The US national debt is $20 trillion and US
unfunded liabilities total $80 trillion.
The US government routinely spends $4 trillion a year and State and
local governments spend another $2 trillion a year. Government now costs 40% of
GDP and should cost under 25% of GDP.
The US national debt was $5 trillion in 2000
and should have remained at $5 trillion.
The extra $15 trillion we spend was completely wasted.
We have at least two countries we need to
deal with. North Korea is threatening
the US with a nuclear missile strike.
Iran is threatening the US with global jihad and is the leading funder
of terrorist activity on the planet.
We have squandered the military superiority
we had in 1990 and we need to rebuild our military to deter aggression by North
Korea and Iran.
Our Generals have cited our debt as our
biggest existential threat. We are
exactly where the Roman Empire was in the 4th century AD.
Trump is correctly enlisting the Saudis to
defend themselves against Iranian sponsored terrorists and is correctly
enlisting China to help remove the North Korean threat. If neither are successful, we will likely be
attacked by both North Korea and Iran.
We are exactly where Britain was in 1933.
It would be good to have a low $5 trillion US
debt if we are going to need to take military action in North Korea and Iran.
Our debt and unfunded liabilities are bad,
even if we don’t need to go to war. We
have been close to having no buyers for our debt and those foreign countries
who are buying Treasury Bills could easily stop doing that. We are exactly
where Zimbabwe was in 1990 and exactly where Venezuela was in 1999.
Norb
Leahy, Dunwoody GA Tea Party Leader
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