‘We’re In Deep Trouble’: Billionaire
Investor Says US Is Spiraling Toward A
Debt Crisis

No. 1 spending buys votes. cutting spending won’t happen because politicians want to be reelected. No. 2. Governments love inflation because they pay back their debts in inflated cheaper dollars. No. 3 we are on the Roman Road, but not the good one.

And what better thing to do than allow4.6 million illegals to cross the border so we can support them too! Idiots!

And the government doesn't have to pay back the debt. At least not before this election cycle. It will be due in 20 years and we won't pay in currency. We'll just need to welcome and resupply Chinese Navy ships at Hckam, San Diego, Bremerton, Norfolk, Jacksonville, etc. While their sailors "date" our granddaughters . . .

All according to our Stalinist Democrat Party Plan to destroy the US . Phase II is to build a collectivist gulag on the ashes.

We've been banging on the door of a debt crisis for decades. I'm always a bit skeptical when billionaires start with the sky is falling rhetoric. These people will short their investments and make a killing. It's how Soros keeps making tens of millions of dollars no matter what economic conditions exist.

OP is correct and identifies the true problem. We have giveaway programs on top of freebies on top of benefits for every bum, homeless vagrant, unwed mother of six children and drug addict, all of which are of absolutely no use to society but they can be paid to vote. Retirees have spent a lifetime working and sacrificing to earn a much needed rest but we have gained enough real world experience to not vote for democrats.

No shite Sherlock. It doesn't take a World Class Economist to recognize that continual, unlimited spending causes a problem. Geez, do we have Dolts for leaders? Yes we do.

We have a young relative who, since Kung Flu was given to us by the Chicoms and the little eyetalian doctor Fauci, has legally collected about 40,000 tax-free dollars from the State and Federal governments, plus another 5000 dollars in food stamps. Single, millennial, unemployed individuals have done quite well. Small wonder that they are not eager to go back to work. And now they are wondering where the next federal handout is coming from.

It isn't the traditional Welfare Queens that are the problem. We are - those who demanded government "do something" as we entered the COVIDS "crisis" and allowed them to spend $14 TRILLION on top of the waste, fraud and abuse already budgeted. And it all came on credit, poured into Welfare Queen pockets that included all of us as stimulus, PPP, rent moratoria, and Operation Warp Speed. That money added 50 percent to an already burgeoning national debt, not including those "unfunded liabilities." We printed money with zero consideration of the economic consequences, flooding our economy with empty dollars. And we still spend more on such priorities as Ukraine and asteroid defense. People have underestimated how addicted we have become to easy money, with interest rates closer to zero than their historical levels. Politicians since Clinton in '92 learned that constant economic stimulus is preferable to any correction (recession) for votes. So we don't have corrections anymore - it's sink or swim when reality comes home, as in 2008. Think times are tough now? Wait. Worse is coming. And again we'll demand government "do something!" The response is likely to be to print more money we don't have. We're all socialists now.

Billionaires. Is there anything they don’t know. The funny thing is that their class has the power to get things changed. We can vote. They can buy votes. We can protest. They can threaten to move production off-shore. They will live in fortified bunkers; we will suffer the slings and arrows that comes with utopian pursuits that collapse into chaos. But, they think it’s better if they pass along trinkets of wisdom and knowledge to the proles. It makes him/her feel better about themselves.

didn't think it could get much worse than it is, now but I'm having second thoughts

People have been saying this for decades, and finally it will be coming true, very likely.

When the Fed sets interest rates very nearly at zero, borrowing unending trillions is cheap and easy. Interest payments are small and relatively painless. When interest rates rise....the interest on $22 trillion debt becomes......completely unmanagable and all the tax revenues won't pay the interest on previously incurred debt....let alone pay for what needs to be paid for this year in "fixed obligations" like Social Security and military funding,etc. So - who doesn't get paid? Probably the debt holders. Who are they? Well, do you invest in "T-bills"? Do you have Savings Bonds? What if nobody wants to buy T-bills because they think they won't get paid back? Some day, some way, there WILL BE a comeuppance. So far, they have kicked this ticking time bomb down the road, decade after decade. Can they continue to kick it? I don't really know. But it just may explode at the next kick.

Our nation is not spiraling into economic collapse - government policies are propelling it into a power dive.

Thanks for the tip. Good to know. Tell the fools in DC.