Pay back time will come
Let’s put some data on the table:
| US Annualized GDP: | 15.0 trillion |
| Current debt ceiling: | 14.3 trillion |
| Current US debts: | 14.3 trillion (yep, at the ceiling) |
| US Federal spending: | 3.6 trillion |
| Federal tax revenue: | 2.2 trillion |
| US Federal deficit: | 1.4 trillion |
Of those 3.6 trillion of federal spending:
| Medicare/Medicaid: | 824 billion |
| Social Security: | 716 billion |
| Defense: | 702 billion |
| Interest on debts: | 213 billion |
Yes, these four add up to 2.455 trillion, or 68% of the federal spending. Yes, all the highways, national parks, foreign aids, bridges to wherever, green whatever, education, unemployment benefits, immigration border control, abortion or not, subsidies and all the controversies you and your politicians debated all day long add up to less than a third of the federal budget. We can cut them all out and the debts will still continue to grow.
My dear citizens of the US. What would you like to do? And everyone, what do you think is really going to happen in 10 years?
[...] Pay back time will come [...]