TheWiseOldFart

Op-ed by TheWiseOldFart Most Americans ignore what the content of this story is all about. Terms like “the national deficit,” or “national debt” are a mystery to most Americans and therefore not an issue of great importance. The simplest way to explain this situation is to use household economics. If your household income is $5,000 each month, but your family’s expenses are $6,000 a month, you have a very serious problem. Our nation has a deficit of about 37 trillion dollars. That’s right, $37,000,000,000,000.00. Our great grandchildren will inherit this debt, and likely pass it on to their children. POLITICIANS ARE BLOWING SMOKE UP YOUR ASS WHEN THE CLAIM THAT AMERICA IS THE “RICHEST COUNTRY IN THE WORLD” If your monthly bills exceed your gross income, you are worse than poor. There is no feasible way to reverse the situation without removing all wasteful spending immediately, or find a way to increase your income. It’s the same with a country. For the first time since 1946, our natio...

Op-ed by TheWiseOldFart Americans are stupid. They must have the latest I-Phone, the most expensive car, the biggest house, have their children attend the most prestigious colleges and universities, and more recently have their food delivered rather than cook for themselves. The citizens of the United States are the most wasteful people on the planet. However, compared to our government, we are all misers. With Trump as your illegitimate president, the national debt is rising as fast as the Atlantic Ocean, a result of climate change. His failed fiscal policy is a disaster and has made America the poorest country in all developed nations. OUR GREAT GRANDCHILDREN ARE ALREADY IN DEBT The national debt is over 39 trillion dollars and rising. Between 2017 and 2021, Trump added 4 trillion dollars to the national debt. During the first year of his second term, 2025, Trump added a whopping 2.2 trillion dollars to the deficit. At the same time, his 989 oligarchs/billionaires, an increase of 87 ...