Author Topic: Coronavirus Is Not Even Close to America's Biggest Problem  (Read 213 times)

0 Members and 1 Guest are viewing this topic.

Offline mystery-ak

  • Owner
  • Administrator
  • ******
  • Posts: 381,863
  • Gender: Female
  • Let's Go Brandon!
Coronavirus Is Not Even Close to America's Biggest Problem
« on: March 27, 2020, 02:02:31 pm »
March 27, 2020
Coronavirus Is Not Even Close to America's Biggest Problem
By Bryce Buchanan

The COVID-19 pandemic can be used to illustrate two problems that are both more destructive than the virus.  The problems relate to how Americans view the role of government in their lives and to the belief that government money can always fix problems.

Let's look at the money issue first.  The immediate reaction of our government to the virus threat was to spend massive amounts of money.  The latest news is that politicians plan to "boost" the economy with nearly two trillion dollars in spending and loans.  "The package is coming in at about 10% of GDP.  It's very large," says Larry Kudlow.  For a plan of this size to sound like a good idea, you need to ignore some important economic facts.

Our country has unbelievable levels of debt, and our debt is rising rapidly.  The numbers are staggering.  The debt clock shows U.S. debt at $23 trillion (nearly 110% of the GDP) and unfunded liabilities of $77 trillion.  That's a conservative estimate.  Boston University economist Laurence Kotlikoff, an expert on the national debt, says, "The true size of our fiscal problem is $222 trillion...20 times bigger than the official debt."  He says, "The government has gone out of its way to run up a Ponzi scheme and keep evidence of that off the books by using language to make it appear that we have a small debt."

more
https://www.americanthinker.com/articles/2020/03/coronavirus_is_not_even_close_to_americas_biggest_problem.html
Proud Supporter of Tunnel to Towers
Support the USO
Democrat Party...the Party of Infanticide

“Therefore do not worry about tomorrow, for tomorrow will worry about itself. Each day has enough trouble of its own.”
-Matthew 6:34

Offline conservativevoter

  • Hero Member
  • *****
  • Posts: 490
Re: Coronavirus Is Not Even Close to America's Biggest Problem
« Reply #1 on: March 27, 2020, 02:15:17 pm »
Shouldn't Pelosi and Shuner be  included in that list? :yowsa:

Offline Fishrrman

  • Hero Member
  • *****
  • Posts: 35,365
  • Gender: Male
  • Dumbest member of the forum
Re: Coronavirus Is Not Even Close to America's Biggest Problem
« Reply #2 on: March 28, 2020, 12:57:36 am »
Nobody cares about "the debt" any more.
Nobody.

I'm surprised it's still a topic of discussion.
Some "concerned" folks talk and write about it now and then.
But they don't have the power to do anything about it.
And those that DO "have the power", will NEVER do anything about it so long as they don't have to.

And when the moment arrives when they DO "have to do something" about it, watch out, folks.
You are NOT going to like "what they do"...