The tail of military spending is wagging the dog of U.S. foreign policy. From David Stockman at lewrockwell.com:
That didn’t take long. Twelve days after Biden signed the ballyhooed legislation unfreezing the nation’s $31.4 trillion debt ceiling, the public debt crossed the $32 trillion mark on June 16th. And that was only nine months after it crossed the $31 trillion level in October 2022.
For that matter, by this date in 2033 the public debt is guaranteed to be above $55 trillion. The $1.5 trillion of alleged “cuts” in the McCarthy-Biden debt bill were phony as a $2 bill and won’t make a damn bit of difference to the $25 trillion of new public debt that is baked into the budgetary cake over the next decade.
Then again, who is counting, anyway?
Certainly, not anyone in Washington. The Dems never really cared very much about the debt and the GOP long ago forfeited its bone fides as an agent of fiscal rectitude. That happened when a perverted form of supply-sideism became an excuse for big tax cuts financed with large gulps of public debt.
But since the turn of the century the GOP has really gone AWOL on its core job in American democracy, which is to function as the sentinel of fiscal responsibility. After all, the Dems long ago acquired the axe on the Welfare State—so what’s the point of the GOP being in the “me too” business?
Grand Old Politburo are more worthless than a pet rock.
At least you know what you are getting with the CPUSA.
No Great Reset leap forward without the largest debt in human history and dollar wipeout.
Printing press stonks only go up…for now.
O/T-Getting a kick out of the Putin haters creaming their jeans over dark Wagner.
Deception is the default setting of Clown World.