Debt, debt and more debt

"Where are the people in the streets with torches and pitchforks? Where is the anger? The unrest? Nowhere, man. People are just numb to this entire issue."

There is nothing serendipitous about the amount of debt this nation is currently carrying. Nothing good, will this way come. And for some reason, which seems to escape most of us, our government keeps piling it on. How bad is it right now? Here are some grim reminders. According to the US National Debt Clock, we are $31.722 T (and change) in debt. Our unfunded liabilities are $187T (and more change). We have spent (both parties), like our money means nothing. And in many areas of the world, our money does mean very little or nothing. But who cares? Let's spend it like we don't have it!

We somehow, always manage to find ways to throw good money after bad. I heard on the news this morning, that (don't ask me the why and what for on this one), we are giving $500M to Pakistan to teach English to transvestites who live there. Wait - what? Are there a lot of trans people in Pakistan who need to know English? First off, there are only a handful of people in Pakistan who identify as trans. And second - what the heck to they need to know English for? That is not the language of Pakistan! I know - $500M is not a lot of money these days. But this is as stupid as putting shrimp on a treadmill (yes, our debt has paid for that also).

By the way, June 1st is the date we are suppose to exceed our debt ceiling. The bill the Republicans have in the House will raise the debt ceiling. HOWEVER - there must be some claw backs to accompany it. Like, repeal the misnamed Inflation Reduction Act. And taking back some monies which where appropriated for Covid and not used. Seems like common sense to me. But Biden is yelping like a puppy caught in a bear trap over giving one red cent back to the Treasury. So, the band plays on. 

Tired of talking about our debt? We could wipe it out in a heartbeat. All it would take is each taxpayer to write out a check to the Treasury for $250k, and it would be gone. And those unfunded liabilities? Same thing. Each citizen would write out a check for 560k and that would be gone also. See how easy that was?

A couple more things. Should Biden get his way and forgive student loan debt, that would add $1.7T on to the national debt. And our interest to carry this debt, is now over 500B. What does all this mean? There is a reason the debt always goes up, and never comes down. Nobody, except for a handful of citizens, take our debt seriously. By the time we do, it will be too late.

One last thing. Three years ago next month, I penned an article on our debt. I was alarmed that it was almost $22T. So in three years, our national debt has gone up $10T. Where are the people in the streets with torches and pitchforks? Where is the anger? The unrest? Nowhere, man. People are just numb to this entire issue. And that is how America gave up her greatness.