US Debt On Its Way UP...

The American debt is out of control, but America can afford it 

because of the American dollar.

Image: Adobe Stock

The US debt will reach $30T in the coming months. This is a certainty. While this seemed hardly imaginable only ten years ago when the US debt was still “only” $14.3T in 2011, it is now unavoidable as it reaches $28.8T at the time of writing.

In only ten years, the US debt has thus increased by +101%.

This would not be so serious if America’s GDP had grown at the same rate over this period. However, this is not the case, since the US GDP has stalled. Over the same period the US GDP grew by “only” +46.5%.

America Gross Domestic Product — Source: The Fed

Under these conditions, it is not surprising that America’s debt-to-GDP ratio has risen well above 100% and currently stands at 127%. The time when having a debt-to-GDP ratio above 100% was taboo is over.

Among the world’s major economic powers, it has even become the norm.
The American debt is divided into two main categories

The US debt is managed by the US Treasury Department through the Bureau of Public Debt. The debt is divided into two broad categories: intra-governmental holdings and debt held by the public.

Intra-governmental debt is debt that the U.S. Treasury owes to other federal agencies. Some agencies, like the Social Security Trust Fund, collect more tax revenue than they need. Instead of putting this money under a giant mattress, these agencies invest in U.S. Treasury bonds.

Currently, this intra-governmental debt is about $6.4T.                       TO KNOW MORE ABOUT OUR DEBT...                                                                                                                                                CLICK HERE...

GREED: America's Downfall...

In the summer of 1967, I was working as a laborer for a Road Construction Company called Regal Construction up Upper Marlboro, MD that was building a new stretch of Interstate Highway in that area. and had no desire to know if the company was building other highways or not because I was ATTENDING COLLEGE so that I would not have to work as a laborer at $2 per hour.

My reason for attending COLLEGE was personal and selfish:  I wanted a better job and more money...

Little did I know that this was the foundation of our economic free market enterprise system... to continue to make as much money as one can arrange over a lifetime of work and use that money to buy bigger and better THINGS over one's lifetime of work...

As one gets older and wiser and accumulates more wealth, one learns to shelter that money away from taxes even though one knows that taxes are used to provide services to those who are not wealthy and support our government's growth.

In addition to providing for the national defense and negotiating treaties and deals with our countries, our government provides PUBLIC;

• education
• transportation
• highways
• parks and recreation
• welfare
• medicare
• housing
• unemployment
• social security

Each one of these governmental services is a FORM OF SOCIALISM and in order to increase the payouts to any of these services, the government MUST increase its base of TAXES or borrow money from FOREIGN GOVERNMENTS...

DATA FROM 2020

Currently, ONE THIRD of our NATIONAL DEBT is owned by CHINA.

As the wealthy become more wealthy, they shelter away from taxes more and more of their money knowing that the government needs those taxes to pay for increases in those services...  so, the tax burden always falls on those who cannot shelter their taxes like the WEALTHY.

While this is not FAIR or EQUITABLE, it is the AMERICAN WAY which is protected by the AMERICAN LAWS...

Illegal immigration consumes more and more of those services (as well as the low paying jobs) as their numbers increase to the detriment of the American People who also need those services and jobs.

Some of our DEMOCRATIC PARTY citizens want to provide FREE COLLEGE EDUCATION to everyone including ILLEGAL IMMIGRANTS which will, over time, INCREASE GREED EXPONENTIALLY and our Businesses and Industries who are also facing increases in taxes and fewer profits to pay for new product research, have NO REASON to provide employment to these EDUCATED AMERICANS.

Our Government CANNOT FORCE business and industry to HIRE WORKERS unless our government OWNS these businesses and industries which under our current governmental law is not possible or permissible.

THEREFORE and in order to increase the services to Americans, our Government will need to ACQUIRE all of America's Businesses and Industries in order to provide employment to all the college educated citizens so that they can enjoy greater income and enjoy the pleasures of GREED by buying more and more.

AND...  it is these actions...  that will cause America's Downfall...  as our free market enterprise system begins to bite itself in the ass...

China

DO YOU TRUST CHINA?

WILL YOU EVER TRUST CHINA AGAIN?

What is interesting here is that China owns about ONE THIRD of US Debt which is something that this Communist Government will hold over our head until the debt is paid back...

Let me put it another way...

WE OWE THE COMMUNIST GOVERNMENT OF CHINA MONEY!!!