It was reported this week that Ron Paul will join Elon Musk on his Government Efficiency Commission to reduce federal spending. The debt crisis our nation faces is dire. For the most part, the media is not reporting about it. It will require enormous reductions in federal spending to bring […]
Category: Debt/ Inflation
Interest On Federal Debt Exploding
The below chart reveals that the amount of money the federal government spends on the interest it must pay on the federal debt is skyrocketing. It is quickly consuming an ever-increasing percentage of federal spending. It might ultimately crowd out other federal spending by necessity. Unless something is done very […]
US Debt Increases $473 Billion In Just 3 Weeks
Most Americans are unaware that the federal debt just spiked by nearly $500 billion over a three week period. Elon Musk correctly called this a crisis. Porter Stansberry has commented on what Americans might be facing because of the spiraling national debt: Virtually every American is about to lose 50-75% […]
Inflation Harms People
As I noted previously, devaluation of the dollar and the national debt will be an issue regardless of who assumes the presidency:
Inflation Explained
HT: NC Renegade Why is the dollar worth so little compared with years ago? "Imagine a world where a sitting Congressman has to break down currency devaluation like he's giving a lesson to elementary school kids. That's what we’re witnessing as Rep. Massie lays out the basics for Washington’s so-called […]
Next President Will Have To Face Spiraling Debt Picture
If Trump wins the presidency, it will be regarded as a major victory by his supporters. In that event, however, he would likely have to face a debt crisis that is rapidly deteriorating. Moody’s is an organization that rates bonds. It has issued a statement that the next president will […]
Back To Basics On Governmental Spending
When folks express support for more programs that increase spending by the federal government, they often don’t consider the following: Exactly https://t.co/2xlFqU2PFR — Elon Musk (@elonmusk) August 17, 2024
Sooner or Later…
We Are All Swimming in Debt
HT: NC Renegade 76% of all personal income tax last month went to servicing the $34 trillion national debt. How did we get here? Two men: FDR and Richard Nixon. Together, they broke the dollar. And put the American people into debt slavery. pic.twitter.com/Emrbt6mspu — Peter St Onge, Ph.D. (@profstonge) […]
“America Ending, Republic Ending”
Bannon points to a chart that projects annual $trillion+ deficits increasing year by year into the future. He also describes a US House of Representatives GOP conference in which certain Republicans– i.e. powerful “appropriators”– asserted there is nothing that can be done about it: