I’d just like to thank the current administration for their thoughtfulness.
Today, the United States can rack up debt on the order of $9 trillion dollars. That’s awesome. The juice (interest) on that sucker is gonna be out of this world. But who cares? That’s a problem for later….like in 20 years when all the baby boomers are old and bitching about their Social Security checks not being big enough.
Granted, you can’t just default on Treasury notes. That’d cause a complete financial meltdown. Since the USD is still the benchmark currency for the world, this has to be done. It would have been nice if there were some rules set forth that would FORCE the administration AND Congress to cut spending. Porkbusters maybe?
This isn’t a Republican problem. This isn’t the Democrat’s fault either. Its BOTH their faults. The Republicans are approving the spending. The Democrats aren’t making big enough of a stink about this.
I remember when Republicans used to be about minimizing government, and when Democrats used to implement massive government bureaucracies. It seems things have shifted lately.
Paying for the present by stealing from the future
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