Courtesy of EconMatters
We discuss the $20 Trillion National Debt, the $5 Trillion Central Bank Balance Sheet and the 105 Percent Debt to GDP Ratio in the context of the environment that Donald Trump is going to inherent as President in this video. No more experimental policies, we know what works, cut government spending, keep tax revenue constant, and start paying down the National Debt.
Every American needs to know these 3 charts backward and forward because you are the one who has to pay for this government spending and debt obligations over your lifetime. It is time that our government goes on a spending diet, no more military jets that we don`t really need, let alone can actually afford. There are no magic, fantasyland budgetary solutions and Dynamic Scoring and Laffer Curve nonsense to justify an agenda is unacceptable with a $20 Trillion National Debt staring us in the face this year.
It is time to break it down to solid finance basics, spend less, keep revenue increasing slightly to account for the entitlements hitting the budget with babyboomers` entitlements obligations starting in 2018, build a budget surplus each year, and start paying down the National Debt with some Fucking Financial Discipline.
