Sunday, February 11, 2018

U.S. Government debt approaches $1 Trillion and is not sustainable as a nation

Why?

Because it's too high to pay down in a realistic way. People think we are as rich as we were in the 1950s or 1960s. But, that was before we almost bankrupted ourselves during the Viet nam War and in the recessions after the Arab Oil Crisis and the constant wars since 2001 in Afghanistan and Iraq.

Economists figure the wars have cost this government 6 trillion dollars at least so far.

Has Osama Bin Laden been posthumously successful in driving the U.S. to bankruptcy as a nation?

Maybe.

What has actually happened is that because of the Viet nam war, the Afghanistan War, the Iraq War we haven't fixed our infrastructure because we couldn't afford to because of all the wars.

Then we take on more debt and people want to pile onto our military spending like it's world war II or something.

Then we get rid of social services like appears to be happening again.

Rand Paul was right in putting the government into a shut Down to emphasize we just cannot keep borrowing like this because it is simply unsustainable.

Our country is now like a college senior with $200,000 in student loan debt who will NEVER be able to buy a home because of having to pay off this debt and interests over time.

The war weapons we use are a million dollars a pop and when you use 1 thousand of them that's 1 billion dollars right now.

Instead it would be better to send our Seal Team 6 maybe with Kalashnikovs or AR-15s.

We cannot afford our military anymore at this level. We cannot even afford to replace our infrastucture like roads, and bridges and 50 to 100 year old gas mains that keep blowing up.

How to we finance our military or even social programs if we are saving the world from itself?

If we don't save our world then the U.S. will be gone soon.

Once it was financially practical to be a world savior. We just cannot finance this anymore without going bankrupt.

IF we go bankrupt Osama Bin Laden then won posthumously. He was trying to make us go bankrupt by responding to 9-11.

What will we do now?

We either create a viable plan or we are toast.

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