Our Biggest Concern

- Debt can exceed the country's ability to pay it off

- Brutus in Anti-Federalist paper to Hamilton

Today

I write this on Saturday, the 19th of April. In the above quote, the warning by Brutus is proving to be true. On this day in 1775, the "Shot Heard Around the World" was fired at Lexington and Concord. Did all the founding fathers risk their lives because egotistical politicians could get elected and re-elected? In the present fight with and over tariffs, the numbers are facts. However, in today's lying and hiding of truth, they are manipulated or just kept of the books. 

Examples

They are everywhere. When LBJ decided to go to war in VietNam, he hid (off the books) the cost of the war. China does the same thing with their debt. The actual amount would say that China is bankrupt. They are not alone. Our Federal Reserve is bankrupt, but they can print money to keep solvent. Bernie Madoff coud not. He destroyed a lot of people. China has a whole nation of Bernie Madoff's. The collapse of the China Evergrande Group in real estate is just one, but it effected millions of Chinese people. The Communist Party does not care, they just print like the Fed. At one time, there were 500 electric auto firms in China. The government subsidized them all. They sought the one who could succeed, grab market share and provide jobs. There are 400 losers. The one positive thing that I will say about China is this: they use debt to buy real things. In contrast, we use debt to buy more debt. 

Brutus, John Adams and Thomas Jefferson...

They all warned about using debt, but the idiot Democrats and Republicans think that they know better than our founders. Their arrogant egos in relationship to our economy and debt tells a different story. For instance, the Biden budget for 2024 stated that our debt as a percentage of GDP was only 6%. This is mamipulation! 

Facts and Numbers are boring, but do not lie.

US budget for 2024 was $6.8 trillion. Our deficit for the year was $1.01 trillion. Dear Reader, basic math says that our deficit was 15% of our budget. The use of GDP pushes the figure to 6%, but that is the manipulation. The trend is frightening. The yearly deficit for 2014 was only $483 billion. This year, the interest alone will exceed one trillion = $1,000,000,000. The annual deficit compounds. The recent trend says that in seven years, 2032, this interest alone will double and the total would be unpayable. The smoking gun points to our trading deficit. Last year, it was $1 trillion and the figure has grown every year. Trump understands numbers. He is correct, but his approch is wrong. Pick a Industry! Save it. Nuetralize the import/export bottom line. If we just do this one aspect, then, we can begin the long road back to stabilized prices and economy.  Peace.