals. Nothing less.
"printing new money as often as sam brinton comes home with a new piece of luggage". I'm dead LMAO, pat yourself on the back for this one Chris and take the rest of the month off, you've earned it.
Good one Chris. Actually, IMHO if the US lived within its means and balanced the spending with revenues and started paying down the national debt, it would bring strength to the Dollar and in time bring more prosperity to the people of the country and the world. It is needed. Unless you have lived overseas and become familiar with the lives of the billions outside of the US and Western Europe, you have little clue how most of the world lives.
Every single person with two or more functioning brain cells absolutely knew that, apart from the hysteric covid "response" being disastrous for a large number of very good reasons, we simply could not afford to do it as nation!!
That was the absolute dumbest fucking shit that any criminally insane morons have ever put together in the history of mankind. That was suicide. The limp carcass of our country, sure still breathing slightly, has been mortally wounded.
As you mentioned, and no sober person could deny, our country was already way the fuck in over its head. Just like the dollar will, at some point, not be the world's reserve currency. So too, default is just a matter of time.
I agree Chris, this kabuki theater that we are forced to go through it every couple of years is beyond tiring.
These corrupt government officials scurry on to the television and read off their Scripts, pretending to do something, pretending to care. While there partner in crime, the main stream state media, plays along to produce there propaganda reality TV show for the Sheeple.
The current hit job on the regional banks. Ignoring the Dobbs banking law. Planning to go around Congress to increase the debt ceiling. CBDC 😒
These actions are not those of concerned countrymen. Just the very opposite.
To quote a phrase from the movie, captain America the winter soldier: Hail Hydra
Italy.. yes, we indeed have a few more public debt on gdp, but we have a lot less total (pub+priv) debt on gdp than a lot of our bigger and better brothers...
Sir, I humbly suggest You to look at Tom Luongo's substack, he has a very interesting theory about the widening split between Fed and Treasury... like Captain America Vs. Hydra, and this could help understanding what's going on... US Fed vs Us Davos' puppets... and I'm ashamed to live in their reign... :(
Are you saying the continued printing of money (i.e., M2), official inflation (tweaks to swap steak to burgers), and unofficial inflation (adding impact of assets) are basically a slow-moving, continuous default?
Check your facts regarding which party adds the most to the debt (see below). The democrats do spend more on social spending. They both never question adding to the defense budget. The republicans are great at tax relief for the 1% and tax breaks for corporations. Neither worries about national debt when they are in control of congress and executive branch.
President Regan added $1.86 trillion to the national debt, a 186% increase from the $997.8 billion debt at the end of Carter's last budget
President H.W. Bush added $1.55 trillion to the debt, a 54% increase from the $2.857 trillion debt at the end of Reagan's last budget
President Clinton increased the national debt by almost $1.4 trillion, almost a 32% increase from the $4.4 trillion debt at the end of President H.W. Bush's last budget.
President Bush added $5.85 trillion to the national debt, a 101% increase from the $5.8 trillion debt at the end of Clinton's last budget for fiscal year 2001.
President Obama added about $8.6 trillion, about a 74% increase, to the national debt at the end of President Bush’s last budget in 2009.
President Trump added $6.7 trillion to the debt between fiscal year 2017 and fiscal year 2020, a 33.1% increase,
In this article, you wrote “… our nation’s spending addiction can be more directly attributed to Democrats’ obsession with larger government and more control.” I have to disagree. George W. Bush - a Republican - greatly expanded the government and its control over our lives with the creation of the Department of Homeland Security.
Both parties are part of the problem; they all agree on war spending above all else.
Whether the debt ceiling is raised, or not, it does not matter. The accumulated deficits [the national debt] will never be repaid, nor should it. It represents the many decades of funding unconstitutional federal governement departments and agencies, spending m/b/trillions on manufactured conflicts and wars around the world, money laundering, and otherwise, totally unnecessary government programs. The American citizens and their future generations are not responsible for the debt. The only remedy is a default and bankruptcy of the federal [corporation] government, followed by a complete dismantling of the unconstituional [almost all] elements of the existing structure. Let the pieces fall where they may and let the traitors face military tribunals. Nothing less.
