The cost of servicing US debt has surged. With solutions to the problem seemingly trapped in political gridlock, kicking the can down the road has been the norm. But at some point, failure to tackle the US’s large and growing budget deficit is going to hit the wallets of ordinary Americans.
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The solution is to default on the National Debts like bankruptcy, then we will be far better off.
…It's going to be harder and harder to find ways to manage our poor fiscal management." It's poorly managed because the wealthy people that skim from it rely on it to be so. It's easier for them that way and makes it harder for them to get in trouble….
The only reason why the U.S. is spending more than the country can take in is because in order to create fiat you must create debt. Everyday dollars are printed. Once you realize this, you will understand the true importance of why Bitcoin is the scarcest asset with only 21 millions coins that no one can debase.
Almost 50 years old. The debt spiraling out of control has been a joke my entire life. No one of any party has done anything about it outside of a blip on the radar with Bill Clinton that then even may been questionable. Two things can destroy us. Losing military supremacy or being the world reserve currency. Aka look at what China is doing with their military.
When you find out your drug addict uncle sam spent all your money!????
Of course, because Americans want to give all their money to big kids playing ball games ?? ???? ???? ?? so they can get several millions upon millions of dollars per year instead of to the grown men risking their lives every single day performing highly dangerous, difficult, necessary jobs like tree work, high voltage electrical work, building our bridges, highways, railways, infrastructure, skyscrapers and driving kids in huge school busses all over the place etc. Wake up, people to this evil injustice before it's too late ????????
"We as a nation" says asian????
Bankrupt country if spending isnt cut in half.
Sept 18 2023 the US hit $33 trillion in debt.
As of Oct 9 2023 the US debt is at 33,480,000,000,000. Zimbabwe here we come .
With the ignorance and dumbness and corruptions of our politicians, I can think of 2 solutions:
1. make money worthless by inflation so that 32 trillion then would worth same as 32 billion now. Print baby print.
2. Start a world war to destroy everything and start over.