US Debt 2034-2040 Option A) Do nothing, status quo, inflation the world hasn’t seen since pre Hitler Germany, Russia/China becomes leaders of free world Option B) cut spending, raise taxes, and service the debt (but cause a depression/recession ie why it hasn’t been done already)

The reason that growth won't save us is very simple. Growth increases tax revenue, but our spending increases have exceeded our tax revenue increases. Until our politicians start showing some fiscal restraint on the spending side, growing tax revenues won't help.

They're never going let 2008 happen again. That's the difference. DJIA to 100K, but a bottle of Coke will cost $20.

Why are you surprised?

Children under 15 outnumber seniors in only 10 states plus DC. Utah leads at 1.63 children per senior. Maine & Vermont are lowest at 0.57

Outcome of quantitative easing, outcome of a state managed financial capitalist economy with an extreme welfare overlay, outcome of the Cantillon effect

Without a crowding out effect on federal spend due to QE surpassing rates, the government spend multiplier is 3.33x or 3.33$ for every 1$ of spend is added to GDP, government spend is 6.4 trillion = 21.33 trillion of GDP 64% of ATL fed projection. This is a socialist country!

Popular opinion: Congressional term limits would literally solve about 99% of our country’s problems.

“The Federal Government cannot continue to spend more money than it takes in.” - Jimmy Carter (1978) “For decades we have piled deficit upon deficit, mortgaging our future and our children's future.” - Ronald Reagan (1981) “We must bring the Federal budget deficit under control.” - George H.W. Bush (1989) “We must put our fiscal house in order.” - Bill Clinton (1993) “We can pay down a large portion of the national debt.” - George W. Bush (2001) “Families across the country are tightening their belts … the federal government should do the same.” - Barack Obama (2010) “We will start to balance our budget and pay down our debt.” - Donald Trump (2016) “My plan will reduce the deficit.” - Joe Biden (2022) “We will balance the federal budget.” - Donald Trump (2024)

US National Debt in March 2016: $19 trillion US National Debt Today: $40 trillion

UPDATE The Mets are scouting and considering Hansin Tigers star 3B Teruaki Sato, per @JonHeyman

The interest rate on the national debt is set to skyrocket after 2030. 📈 And any remedies to rein it in will become unfathomably tougher for Americans to absorb.

RT @JessicaBRiedl: @FrankLuntz The longer we wait, the more painful the tax & spending changes needed to stabilize the debt become - think…

One of the worst things about Trump is that he’s ushering in more corporate welfare, cronyism, and socialism while parading it under the banner of capitalism, so we end up with all the failings of those ideologies but with a generation of young people blaming the market economy.