The national debt is nearing $22 trillion, the budget deficit will soon top $1 trillion again, and the federal government is borrowing (or at least trying to) like there’s no tomorrow.
Suffice it to say, the U.S. is on the cusp of a debt crisis. Debt will likely be the cause of the next economic collapse.
Is President Donald Trump worried?
What? Me worry?
According to The Daily Beast, the president has shrugged his shoulders pertaining to the ballooning national debt. The report suggests that he has told administration officials: “Yeah, but I won’t be here.”
From the website:
Since the 2016 presidential campaign, Donald Trump’s aides and advisers have tried to convince him of the importance of tackling the national debt.
Sources close to the president say he has repeatedly shrugged it off, implying that he doesn’t have to worry about the money owed to America’s creditors—currently about $21 trillion—because he won’t be around to shoulder the blame when it becomes even more untenable.
The friction came to a head in early 2017 when senior officials offered Trump charts and graphics laying out the numbers and showing a “hockey stick” spike in the national debt in the not-too-distant future. In response, Trump noted that the data suggested the debt would reach a critical mass only after his possible second term in office.
“Yeah, but I won’t be here,” the president bluntly said, according to a source who was in the room when Trump made this comment during discussions on the debt.
He never campaigned on a fiscal conservative platform, refusing to slash spending and reform entitlement programs, so his indifference to the nation’s finances should not be surprising.
The accuracy of the report should come into question, considering the amount of fake news pertaining to the Trump White House and all the sources are unnamed and anonymous. But if it is accurate, then it shows how Republican voters never really cared (and still don’t) about the public purse.
Congress is the only ones that can fix the spending problem. You are blaming one man, for not doing anything about the national debt. I blame the 535 spendaholics in Congress.
Maybe the debt will be paid off by illegal immigrants, technology, a zero percent tax rate, or magic fairy dust, but the reality is that the US debt is increasing constantly, no one cares, and spending more money to reduce the debt will only lead to disaster.
Debt didn’t work out too well for Rome, Germany, Japan, Greece, or Zimbabwe.
Those who fail to learn from history are doomed to repeat it.
The U. S. Constitution allows the government to issue money debt free, but the Presidents and politicians that have tried it have been taken out by the bankers or corrupted by the bankers power and influence. After all who got bailed out in 2008.
“The colonies would gladly of borne the little taxes on tea and other matters had it not been for the poverty caused by the bad influence of the English bankers on the Parliament, which caused in the Colonies hatred of England and the Revolutionary War” – Benjamin Franklin
“If ever again our nation stumbles upon unfunded paper, it shall surely be like death to our body politic. This country will crash.” — George Washington
“All the perplexities, confusion and distresses in America arise not from defects in the constitution or confederation, nor from want of honor or virtue, as much from downright ignorance of the nature of coin, credit, and circulation.” — John Adams, letter to Thomas Jefferson.
“If the American people ever allow private banks to control the issue of their currency, first by inflation, then by deflation, the banks…will deprive the people of all property until their children wake-up homeless on the continent their fathers conquered…. The issuing power should be taken from the banks and restored to the people, to whom it properly belongs.” — Thomas Jefferson
“Paper is poverty. It is the ghost of money and not money itself.” — Thomas Jefferson
“History records that the money changers have used every form of abuse, intrigue, deceit, and violent means possible to maintain their control over governments by controlling money and its issuance.” — James Madison
“Of all the contrivances for cheating the laboring classes of mankind, none has been more effective than that which deludes them with paper money.” . . . “We are in danger of being overwhelmed with irredeemable paper, mere paper, representing not gold nor silver; no sir, representing nothing but broken promises, bad faith, bankrupt corporations, cheated creditors and a ruined people.” — Daniel Webster
“Capital must protect itself in every possible way, both by combination and legislation. Debts must be collected, mortgages foreclosed as rapidly as possible.
“When, through process of law, the common people lose their homes, they will become more docile and more easily governed through the strong arm of the government applied by a central power of wealth under leading financiers.
“These truths are well known among our principal men, who are now engaged in forming an imperialism to govern the world. By dividing the voter through the political party system, we can get them to expend their energies in fighting for questions of no importance.
“It is thus, by discrete action, we can secure for ourselves that which has been so well planned and so successfully accomplished.” — Montagu Norman, Governor of The Bank Of England, addressing the United States Bankers� Association, NYC 1924
Additional info about the bankers shenanigans can be found below.
http://www.whatreallyhappened.com/WRHARTICLES/allwarsarebankerwars.php