The national debt of Japan is more than twice Britain’s proportionate to its GDP, but to service it costs less than half of the proportion of its GDP that it takes Britain to service its debt.
— Read on www.takimag.com/article/a-question-of-when-not-if/
Time to give Government debt and spending some serious thought
I have warned that once one state taxes something, the idea spreads like a contagion. Illinois and California wanted to tax movies or anything you stream. Now, Georgia is looking at the same thing. This is all part of the economic decline. The states are broke. Their pensions are consuming everything. It is no longer about servicing the people, it is all about exploiting the people to fund themselves. There is no rationale behind this. It is all about needing more to cover this year’s budget. What about next year? They basically simply say they will deal with that when it comes. With every new tax, they simply reduce disposable net income, which in turn lowers living standards. This process is not sustainable. A child with a simple calculator can easily figure out that everything will come crashing down. We have politicians who are career people and have rarely ever been on the side of people. It is beyond comprehension, for the bottom line is always the same. NO POLITICIAN WILL VOTE AGAINST THEIR SELF
— Read on www.armstrongeconomics.com/world-news/taxes/the-netflix-tax/
The State of the American Debt Slaves, Q4 2018 | Wolf Street
— Read on wolfstreet.com/2019/02/08/the-state-of-the-american-debt-slaves-q4-2018/
Debt piled upon debt.
Trump should reverse what the Clintons did to student loans. He should RESTORE the right to go bankrupt. This huge problem was created by the Democrats who exempted student loans from normal protection for consumers. In addition, the bankers then exploited the entire issue by getting parents to co-sign. The entire argument for eliminating the right to go bankrupt was that they had no collateral. The FRAUD here is the bankers managed to get the Democrats to hand students to them on a silver platter. Then they then pulled a fast one by demanding parents co-sign. That way, they can take their parents’ house. The scary thing is that the generation of Americans over 60 years of age is on the hook for worthless degrees, owing $86 billion in student loan debt. True, some of these people owe for degrees they themselves obtained in hope of getting a better job. They have discovered that the degrees mean nothing and their age tends to scare companies because of pensions. The bulk of these people in the 60+ group had their kids late in life and co-signed for their children of which 40% are still living at home. Interest rates are not cheap and run from 5.05% to 7% annually. Compound that out and you will nearly double the cost of a degree by interest in 10 years. A number of major companies NO LONGER require a degree. Here are just a few. BTW – neither do we. Google Ernst and Young (EY) Penguin Random House Costco Wholesale Whole Foods Hilton Publix Apple
— Read on www.armstrongeconomics.com/markets-by-sector/interest-rates/student-loans-the-economic-time-bomb/
The question of the Democrats to win in 2020 by constantly investigating Trump and links to Putin while they blame Putin for releasing emails that exposed the corruption within the Democrats is coming up in spades. While the USA has been warning everyone not to deal with Venezuela, Russia then has to step in and agree to ship 20 tons of gold out of the country. Putin is only doing this because the Democrats have deliberately sacrifice all relations with Russia simply to score point domestically against Trump. Not only has every president tried to work for world peace since World War II, but just about every Miss America has said when contending for the crown she prays for world peace. There is an anger that has consumed the people and the politicians. It is even self-evidence in sports. The San Francisco 49’ers use to dominate the sports league. Most people admired them. They use to look up to stars like the Chicago Bulls and the great Michael Jordan. Today, the Patriots have replaced the 49’ers but they are probably the most hated team in history. This attitude is reflected in politics as well. Just because the person you voted for lost the presidency, there was none of this “he’s not my president” stuff. We accepted the lost and moved on. Those days are simply gone. Regardless who wins in 2020, you can bet on one thing. They losing side will NEVER accept the loss. Violence will grow and spread. We will see the average person unwilling to actually accept democracy. This rising anger is clearly growing between the USA and Russia. The latest Gallop Poll shows that 72% of Democrats hate Russia and it’s all about Hillary’s emails. This is very serious for against that type of bias lies the easy step to war and they will think it is justified especially when the economy turns down.
— Read on www.armstrongeconomics.com/international-news/politics/72-of-democrats-hate-russians/
It seems that the Russians are the scapegoat for the failed thinking of the Democratic Party. They put up a candidate with more baggage than Sansomite , with a hard to like personality, seemingly with some obvious health problems, and they lose to a political outsider. The deep state, liberals, leftists, women’s groups, Wall Street, the corporate media establishments, big tech, big pharma, the war hawks, and the establishment Republicans all wanted her to win.
The torrent of hatred toward Trump shown by these same entities is unprecedented in my lifetime. This is just more proof that denial is not just a river in Egypt. Hillary’s supporters wanted more of the same. Trump and Congress are still spending record amounts of money and spiking the national debt to even higher levels.
I would say in regard to the debt and government spending, we have gotten more of the same. You can’t drain the swamp by continuing to feed it. “The government is like a dragon 🐉,the more you feed it, the bigger it gets, it will never get smaller” Lao Tsu
JohnBarleycorn
Apocalyptic Debt Crisis In America – LewRockwell
— Read on www.lewrockwell.com/2019/02/mac-slavo/apocalyptic-debt-crisis-in-america-63-of-americas-largest-75-cities-are-completely-broke/
Politicians keep spending money they don’t have, and want to raise taxes after the fact. JohnBarleycorn
Who Bought the Gigantic $1.5 Trillion of New US Government Debt Issued over the Past 12 Months? | Wolf Street
— Read on wolfstreet.com/2019/01/31/who-bought-the-gigantic-1-5-trillion-of-new-us-government-debt-over-the-past-12-months/
This is the issue that will eventually bring this country to its knees. This is more money than people can fathom, let alone the interest we pay on it. Politicians are still spending more money than we take in, and this will end badly.
The only way out for all of these countries with massive debt like ours will either be a default or the globalist banking cabal creating a global currency and forgiving all debt. Either way this ends badly, especially for the most vulnerable. JohnBarleycorn
If You Don’t Think QE4 & QE5 Are Coming, You’re Smoking Something – Mike Maloney – YouTube
— Read on m.youtube.com/watch
The much ignored debt monster. JB
President Trump has now amassed his first $1 trillion in debt, crossing that ignominious mark late last week — and analysts said it’s just a taste of what’s to come after the tax-cuts and spending spree of recent months.
— Read on www.washingtontimes.com/news/2018/mar/15/donald-trump-adds-1-trillion-national-debt-14-mont/
Trump promised to pay down the debt while he and Ryan made it worse.
But there are wide swings in support and opposition to the idea depending on how the question is asked, poll finds
— Read on thehill.com/policy/healthcare/426418-poll-56-percent-of-public-supports-medicare-for-all
John Barleycorn 
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