Racing towards bankruptcy

Editor’s note. The national debt as of March 2020, is twenty three and a half trillion. With the latest panic moves, it will soon be twenty seven trillion dollars. Who do you think will suffer, you or our politicians?

Over the last few days, the press has spent all of its energies on Syria so I haven’t seen any that’s reported on the new disastrous milestone that our nation has just passed. What’s that? The increase of the national debt to over $17 trillion, or $146,289 of debt per taxpayer!

What’s a trillion dollars? It’s one million, million dollars! That’s definitely not chump change, like billions have become.

When President George W. Bush took office on January 20, 2001, the national debt totaled $5.7 trillion. When he left eight years later, he had increased the national debt by almost $5 trillion to $10.6 trillion. He had dodged including his two disastrous failed wars in his budgets, so he could make his awful debt increases look smaller. It’s called smoke and mirrors and as the public didn’t pay much attention, he got away with it. Or so he thought.

President Obama has been in office since 2009, almost five years now. As you can see above, he has increased the national debt to over $17 trillion. That’s an increase of $6.4 trillion! At this pace, ($40,455 per second) when he leaves office in January 2017, it will be an astounding $21 trillion. His sycophants will applaud his brilliant leadership and wisdom!

I think that his slogan of ‘Yes we can‘ meant kicking the debt can down the road and nothing else.

I’ve calculated that in 2019 we’ll be bankrupt if not before, and will lose the dollar reserve currency status to China or a group of currencies. As the U.S. dollar is the global reserve currency today, it keeps our cost of living relatively low. When that ends, we’ll have massive inflation leading quickly to another Great Depression. This one will be much worse than the one last century.

I hope you like “Mac’ & Cheese” for dinner? Don’t worry, presidents’ Bush and Obama will still be eating caviar. Is that the “…change you can believe in” that I’ve heard many times?

You’ll also discover the meaning of the phrase “means testing” and your Social Security checks. If you invested wisely and saved money for retirement you will have the means to not need Social Security, or get a reduced amount. If you’re a deadbeat, you’ll get your entire check. It’s a reward for the people who live to put their hands out for government assistance.

Neither Bush nor Obama will be blamed by most citizens. Whoever is the next chump president at the helm after President Obama will be blamed. The majority of the public will ignore that the new helmsman cannot steer away from the iceberg fast enough, since it will be too close so he or she will be blamed and will be the fall guy. This is how Washington works.

The only “good” news is that China’s economic output will be double ours by then, so the rest of the world may not suffer as much. We’ll be number two, and failing fast. I hope that your young children are learning Mandarin Chinese? They’ll be supporting you in your old age because Social Security and other government programs will be scaled back, way back.

We have to stop this madness. Elect me and I will, as I’ll form a “sanity caucus” and block government spending every chance we get.