The United States Cannot Continue To Borrow Without Paying The Consequences Which Will Eventually Be An Economic Crash

Once again the spineless Republicans in the Congress have given in to the Democrats ( socialists ) in the form of getting the military budget that was needed trading for giving the Democrats what they wanted for domestic spending, this from a Congress that the majority is Republican with a Republican President in Donald Trump. Yes it’s true that Trump will get infrastructure spending, a border wall and opioid treatment but the problem is what did Trump give in to domestic spending to get his desires passed.

The following was posted by Judge Andrew Napolitano, published by Fox News: “Government produces no products that consumers are willing to pay for voluntarily, and it doesn’t sell shares of stock in its assets. It doesn’t generate wealth; it seizes it. And when it can no longer politically get away with seizing, it borrows. It borrows a great deal of money — money that it rolls over, by borrowing trillions to pay back trillions to prior lenders, and thus its debt never goes away.”

“Last week, after eight years of publicly complaining that then-President Barack Obama was borrowing more than $1 trillion a year to fund the government — borrowing that the Republicans silently consented to — congressional Republicans, now in control of Congress and with a friend in the Oval Office, voted to spend and hence borrow between $5 trillion and $6 trillion more than tax revenue will produce in the next three years; that’s a few trillion more than they complained about in the Obama years.”

“borrowing $1 million a minute.”

This is all very frightening indeed. As long as we have a President in Donald Trump who knows how and has shown so far that he can move the economy in an aggressive fashion because he loves and strives in the capitalistic system of free enterprise. This is all well and good and I really should not be using the word good it is never good to borrow in such great quantities the same way it would not be good for your household. Here is where my problem comes in all this and thats the fact we must continue to elect presidents such as Trump in the far off future who know how to expand the economy by various different means to be constantly able to pay the debt and once again is it fair for the future generations as we keep on saying to even inherit debts such as these?

Now what if in the very far off future we have another Obama socialist as president and these debts in the meantime had continued to expand who once again started choking the economy with endless regulations and constant tax increases and once again we would have a president who never reached 3% GDP of which the highest annual GDP Marxist Obama had was 2.9% in 2015. In other words Obama never had an interest to stimulate the small business person who controls the engine of the economy. If this was to happen again and the debt in the meantime having reached record breaking proportions there is no way the American economy would withstand it. There would be an economic crash so large it would make the depression of the 1930’s look like an inflation. That is why my patriots, the debt while we have a Republican Congress and a Republican President in Trump should have been cut starting in the Trump Administration otherwise we are really playing with the heart of the United States and that is our economic well being. This is definitely not the time to be gambling with our economy, this is the time to be fixing otherwise somewhere down the road there will be nothing to fix.

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One comment on “The United States Cannot Continue To Borrow Without Paying The Consequences Which Will Eventually Be An Economic Crash

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