US Debt is unsustainable
- Thread starter pmbug
- Start date
Welcome to the Precious Metals Bug Forums
Welcome to the PMBug forums - a watering hole for folks interested in gold, silver, precious metals, sound money, investing, market and economic news, central bank monetary policies, politics and more.
Why not register an account and join the discussions? When you register an account and log in, you may enjoy additional benefits including no Google ads, market data/charts, access to trade/barter with the community and much more. Registering an account is free - you have nothing to lose!
- Messages
- 36,878
- Reaction score
- 6,339
- Points
- 288
Interest on the national debt will cost $16 trillion over the next 10 years
A new Congressional Budget Office outlook expects entitlement spending and the national debt to explode in the next decade.
reason.com
That's supposedly less than $100B/year. If Minnesota alone can be shown to have $18B in fraud just for daycares and home health care schemes, the total amount nation wide would dwarf anything we give to Israel. So worry not!
Foreign aid is a gift, and gifts aren't theft.
We can discuss whether or not it's correct to give it, but theft it's not.
What is theft is what the Somalians did/are doing. As well as anyone else doing the same thing in other States.
Let me help you understand something, taxation is theft...
- Messages
- 36,878
- Reaction score
- 6,339
- Points
- 288
Big Beautiful Bill Eats America
Bloated Bill is, in fact, creating the largest transfer of wealth to Trump and his friends in US history.
goldseek.com
Ok, but the point I was making is that the foreign aid itself isn't theft by the nations receiving it.
What certainly IS theft though, is what's been uncovered in Minnesota, and likely is in every other State too. That shit dwarfs any amount given in foreign aid.
I'm for reigning that in too, but you shouldn't let yourself be blinded by that one problem area.