$40 Trillion in Debt: America’s Fiscal Implosion Continues

We are a declining superpower. Have been for the last 25 years. Somehow alot of us knew that a few weeks after 9/11…we would spend hundreds of billions, if not trillions on 20+ years of war – GWB himself said the GWAT would be “decades.” Then the Great Recession, caused mostly by gov’t forced liberal housing mortgage policies and dishonest brokers of said mortgagers, followed by TARP bailouts, followed by Obamacare and its trillions in subsidies to insurance companies and nothing to show for it in terms of cheaper healthcare (he & congressional Democrats increased the debt by more than all previous presidents combined), then Trump said “hold my beer” and then increased it more than any single four year term in history, followed by Biden, not to be outdone, who said “hold my Ensure” and immediately broke Trump’s record. and we, the American people, like sheep, just shrugged and watched it all happen, never voting out those who kept passing those insane onmibus bills year after year. Throughout all that time, we borrowed money to give away to foreign countries and NGOs. It’s too far gone now. The math on the compounding interest is brutally honest. All we can be thankful for is that after the federal gov’t financially collapses, South Carolina has been conservatively governed for many decades, and has very low debt, fully- funded reserves, and large budget surpluses that can be remitted back to the people. But there will be a period of unrest when the federal welfare state benefits dry up. We need to start getting those people on the dole prepared for it so they can get back into the job market on the frontside of the calamity, to lessen the shock that is surely coming.