Comments by "Major Moolah" (@majormoolah5056) on "In divided America, anything goes in the name of “protecting democracy" | Ian Bremmer | Quick Take" video.

  1. The other day, I was looking at a video of Rep. David Schweikert of Arizona. He was ringing the alarms on the US budget deficits in a very memorable way. The week before, US borrowing was $95,000 per second. The week he was doing his presentation, it was $96,000 per second. That trend is only going to accelerate. You may be aware that Medicaid and Social Security are funded with trust funds. Now what the US government has done is that they borrow the money from these trust funds and put Treasury Bonds in them instead. Well, in 2030 or so these trust funds will have no more money in them. They then are not only giving more money to borrow, they need to be backfilled from the budget instead. The deficit problem is bad enough that if left unchecked, it can mean the end of US global power. Trump added $7,5 trillion into the deficit in his term. Biden's proposed budget for 2025 just so happens to be that same size! US is adding a trillion into the debt every 100 days. The reason I am mentioning this here is that when you compare any given scandal from either candidate to the fiscal time bomb, you will see that there is no comparison. US now has the worst public health in the developed world: 60% of Americans have a chronic disease. Combine that with the most expensive health care in the world and you see the challenge. Now if all this is left to fester, the dollar is going to lose its reserve currency status and with US running a trillion-dollar trade deficits every year as well, the living standard of all Americans is going to collapse. These are the things the voters should know.
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