Deficits and Debt

OR “How I Came to Love Government Largesse.”

Are you familiar with the oldest one in the book? It goes something like this:

“Hey, lookest thou over there.

Hah, madest thou to look.”

FYI: “The CBO estimates the Fiscal Responsibility Act would reduce deficits by $1.5 trillion from 2023 to 2033.” (Deficits, not debt)

Here’s the math, as I am able to decipher the government “Double Speak“: that, so-called, “deficit reduction” represents a $150 billion a year reduction for each of the next ten years.

The 2022 deficit was $1.4 trillion. So, using the standard of $1.4T/year, in 10 years the debt will have grown by $14 trillion per year. With a deficit reduction of $1.5 trillion over ten years (averaging $150 billion/year), that would put the debt growth at $12.5 trillion instead of $14 trillion. So, given the current National Debt at just over $32 trillion, that would put the National Debt at $44.5 trillion in 2033. Does anyone really think that is sustainable? (Double-Speak ALERT! – the word “sustainable“, from “sustainability“, is one of the left’s concoctions to justify anything it wants to force you to do in the name of it benefiting the “Greater Good”). This whole exercise in futility ignores the fact that these things never come out as rosy as we’re told. IOW, what will happen to spending if we go to war with China, as we’re being warned is inevitable, or your elected Representative has to satisfy some loud and raucous special interest group by throwing money at it to calm it down?

So, we’re told to ignore the $13 trillion we add to the debt in 10 years, and rejoice over the minuscule $150 billion/year reduction in overspending. Meanwhile, we continue to decimate our energy industry, give money, we don’t have, to nations that hate us, and fund the Quid-Pro-Joe-War for “as long as it takes.” Two other possible interrupters in this scheme:

1. Student Loan Debt “Forgiveness”, which forgives nothing but just shifts the responsibility from those who borrowed the money to the taxpayer (BTW, if you were stupid enough to pay your student loan off, instead of going with the minimum monthly payment that, actually due to interest, caused your principle to rise, instead of buying a car or other non-necessity… well, maybe that degree you earned didn’t make you as smart as you thought it would).

AND…

2. Reparations. BTW, once it is agreed to pay reparations to the descendants of slaves, many of whom are not descendants of slaves at all, the line of those with grievances seeking reparations for their pain will explode exponentially.

You don’t have to be a genius to understand that we are being fed a crock of shite.

Change My Mind!