How long will it take for us to get into serious trouble with our national debt – this time? If interest rates go up even a little, as they will, or when other countries stop loaning us money because our credit rating drops, as it will, then our little multi-trillion dollar financial bubble will inevitably burst, as it always has.
This kind of thing always happens very quickly, and we never have much warning. And then afterwards everybody always looks back and says: “Why didn’t we see this coming?”
We always did, and we do now , but we always ignore what history tells us and what our own eyes can plainly see.
Everything this administration is doing is funded with borrowed future taxpayer money – placing 100% of the burden on our children. As a Democrat and economist I am very concerned that none of this is being fully discussed.
Mortgaging our children’s future on the basis of false and unchallenged narratives is so wrong!