None Are So Blind, As Those Who Refuse To See

 

"O foolish people, and without understanding; which have eyes, and see not; which have ears, and hear not"

Jeremiah 5:21

When Bill Clinton left office after eight years, the national debt was 5.6 Trillion dollars.  After the eight years of the George Bush administration, the deficit grew, adding another 4 Trillion after the 9/11 attacks and the wars in Afghanistan and Iraq. After the eight years of Barack Obama, the deficit was increased by 8.6 Trillion dollars. 

For anyone counting?  That is a total of roughly 18 Trillion dollars accrued in 16 years.  As it stands today, congress is on the verge of borrowing another 3.3 Trillion dollars this year for Covid relief.  Adding to the 2.2 they have already borrowed and spent on Covid.  Meaning? our national debt?  Will rise to approximately 28 Trillion dollars.

Now ask yourself this.  How do we anticipate paying that debt.  And how long will that take.  The present estimates of our deficit reflect that in 2021?  America will borrow more money?  That the entire country makes in GDP.  So wrap your head around that.  Try owing seven times what your income is already?  And asking for the bank to float another loan for you.  This tome?  For more net value than your entire income over the next year.

A Trillion dollars?  Is an entire football field stacked 4 feet high in banded $100 bills.  And we owe? Twenty eight football fields of $100 bills to our creditors.  And how do we re-pay that?  We don't.  There is only two solutions to that level of debt. Bankruptcy or war. 

You decide.

PS.  The visualization of stacked $100 bills next to the Statute of Liberty?  Was when our debt was only 14.5 Trillion.  ;-)