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Showing posts with the label National Debt

With America’s Economy in Shambles, I Offer You a Few Solutions

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Op-ed by TheWiseOldFart I have been interested in the future of my country since the age of 10,, in 1956. I believe that I have several legitimate ideas which could save our nation from economic ruin. It won’t be easy. Trump recently increased our national debt to the unimaginable number of $40 trillion. This is what that looks like: $40,000,000,000,000.00. Definitely not “pocket change.” My ideas are inclusive: every citizen, rich or poor, black or white, Christian or non-Christian, young and old, will share in their responsibility for the existence of the United States of America and to its survival for another 250 years. TAXATION It is impossible for any democratic, socialistic, communist, or fascist nation to exist without some form of taxation. In most democratic nations, the rate of taxation varies according to income. The justification is based on the fact that laws and regulations often support the success of businesses, which in turn create jobs and increase the quality of lif...

Trump’s Wasteful Spending Would Pay for Universal Healthcare and Free College for Everyone

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Op-ed by TheWiseOldFart 3.8 Trillion Dollars. That is the amount of money added to the National Debt by Trump’s wasteful spending in just 19 months. But Trump Believes that all of your tax dollars belong solely to White, super-rich men and their trophy wives. This enormous amount of money would cover the costs of universal healthcare and higher education for everyone. During his second illegitimate term, Trump has spent more money than any other president in history. He has failed to keep his most important campaign promise: to “end inflation on day one.” The truth is, his ill-advised tariffs have exacerbated the problem. NO WORKING-CLASS AMERICAN CAN IMAGINE WHAT A TRILLION DOLLARS LOOKS LIKE $40,000,000,000,000.00. That’s the amount of America’s national debt. After four years and 19 months as your illegitimate president, he is now responsible for 7.8 trillion dollars of that deficit. Trump scoffs at “affordability.” There is no way he is able to comprehend the everyday struggle whic...

Greatly Disturbing Facts and Reasons Why No Working Class American Should Ever Vote for Anyone With an “R” Next to Their Name

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  Op-ed by TheWiseOldFart The Federal Government of the United States is very complicated. This is not an accident, it is intentional. Complicated situations and organizations result in confusion and chaos. They create ways for our corrupt and incompetent government to hide the truth from the American people. MY LIFE SUCKS IN 2026: HOW’S YOURS? Since I retired, and my only income became the Social Security money I and my employer had placed in a trust, controlled by the federal government, life has been a struggle. I finally realized the truth: without large sums of money, our government has no interest in our seniors, with the exception of our votes. Then came the Trump era. Trump is a ruthless, fascist dictator. Along with his 989 oligarchs, they created a plutocracy and control everything which happens in our daily lives. This unholy alliance is founded on the fact that Trump continues to give the super-rich and large corporations tax cuts. The maximum income tax rate in America...

Remember DOGE? Go Ahead and Laugh; I’m Laughing With You

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Op-ed by TheWiseOldFart A few days after his minimalist inauguration, Trump announced the creation of DOGE, the Department of Government Efficiency. In charge of DOGE was Elon Musk. Musk is a billionaire without a single qualification to be included in anyone’s presidential administration. However, he donated hundreds of millions of dollars to Trump’s 2024 presidential campaign. Trump announced the purpose of his new agency with a lie. No surprise there. The orange buffoon claimed this new agency would eliminate 2 trillion dollars in government waste, and therefore reduce the national debt by an identical amount. As expected it failed. Its only “accomplishment” was the firing of thousands of qualified and necessary employees who actually worked within our federal government. ANOTHER FAILURE BY AMERICA’S BIGGEST LOSER After DOGE was dismantled, with all the firings and falsely claimed changes in our nation’s fiscal policies, about two billion dollars in spending was achieved. Between 20...

Trump Loses his First, and the Pentagon Adds One More to Its Growing List

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Op-ed by TheWiseOldFart Do we get what we pay for? Between 2023 and 2024, the presidential candidates spent 1.8 billion dollars to secure a job which pays $400,000 per year. Congressional candidates spent 3.8 billion. Their jobs pay $174,000 each year. In 2025, the Pentagon received a budget of $831.3 billion. In 2026 that number rose to $838.7. Trump is asking for $1.5 trillion in 2027. On February 28, 2026, Trump began a war against the sovereign nation of Iran. As the illegal and unconstitutional war continues, the estimated cost will reach one trillion dollars. Guess what: by all accounts, Iran is winning. Trump and his generals failed to achieve their goals. This is the first war lost by Donald Trump, and the fifth on a growing list for the Pentagon since WWII. Fact: America has the largest and most expensive military in the world and it is incapable of winning wars in Korea, Vietnam, Afghanistan, Iraq, and now Iran. Any war in the Middle East is clearly unwinnable. WHEN WILL OUR ...

How Much Money Are You Paying for Trump’s Wasteful Spending?

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39  Op-ed by TheWiseOldFart        The numbers I am going to give you may sound ludicrous and unbelievable. However, I want you to understand that they come from the GAO and other federal accounting offices. You may think that when I talk about “taxpayer money,” I am referring to income tax. This is far from the truth. We all pay federal taxes on gasoline, tobacco, alcohol, and airline tickets. These are known as excise taxes. Trump is using your money for his personal benefit while destroying our nation’s floundering economy. 3 BILLION DOLLARS EVERY DAY The national debt has been rising steadily under Trump’s failed fiscal policy. It was about 36 trillion dollars in January of 2025, and is now nearing 39 trillion. It is also interesting that over that same period of time, the number of oligarchs in America has risen from 902 to 989. I ask: has your income increased dramatically over that time? Accounting for Greedflation and the effects of Trump’...

