Thursday, February 13, 2025

Steve’s Barking; Worry me not US debt.

 Oh πŸ’© The  United States debt is 35 trillion dollars, give or take a trillion. And oh my Children owns $800,000,000,000 of it give or take a billion. Oh my that’s less then they owned before the pandemic and when the U.S. debt was a 1/3 of what it is now. Oh my China’s going to bankrupt the U.S. Or at least that was what I heard from some so called experts.  

 The United States debt is out of control, just like the wealth of the tech billionaires. Just think the so called wealth of the tech billionaires quadrupled or more for some of those tech billionaires. Hmmm πŸ€” I don’t seem to hear oh πŸ’© how can we sustain the out of control billions that are quadrupling. The experts don’t seem to be worrying about the pet rock assets worth going to the moon πŸŒ™ and beyond.

 To be honest the real problem with the economy and the debt is the firing of government workers and the lessening of disposable income. When not if the U.S. goes into recession or worse taxes will not be paid , really weakening the ability to pay off the debt the government owes itself.

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