The United States deficit is starting to approach a trillion dollars, maybe getting as high as 1.4 trillion in coming years, this along with a 20 trillion dollar debt, means big trouble for America’s vulnerable, meaning our young and old.
The Democrats warn that the mounting sovereign debt is a “ticking time bomb,” in the words of former Treasury Secretary Jack Lew.
“The next shoe to drop is going to be an attack on the most vulnerable in our society,” Lew said last month.
“We are going to see proposals to cut health insurance for poor people, to take basic food support away from poor people, to attack Medicare and Social Security. One could not have made up a more cynical strategy.”
Of course the Democrats are just as culpable as anybody for our outrages debt, but looking into the abyss of hell gives us an idea what to expect in the near future. America is the world’s largest borrower, and also has the most to lose.
Trump is planning over a trillion dollar infrastructure plan that should have been in the planning over 20 years ago, a last minute emergency fix that past presidents continued to pass the buck on, continuing to ruin American Nationals retirement plans, social security benefits, and health care concerns.
It makes you wonder, how many acres of printing presses are churning out these hundred dollars bills?