Government Debt Explosion!...$52,000 per SECOND!...Is the END near?

[Brian4Liberty]

Government Debt Explosion!...$52,000 per SECOND!...Is the END near?

Every bubble goes through different phases before it finally bursts. They all end in a euphoric crack-up boom. In less than a year, the U.S. government has been clocking in debt at an average of $52,000 per SECOND, which more than what the average American earns in an entire YEAR! Is the U.S. government bubble finally reaching the end?

[timosman]

What if the government is laundering money through Federal Reserve?

“The federal role is to detect and apprehend 30% of major illegal activity [at the border].”

Otherwise known as tax.

[enhanced_deficit]

National debt hits $21 trillion

[enhanced_deficit]

Pelosi is back, so more money shoukd be thrown on this growing debt problem:

Trump, Schumer, Pelosi Consider Repealing Debt Ceiling Altogether

[Zippyjuan]

Pelosi is back, so more money shoukd be thrown on this growing debt problem:

Trump, Schumer, Pelosi Consider Repealing Debt Ceiling Altogether

Good thing the Republicans reduced the deficit before the Democrats get the House. Things like cut spending and not cut taxes.

https://thehill.com/homenews/adminis...eficit-in-2019

White House budget projects $1 trillion deficit in 2019

The White House’s midyear budget projections see federal deficits surpassing $1 trillion in 2019.

In an annual budget review, the White House’s Office of Management and Budget (OMB) estimated that new legislation enacted since the release of its February budget — alongside new projections on other spending and receipts — would add $101 billion more to the 2019 deficit, pushing it above $1 trillion.

That figure would amount to 5.1 percent of the United States's gross domestic product, the nation’s total economic output.

The midyear budget review was released quietly on Friday.

Estimates from the nonpartisan Congressional Budget Office had forecast the deficit to near $1 trillion in 2019, but not pass it until 2020.

Budget watchdogs said that deficits had doubled in recent years as a result of bipartisan spending agreements and the GOP tax-cut law passed in December.

[osan]

Government Debt Explosion!...$52,000 per SECOND!...Is the END near?

People have been going on about this for a few decades now, and it's still not happened, and may never.

If you understand the current system of currency, it becomes clear that we can go on like this for centuries and beyond.

Gone far enough, the "dollar" gives way to the kilodollar, to the megadollar, to the gigadollar... to the yottadollar, to the...

This can be sustained indefinitely, make no mistake about it. There is absolutely NOTHING in principle that prevents it from being so. That doesn't mean it will not fall for some particular reason, but only that the reason in not an inherent limiter of the lifecycle.