Aside from us topping 33 trillion, I noticed something: Just the interest on servicing this debt costs almost as much as ALL of our entire national defense!
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We could basically fund the entire department of war (ooops, I mean defense)… TWICE, in perpetuity if we didn’t have all this debt. We simply have to stop all this government spending. Stick to that debt ceiling.
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Cloward and Piven strategy. Once you understand that you understand exactly what they’re doing.
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Yep…
The ultimate objective of this strategy – to wipe out poverty by establishing a guaranteed annual income – will be questioned by some. Because the ideal of individual social and economic mobility has deep roots, even activists seem reluctant to call for national programs to eliminate poverty by the outright redistribution of income.[2]
https://study.com/learn/lesson/cloward-piven-strategy-steps-theory.html
The Cloward-Piven Theory is a strategy devised in the 1960s to successfully provide welfare and attempt to solve political problems. The main steps of this strategy are to:
- Overload a system
- Create mass panic and hysteria as the system is overloaded
- Oversee the destruction of the system
- Replace the former system with a new system
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The govt has been working towards bankruptcy for a long time, you Nick and I would be begging in the streets by now.
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I visualize the debt as a runaway train careening down the tracks towards calamity with a donkey and elephant as the engineers and the American people as passengers.
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In the top right corner of the Debt Clock there is a little, not-widely known link: “Debt Clock Time Machine” that you can use to see what the future will look like in 2027. It’s insane. And 2027 is not that far away.
Interest on the debt will be our biggest expense. More than Medicare. More than Social Security. More than Department of War.
100% of our GDP will go towards just servicing our debt. Welcome to the United States of Venezuela.
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Which means eventually we will have to default or restructure the debt. Those that would benefit from this should be identified.
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Despite all the shrieking and pearl clutching by certain factions of our government we have, in fact, defaulted on our debt before. It’s just this time we’re much more globally connected and that could have much larger, long-term implications for us working class folks.
We shall see if this current administration takes advantage of China’s Belt And Road Initiative money. They’ve already sold us all out so why not?
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