We’re Going Broke
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With all the madness around the impeachment, few people noticed:
On Monday, the feds announced a $1.4 trillion budget fix that will add about $1.7 trillion in additional spending over the next 10 years. The measure even includes an extra $25 million to “study gun violence.”
(We could have easily saved them $24.99 million. All they needed was a bus ticket to Baltimore. If there’s anything about gun violence that the city doesn’t know by now, it’s not worth knowing.)
In other words, Congress may be mad-dog-divided on the impeachment, but it had no trouble cozying up to spend more money and go broke…
From the beginning of this century to last week, federal debt has multiplied four times. It was less than $6 trillion in 1999. Now, it’s over $23 trillion. No nation… nowhere… no time… no how… has ever been able to spend more than it takes in forever.
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