For months, we heard how the Dow would rally another 1,000 points and another and another. We were told the next 1,000 points happened in 2 months, 6 weeks, 4 weeks. We have another statistic that longer term, is far more important. On September 8, 2017, the national debt hit $20 trillion. On March 15, 2018, the national debt hit $21 trillion. In just a little over 6 months, the bad people added another $1 trillion to our national debt…and just about no one seems to care. We say just about no one because we care. Others care but the people that matter the most couldn’t give a crap. Trump, Ryan, McConnell, Pelosi, Schumer and just about everyone in DC do not care. Obama did not care to the tune of $9 trillion of debt. Bush did not care to the tune of $5 trillion of debt.
We watched some of the Sunday shows this weekend looking for one person to bring up the fact that in just 6 months, a whopping $1 trillion was added to our debt. Nope. All we heard was Trump, Mueller, McCabe, Russia, Trump, elections, Dems, Reps blah blah blah! The so-called leaders do not care. Why would they? After all, many are retiring to their cushy pensions and lobbying jobs. Those that stay will just blame the other side. As usual, the national media will blame one side. So just in case you did not know, the people in both parties have taken us to:
$21 trillion of debt. That’s $21 trillion spent by our government over and above what we sent them throughout the years.
This year, we will send them $3.5 trillion but they will spend $4.5 trillion.
Going forward, every day, we are adding $3 billion to our debt.
Going forward, yearly deficits will hit $1 trillion. And to all you loving Trumpsters, it is the Donald and his party that just added $300 billion of deficit spending going forward each year. The other party was thrilled.
Next year, the first $400 billion of taxpayer dollars goes towards the interest the bad people created on all that debt. That’s $400 billion down the toilet…nothing of the $400 billion towards roads, bridges, poor, elderly, children and anything that matters.
Within a few years, yearly interest payments will be over $750 billion. Don’t blink and it will be over $1 trillion of interest payments each year. And this is all happening with rigged and manipulated low rates.
There is no one left. There are no loud voices. There is one eventuality. We do not know what time. We do not know at what number. We just know the trajectory is more than ominous. The biggest con game in history continues by both parties.
But don’t worry! Everything is great again!