What did they do with that 31,124 trillion of debt money in America?
(From the blogpost "This is the end of a mega-cycle" on 30.5.2023 by Michael Snyder on the Economic Collapse blog:)
"Earlier today, I came across a tweet by End Wokeness that really does a great job of pointing out the harsh reality of what we are facing…
US national debt, 1960: $286 billion
US national debt, 2023: $31.4 trillionAre our roads better?
Are our streets safer?
How about healthcare?
Is it easier to raise a family?
Did we improve our schools?If not, then what the hell did they do with that $31,124,000,000,000?
I can actually answer that last question.
They bought time.
By kicking the can down the road over and over again, they have been able to delay the severe economic consequences that myself and so many others have been warning about all these years.
About two-thirds of our national debt has been accumulated since Barack Obama first entered the White House."