"printing new money as often as sam brinton comes home with a new piece of luggage". I'm dead LMAO, pat yourself on the back for this one Chris and take the rest of the month off, you've earned it.
Well said Chris.
"Getting it over with" feels a lot like the title of John Michael Greer's book "Collapse Now and Avoid the Rush."
I too subscribe to that option.
Good one Chris. Actually, IMHO if the US lived within its means and balanced the spending with revenues and started paying down the national debt, it would bring strength to the Dollar and in time bring more prosperity to the people of the country and the world. It is needed. Unless you have lived overseas and become familiar with the lives of the billions outside of the US and Western Europe, you have little clue how most of the world lives.
We are are going to pull an Animal House on everybody. We can't spend our whole lives worrying about our mistakes....https://www.youtube.com/watch?v=LARx7M9s15w&t=2s
I do not understand the narrative of "raising" the ceiling when we have zero intentions of repaying the money back.
This Ponzi Scheme is the biggest in history and we have allowed our media and POS elected officials get away with it. We should all be embarrassed.
Every single person with two or more functioning brain cells absolutely knew that, apart from the hysteric covid "response" being disastrous for a large number of very good reasons, we simply could not afford to do it as nation!!
That was the absolute dumbest fucking shit that any criminally insane morons have ever put together in the history of mankind. That was suicide. The limp carcass of our country, sure still breathing slightly, has been mortally wounded.
As you mentioned, and no sober person could deny, our country was already way the fuck in over its head. Just like the dollar will, at some point, not be the world's reserve currency. So too, default is just a matter of time.
Spot on.
I agree Chris, this kabuki theater that we are forced to go through it every couple of years is beyond tiring.
These corrupt government officials scurry on to the television and read off their Scripts, pretending to do something, pretending to care. While there partner in crime, the main stream state media, plays along to produce there propaganda reality TV show for the Sheeple.
The current hit job on the regional banks. Ignoring the Dobbs banking law. Planning to go around Congress to increase the debt ceiling. CBDC 😒
These actions are not those of concerned countrymen. Just the very opposite.
To quote a phrase from the movie, captain America the winter soldier: Hail Hydra
On point
The lower quality of life is already here. Just look at the rising homelessness, deaths of despair, and Americans having shorter lifespans.
https://www.zerohedge.com/medical/deaths-despair-now-significant-among-young
Italy.. yes, we indeed have a few more public debt on gdp, but we have a lot less total (pub+priv) debt on gdp than a lot of our bigger and better brothers...
Sir, I humbly suggest You to look at Tom Luongo's substack, he has a very interesting theory about the widening split between Fed and Treasury... like Captain America Vs. Hydra, and this could help understanding what's going on... US Fed vs Us Davos' puppets... and I'm ashamed to live in their reign... :(
Are you saying the continued printing of money (i.e., M2), official inflation (tweaks to swap steak to burgers), and unofficial inflation (adding impact of assets) are basically a slow-moving, continuous default?
Check your facts regarding which party adds the most to the debt (see below). The democrats do spend more on social spending. They both never question adding to the defense budget. The republicans are great at tax relief for the 1% and tax breaks for corporations. Neither worries about national debt when they are in control of congress and executive branch.
President Regan added $1.86 trillion to the national debt, a 186% increase from the $997.8 billion debt at the end of Carter's last budget
President H.W. Bush added $1.55 trillion to the debt, a 54% increase from the $2.857 trillion debt at the end of Reagan's last budget
President Clinton increased the national debt by almost $1.4 trillion, almost a 32% increase from the $4.4 trillion debt at the end of President H.W. Bush's last budget.
President Bush added $5.85 trillion to the national debt, a 101% increase from the $5.8 trillion debt at the end of Clinton's last budget for fiscal year 2001.
President Obama added about $8.6 trillion, about a 74% increase, to the national debt at the end of President Bush’s last budget in 2009.
President Trump added $6.7 trillion to the debt between fiscal year 2017 and fiscal year 2020, a 33.1% increase,
Relax, we can't default. We have a printing press. Everything will be fine. An MMT theorist told me so. 😆