Two Words, Four Presidents: How America Became the Poorest Nation in the World

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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...

The Poorest Country in the World?

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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 ...

Is the National Debt More than 170.3 Trillion Dollars?

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Op-ed by TheWiseOldFart Your government is the most corrupt in the world. It is also the most incompetent in history, refusing to perform the jobs for which they were elected. That said, a watchdog group claims that the Washington Mafia is hiding the truth about our national debt. Although it is reported as 39 trillion dollars, this group claims that the actual number is 170.3 trillion dollars. TRUTH IN ACCOUNTING CLAIMS THAT YOUR GOVERNMENT FAILS TO INCLUDE ALL OF THE COSTS INCLUDED IN THE DEFICIT [As of Sept. 30, 2025, the U.S. government had only $6.1 trillion on hand to pay for $176.3 trillion worth of incurred and promised liabilities, Truth in Accounting reports.] The following are a few of the debts unreported by your corrupt government. [Within that number, projected Social Security benefits for all Americans who have entered the workforce amount to $54 trillion, total Medicare benefits will cost $74.5 trillion, and military and civilian retirement benefits will be $15.5 trilli...

How is it Possible that Trump’s Favorability Rating is So High?

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Op-ed by TheWiseOldFart Last Monday, a poll revealed that Trump’s approval rating dropped to 36 percent; the lowest for a second term president in modern history. As Trump’s War against Iran continues, and gas prices escalate, his very low numbers are expected to continue on a downward spiral. WHAT HAS TRUMP ACCOMPLISHED? All politicians make promises they know they’ll never keep. However, when the promises come from the man or woman the states choose to lead our nation, we pay attention. Trump promised to end inflation, more accurately known as “Greedflation,” on day one. He also promised to end Russia’s invasion of Ukraine immediately, During his many hate rallies, he promised to end military conflicts around the world and prevent America from becoming involved in another unwinnable war. In January 2025, Trump and his campaign financier, Elon Musk, began taking revenge on anyone who disagreed with the orange buffoon’s fascist plans for America. Thousands of men and women who actually...

The Illegitimate President who Lives Like a King

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Op-ed by TheWiseOldFart This story sounds like a fairytale. However, there is no damsel awaiting her prince charming to take her away. Instead, there is an old, obese, schoolyard bully who is raping the treasury of the United States of America. Trump is living like a king while more than one-half of all Americans struggle to survive. Greedflation has resulted in a huge decline in the quality of life for most of our nation’s people, including yours truly. Three of the last four Republican presidents used their positions for personal pleasure, often watching television and taking long naps and longer vacations. None reached the level of waste comparable to Donald John Trump. Between 2017 and 2021, Trump averaged two trips to Mar-a-Lago each month, This continues today. When he’s not partying with his oligarchs in South Florida, he is golfing at one of his resorts, or opening a new golf course in Scotland. A few of the costs involved in a single trip to and from his billionaire’s playpen ...

Eliminating Government and Military Waste in 2025

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Op-ed by TheWiseOldFart There’s always a discussion in process related to eliminating government waste and reducing America’s escalating national debt. The truth is, every member of our government is aware of changes which could be made today and save hundreds of billions of dollars every year. They simply don’t want to do the right thing. Most of the talk is nothing more than a smoke screen to hide the truth about the most corrupt, inefficient and expensive government in the world. The same is true about the Pentagon. Estimates are unforgivable. Watchdog groups claim that 50 cents out of every dollar received annually goes to waste. Let’s begin with issues familiar to every American. First, healthcare. Every man and woman sitting on the right side of the aisle opposes universal healthcare. America remains the only developed nation in the world refusing to offer free medical care for all of its 340 million people. Let’s eliminate healthcare benefits for all elected officials. Our legis...

Trump Becomes the Most Expensive President in U.S. History

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Op-ed by TheWiseOldFart Trump knows absolutely nothing about economic security. This is not news. In the private sector he declared bankruptcy four times, including an Atlantic City casino, which is nearly impossible. He failed at every business venture in his 79 years and was “bailed out” by Russia and the Saudi Royal Family. What Trump believes and practices is “spending other people’s money.” Between 2017 and 2021 Trump averaged more than six million dollars each month pretending to be a real billionaire. All of his golf excursions, trips to and from Mar-a-lago, and holding his hate rallies were at taxpayer expense. So far, after pretending to be your president for seven months and 22 days, he is wasting more than 10 million dollars each month. Now for the important facts. Trump has big plans, plans which would benefit him and add billions if not trillions of dollars to the national debt. Recently he used 10 million dollars or your money to play golf in Scotland. He lied, claiming t...

How the Three Worst Presidents in History Brought an End to the Party of Lincoln

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Op-ed by TheWiseOldFart Ronald Reagan, George W. Bush, and Donald Trump are responsible for the demise of the Party of Lincoln. Those who call themselves “Republicans” today are imposters. They have no resemblance to their predecessors. Ten years ago they surrendered their integrity, principles, and morals to Putin’s puppet. They are more appropriately called the “American Nazi Party” in 2025. After years of research, reading and re-reading the history of America’s 249 years, I am positive that Reagan, Bush, and Trump are the three worst presidents in America’s 249-year history. Their actions, demands, and policies forced the demise of the once Grand Old Party. These three old, white men ignored the needs and wishes of the majority of our nation’s people, choosing to serve our country’s wealthiest men and women: billionaires/oligarchs. Reagan, Bush, and Trump share many qualities, none of them positive, progressive, or relevant to making America a great country. All three wannabe dicta...