This blog post is not about a particular politician but about the TERRIBLE financial state that all politicians have put our country in – THAT IS NOT TALKED ABOUT!
In 2009 when Pres Obama came to office, our country had amassed a 9 trillion dollar national debt since our founding in 1776 – (233 yrs). https://www.usdebtclock.org/ When Obama left office we were nearly 20 Trillion in debt and when Trump left office, we were 25 Trillion in debt, we are now 35 TRILLION in debt. In 16 yrs – abt 6% of our entire timeline history – our national debt has nearly QUADRUPLED. In 12 of those 16 yrs, There is a common denominator in 75% of this time, Joe Biden was part of the administration. In 2008 our interest on our national debt was $380 billion.
Next year (2025) the interest on our national debt is projected to approach ONE TRILLION. https://www.pgpf.org/budget-basics/what-are-interest-costs-on-the-national-debt
And it is projected that within the next decade, our national debt may exceed 50 TRILLION.
Just watch the first video and this presidential candidate is promising all sorts of benefits to just about every segment of our population and a “promise of freedom” with our society being shackled to that much increasing national debt and increasing interest payments that we have to make on that debt?
Please watch the second video starting at ~ 3 minutes with a scrolling part of the screen with all the things that have happened in spending money we don’t have.
Please watch the third video at 7:30 where there seemed to be support of a 70%-80% federal tax level to help pay for all these promises.
When will this honeymoon be over and when irreconcilable differences between promises and reality come home to roost?
Filed under: General Problems
We also suffer a $110 trillion debt borrowed from the Medi-
care and Social Security Trust Funds, to conceal the true size of our debts.
When Nazi Germany went on such a borrowing binge, nobody realized they had plans for a Holocaust and took the retirement savings of the murdered to pay for war. I hope our public officials are just stupid and gullible instead of genocidal, but the damage of ignoring the problem is making it worse.