The US is done, the long downward spiral has begun, driven by the extremist, radical, far-left, whacked ideology which has infiltrated and corrupted every institution we depend on, starting with education and continuing through law, medicine, even the military at times. The triumph of idiotic ideology over common sense has undermined meritocracy and promoted morons who are the right skin color, gender, religion, or sexual orientation over hard-working intelligence. But an equally pernicious factor has been the reckless incurrence of massive public debt by both parties–multi-trillion dollar deficits year-after-year. Anyone who thinks this doesn’t eventually ruin any country is delusional.
If you want an easy to read report on just how bad federal finances are; take a look at the latest Congressional Budget Office projections. Very depressing reading, almost as bad as reading Bluesky posts. Ongoing huge deficits, up to $3.6 trillion for the year 2036. Burgeoning interest payments, over $1 trillion in 2026 and over $2 trillion by 2036, combine with the deficit to create a recipe for very high interest rates, inflation and stifled growth. The federal government will be eating up almost 25% of our entire economy through this ten-year projection period. Standards of living will fall. And neither party has the courage to do what is right and cut spending. (CBO Report)
Gees what a way to start my day! So, the US dollar with be worth less in the years to come and no wonder Au and Ag are booming. Where are the alchemists that can turn Pb into Au.
Would term limits have made any difference, Kevin?
maybe, maybe people who couldn’t run again would have more courage
Amy Klobuchar is going to have to be held accountable for being in the US Senate and voting for an increase in our national debt from ~$8 trillion when she first took office to ~$38 trillion today. Minnesota has a massive budgeting/spending problem and she is probably the worst person in the world to brag that she is best suited to manage the Minnesota Massacre known as our current state economy, state fraud and state budget.
Incidentally, those weren’t mistakes Amy Klobuchar made to keep spending beyond her/our means. Those were deliberate choices made over each of the last 20 years without ever saying “let’s slow this bus down.”
We are definitely in a bad spot and need to restrain spending. But I doubt things are as dire as CBO says. They are notorious for their pessimistic estimates of economic growth. They say that growth for fiscal 2025 was 1.9%; actual was more like 2.5%. They expect 2.2% growth for 2026; I will take the over on that, by quite a lot. And then they assume 1.8% annual growth after 2026. Well, maybe if the Dems get control of the government.
that is real GDP, after inflation, pre-inflation their numbers are obviously higher. And when inflation takes off again because of all the money we are printing to service debt, these deficit numbers will get even bigger.
Democrats have been fully on board with the massive deficits as far back as the Roosevelt administration. At the same time, I fully agree that large segments of the republican leadership has been complacent in the excess spending.
While republicans deserve lots of criticism for their complacency, Democrats have a very delusional concept of basic economic facts. Much of the democratic party members still believe in kenysian economics.
Further evidence of democrats delusions on basic economics is the social security trust fund solvency. The belief that social security trust fund is solvent rests heavily on the belief that since the trust fund has invested in treasury securities and thus solvent, while ignoring the sole source of repayment of those obligations is tax revenue from taxpayers. Perpetual deficits indicates there are no excess funds to pay off the obligations.
I just listened to an interview of David Bahnsen by Michael Savage. Mr. Bahnsen puts the blame on the American people for basically being okay with trillions of dollars in deficit spending and not rising up en masse to put an end to it.