Originally Posted by
full of luv
Eventually, in a big financial "crisis" one day, financial discipline will suddenly be imposed by the lack of ability borrow/print more money without serious ramifications. The only thing that has saved us till now is the fact that everywhere else in the world is at least as bad or worse financial trainwreck (or hides the numbers).
The worst part, is that Trump and Republicans said the debt was a national emergency, and campaigned heavily on electing them to fix the national emergency. They were given all 3 branches of federal government in 2016, and they MADE IT WORSE! And, they made it worse, during the BESTEST economy the world has ever seen. You are supposed to pay debt down during the good times because budgets will inevitably crumble during the bad times! Like right now!
That is the brutal truth of Trump's presidency and the Republican party with respect to the national debt. And it is very, very bad.