Saturday, July 15, 2017

We have an explanation for this chart

Health Care Will Bankrupt the Nation

After doubling to $20 trillion since 2009, the national debt is now projected to soar to an unfathomable $92 trillion over the next 30 years. At that point, depending on interest rates, between 60 and 100 percent of all individual income taxes will go towards paying the interest on this debt. What is driving the federal budget into bankruptcy? Health care spending.

It is also why Italy, Greece, the UK  and France are all going bankrupt.

OK, we can really blame California for driving the catastrophe. Is there some way we can exclude California from the union? Why would Kansas want to go broke because the Cal legislatures hires liars at the UC Bezerkeley economics department?  Kansas would prefer to shut the senate for a year or so until California either gets out or lives up to the constitution.

We will never fix the problem before we go bankrupt.  It is going to take a few years just to realizes that Hillary didn't get elected and the prior plot is null and void.  The Kanosians have no other plot. I think the small state Republicans are looking forward to defaults.  Our best bet is to hurry up the sandbox, Goldman-Sachs cannot hold the ten year down much longer.

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