Socialism and the welfare state – giving away free shit by borrowing someone else’s money - has bankrupted the US

A couple of articles – owe behind a pay wall- highlight how bleeding-heart liberals have bankrupted the US – and ca only continue ding so if other countries continue bailing out the US or the Fed keeps printing fiat currency – whilst calling it Modern Monetary Theory.

Many States and cities are benefitting from the largesse of a Democratic Party spending like drunken sailors on overnight shore leave to buy votes – from student loan and hospital debt forgiveness through open borders.

Here’s the first – behind a pay-wall - the headlines are sufficient to reveal the extent of the problem of interest n debt that has accumulated from decades of fiscal deficits.

Hartnett: US Interest To Hit $1.6 Trillion By Year End, Making It The Largest US Government Outlay | ZeroHedge

Hartnett: US Interest To Hit $1.6 Trillion By Year End, Making It The Largest US Government Outlay

"Unchanged rates/yields & debt trend next 12 months & US refinancing rate is 4.4% and annual interest costs jump from $1.1tn to $1.6tn..."

Where has all the debt come from? The magic money tree of socialism of curse. Somewhere over the horizon where all debt that is borrowed to fund profligate, unaffordable and vote-buying federal spending is imagined.

It used to be that whatever was not spelled out in the Constitution was a matter for each of the States. Not when you have the power of the purse!

Here’s the purse, from another article on ZeroHedge.com

How Much Do Food Stamps, Social Security, And Medicare Support The Economy? | ZeroHedge

Taken from here:

How Much Do Food Stamps, Social Security, and Medicare Support the Economy? – MishTalk

Inquiring minds might be interested in a discussion of government transfer payments as a percentage of real income. I can help, but prepare to be disgusted.”

“The numbers are worse than they look above as the following chart shows.

Transfer Receipts as Percentage of Real Personal Income

This is the inevitable end result of giving away free shit – it sponsors bad outcomes – the psychology is that no matter what you do, an agent, the State – will bail you out.

The magic money tree of socialism – we can debate the costs of the military thrown I for good measure – though I doubt that the plunder of the wealth of foreign countries will ever feature I any Treasury analysis.

If you want to spin-out some more, watch the numbers in the debt clock.

U.S. National Debt Clock : Real Time (usdebtclock.org)

Remember, when Obama “took over” I January 3009, US Federal debt was just 11 trillion bucks.

U.S. National Debt Clock 2008 (usdebtclock.org)

US government debt has increased by 23 trillion bucks over the last 15 years – with a short Trump influence that tried but could not stem the flow of Democratic Party vote buying and payments t cronies.

Politicians of all parties are incapable of managing a budget – it would be better if the mismanagement was within a small government than a massive behemoth of bureaucracy.

Maks you wonder how the credit rating agencies can possibly maintain the AA+/AAA ratings for the US, when other countries are not yet paying`1.6 trillion bucks a year in interest.

Let’s not forget the 10 million criminal migrants sucking up between 50,000 and 100,000 bucks a year and depleting emergency preparedness – another 500 billion to a trillion bucks to add to the pole of welfare payments.

Now tag on the upcoming spending on forests of windmills as tall as the Empire State building and plantations of solar panels that cannot resist a hailstrm!

Socialism - bankrupting entire populations for the sheer hell f it.

Onwards!!

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