Federal government spending will bankrupt the country, unless action is taken to reduce government waste.
— Elon Musk (@elonmusk) September 21, 2024
This is what causes inflation! https://t.co/Q0rN5hbXHp
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I think we’re already bankrupt.
As Pogo (comic strip character in 1971) so aptly said:
“We have met the enemy, and he is us…”
Closing on $40 Trillion in debt begs the question: What is money; at least in the fUSA? November 2024 shan’t improve anything. No matter which puppet is installed, the rank and file producers are doomed. SMH.
We just paid 1 trillion dollars for interest on the debt. But we borrowed the 1 trillion dollars to pay the interest. Insolvency?
$1 trillion to pay the interest, never reducing the principal that we added $1 trillion to. Thus, in a couple years that interest payment will be 148% of the total GDP, so yes, we are completely broke and insolvent. Right about now would be ripe for our creditors to call in the notes.
Newsflash! The USA is already bankrupt…in fact we are beyond bankrupt. There is absolutely no way the US can pay the debt it has incurred. The only thing left is collapse. Exactly when and in what fashion that happens is debatable. But it is an inevitability.