Talk of The Villages Florida - View Single Post - Adding "just" $1.5 trillion to the Federal deficit
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Old 11-10-2017, 11:18 PM
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Paying down the debt is no longer an option as we have blown by that tipping point. Now the focus is how to delay the crash. The only way to do that is continue to borrow and spend until the rest of the world says they don’t want US dollars any longer. The debt is hardly a blimp when you look at all the financial commitments and guarantees both state and federal governments have made including SS, Medicare, pension, promised healthcare, etc that are starting to come due. IMO
America is bankrupt...$20 trillion in debt...$1 bills that would go to the moon and back 6 times. We owe over $60,000 for EVERY man woman and child...We go over $1 trillion in farther into debt each year...over $3,000 for EVERY man woman and child. Eventually...it WILL end...my guess is sometime before we become 80% minority...within 30 years.