NEXT STOP $40 TRILLION AND QUICKLY!

Nothing changes. We watched Senator Chris Murphy, with a straight face, say on a Sunday show that Biden’s so-called Inflation Reduction Act, the one where Biden said it did nothing for inflation, actually lowered the deficit. Yes…add $1.8 trillion of spending to lower spending and lower the deficit…that’s the ticket. The anchor did not push back. We watched the current head of the OMB state they are cutting spending. Yes, spend $10 and then cut $1 and say you are cutting spending. And this is how you get to $37 trillion of debt with the fast track to $40 and beyond.

Except for a Rand Paul and a couple of others, no one cares. They figure they have got away with going from $15, 20, $25, $30, $35 trillion and the world did not end.  They figure we are all paying attention to our own lives so who cares what our debt is and where it is going. They figure if it ever blows up, they will either be retired or gone or just blame the other side. They know that if they really cut spending and we mean really cut spending, it would affect the GDP that has been so dependent on government spending and there goes the next election.

So nothing has changed. $40 trillion up next. We’re already at $1 trillion but soon, we’ll be talking $1.5 trillion/year to interest. Yes…not to roads, streets, bridges, the grid, elderly, children in need and how is that air traffic business that is still using floppy disks…but instead, going to interest. But do not worry. Both parties have told us they have cut the deficit and cut spending. They do not even care all one has to do is click on the debt clock link:

https://www.usdebtclock.org/

We have stated for quite the long time…we had better not have the bond market wake up one day and scream the question: HOW MUCH DEBT? Where are the darn conservatives?