re: Debt Ceiling: At What Point Does this Have to Stop?

just curious because you are usually unhinged in your anger and vitriol...

Why is this now a concern? Did you not know about this trend for the past 8 years?

I actually share you concern but am wondering why I'm seeing this concern for debt from liberals all of a sudden.

An honest answer is fine even if that answer is admitting that it's because your side isn't in power any longer. I would get that.

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Seems like he's really using another word for "Joo"

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clearly, although i was kinda hoping to tease that out of him

eta: and it sounds like that's the "history" he's referring too as well, where 'the usurers' get 'thrown out of countries'

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Lincoln and Jackson being prime examples

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If have to go back this far then I'll stick with my "it ain't stopping" narrative.

Looking at the chart, can we just shut down the Govt, for a few years....

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AUbused

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To your original point, the point that it had to stop about 15 years ago. Instead, it's increased.

And before anyone starts throwing party-first rhetoric around, this happened and continues to this day while both parties have had control of not just the Presidency but both chambers of Congress. This is a problem with Washington increasing deficit spending but never cutting back enough to have a surplus to pay down the debt.

We know (as shown in my previous post) that Congress will never make the cuts necessary to begin paying down the debt. When even a 10% across-the-board cut doesn't do it, we are well and truly fricked. So instead of asking when does it have to stop, the question everyone should be asking is "when does it all crash?"

While revenues are indeed increasing, they're still being outpaced by spending. With the US Dollar being a fiat currency, the only thing that's keeping us afloat is that we're still the skinniest kid in fat camp. As we continue to spend more than we earn though, that gets closer and closer to changing. Eventually we'll hit a point of no return and hyper-inflation will kick in as the Dollar tanks.

Unless something drastically changes I believe we'll hit the point of no return around the mid to late 2020's (when the debt reaches $25-$30T but annual revenues have reached only ~$4-$5T) unless we're still benefiting from being the (by far) major economic powerhouse in the world.