The Liberal’s National Debt Will Trigger An Economic Collapse

A good article which tells you what you already know:

The U.S. national debt has increased every year this century and is approaching $20 trillion… While it was an amount equal to 55 percent of the nation’s gross domestic product in 2000, it reached 101 percent of GDP in 2015…

According to U.S. Debt Clock, the U.S. national debt stands at $19.4 trillion as of July 26. It was $5.7 trillion in 2000 and increased to $18.2 trillion by 2015. The number represents the debt issued by the United States Department of the Treasury…

I love how they don’t say, “The debt was $5.7 trillion in 2000, $7 trillion in 2008, and increased to $18.2 trillion by 2015.” You don’t want people thinking about the wrong things.

“Eventually, taxes will have to be increased to pay off the debt (deficit spending just means future taxes) or spending will have to be substantially cut, especially popular spending such as Social Security or Medicare, since that is where the real spending is taking place…”

The federal government currently pays about 2.5 percent interest on its debt. At that rate, the interest on $20 trillion is $500 billion annually…”

The Congressional Budget Office projects a $534 billion deficit for the 2016 fiscal year or a $100 billion increase from 2015.

Davies estimated that the federal government will spend $13.6 billion on interest just on 2016’s projected $534 billion of red ink. He said that reduces the amount of money the government will have available to spend on public services by $13.6 billion every year into the future until the debt is paid…

“The federal debt is so large that just a one-percentage-point increase in interest rates would cost the federal government, in additional interest expense, as much as the annual costs of the Iraq and Afghanistan wars combined,” Davies said. “In short, the federal debt has painted the Federal Reserve into a corner. It can’t allow interest rates to rise significantly for fear of financially crippling the federal government.”

Again, these are all the bullshit rosy numbers that they feed the public to avoid panic. The real reality is much worse, and even the bad numbers are only relevant under conditions of a fat and happy populace which acts as if money is totally unimportant.

Let panic hit, let people all try to withdraw money from banks, let everyone cut expenditures to make their money last, let the EBT system fail, let borrowers suddenly decide to not borrow, let anarchy rise and food distribution falter, and even the real numbers will look delightful by comparison.

Like the seasons, night and day, or any other natural process r and K follow each other. When K returns, it will bring a level of conservatism back with it that few today could imagine.