Monday, February 10, 2020

Nobody is bootstrapping when public debt costs are five percent of income

AOC completely clueless about 'bootstrapping' — And she should know better

One of the best parts of being an American is no matter your background, your challenges or any immutable characteristic you may possess, you have the opportunity at any point to forge a path for your and your family’s success. For the innumerable people who have done this despite incredible challenges, great odds or with a few dollars in their pocket, we call this “bootstrapping.”

Carol Roth is living in dream world.

AOC is correct. As long as the boomers have left the scene with this massive debt bubble, no one is boot strapping.  The boomer used up the conserved amount of  bootstrapping liquidity.

 AOC and her colleagues are better off voting for a shutdown until the interest charges are reduced, one way or the other.  AOC already voted once for one of these deficit budgets and to her surprise the most wealthy saw their wealth increase by 1/4 in one year, and astounding transfer from her voters to the super wealthy in Wall Street, via the primary dealer system.  She would have a lot of splainng to do if she voted one more time to stick her supporters with those interest charges.

What the fox anchors fail to understand is none of the new generation have any moral, legal or personal reasons to cover those debt charges, most of which go back to bogus spending by Reagan, the Bush family and Trump.  The kids are not paying for that crap.

If Fox anchors are so horrible at budget management, than say it, do not try and blame AOC it was entirely a problem by blunders in the Fox News group.  AOC never once,  well OK once, agreed to pay for 40 years of useless debt, she never voted for the crap, never wanted it, and her voters are all her age and they never voted for this crap. If you want to know where the debt came from, look around the FOX News room.

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