Quote:
Originally Posted by tophcfa
This whole tariff thing is proving to be the fuse that is lighting the bomb, which is our country’s real problem that nobody seems to want to address. That problem is our country’s unsustainable level of ever growing debt (over $36 trillion and rapidly growing). Without foreign countries willingness to fund our country’s out of control debt levels, we are basically screwed. Anything we do that causes foreigners to loose confidence in the financial stability of the good old US of A spells disaster. Not to mention the fact that the interest payments alone on the debt are crippling to the nation’s budget. Stay tuned and buckle up, this has the potential to get very ugly.
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There is an old financial theory called Furganson's Law
that says when the interest on a country's debt EXCEEDS the money spent on it's military, then that country risks having big problems. And right now the US debt interest EXCEEDS the military spend by a small amount.