Debt ceiling hits Pi – $31.4 trillion

the fault ceiling at the moment stands at $31.4 trillion, which represents borrowing by the Treasury Division to fund its monetary obligations, which vary from safety-net advantages like Social Safety. Is that this coincidence or is the magic quantity the place the federal government begins to lose management? As Socrates predicted, that is the tip of the highway for our republican types of authorities. They’re irresponsible, present no monetary administration in any respect, and use any means potential to keep up their energy. The issue was they by no means see the tip of the highway. They assume they will preserve borrowing yr after yr and the general public will preserve borrowing.

The true disaster is that the quantity of latest debt the federal government has to problem exceeds the first sellers’ steadiness sheet. If they’ve to purchase the debt to maintain their standing and so they cannot promote the debt, then you’ve got a serious banking disaster. At this level, it is truly cheaper to only print the cash and stop this silly recreation of pretending to run the system responsibly.

It is time to flip off the foolish recreation of operating limitless deficits and borrowing if there’s any NEVER no intention of ever paying off the debt. Let’s minimize the nonsense as a result of this could’t go on ceaselessly.

For the reason that start of the US paper greenback in 1861, there will probably be 19 intervals of 8.6 years in 2024. We’ve got reached the Rubicon. It is time to have fun, a brand new starting is on the horizon.